GREEN energy supplier Bright is pushing up its electricity prices for consumers from next month. The huge increase is blamed on rising wholesale prices which have increased massively in recent months. It put the latest price increase down to a spike in wholesale electricity costs, which have seen an almost three-fold increase since it launched last summer. Earlier this year seven suppliers raised their prices citing issues with regulatory costs and wholesale prices. Daragh Cassidy of price comparison site Bonkers.ie said that since July of last year, wholesale market electricity prices have almost trebled.

Source: Irish Independent May 18, 2021 10:18 UTC