Energy Price Increase

Panda Power to increase energy prices due to ongoing market volatility

Panda Power

 

(Dublin – 5rd October 2018)

As a result of an increase in transmission charges and with wholesale energy costs continuing to rise, Panda Power’s energy charges will increase from November 5th, 2018.

Electricity and gas costs will rise by 11.1%. The change in prices will mean that a typical household dual fuel bill for someone not on a discounted rate will increase by €3.35 per week. For single fuel customers, an average electricity bill will increase by €1.91 per week while a typical gas bill will rise by €1.44 per week. These rises will be significantly lower for customers on discounted plans.

Commenting on the increase, Panda Power Managing Director Brendan Traynor stated that “While we have done everything we can to offset the effect of market volatility on our customers, ongoing conditions have made it necessary to revisit our pricing structure in line with increasing transmission and wholesale energy costs which are unfortunately outside of our control."

About Panda Power

Panda Power is part of the Beauparc Utility Group, an award winning, 100% Irish owned business with its origins in Beauparc, Co. Meath. Beauparc has over 285,000 customers and over 30 years’ experience within the utilities industry in Ireland and employs over 1,800 people.

Beauparc, founded and led by Mr. Eamon Waters, is one of the UK and Ireland’s most trusted corporations supplying utilities to homes, businesses and communities. The group spans residential and commercial waste management; renewable energy generation & supply; recycling collection and processing; logistics; green fuels and energy recovery and includes recognisable brands such as Panda Power, Panda, Greenstar, WSR, A1 Skips, New Earth Solutions, OZO, Mahons, Spanners, Big Belly and Bioverda.