PrepayPower, one of Ireland's largest pay-as-you-go energy suppliers with around 200,000 customers, has frozen electricity and gas prices for the winter until at least March 2027, even as wholesale costs rise and concerns grow over European gas supplies. The company had raised electricity prices by 8.8% and gas prices by 10.6% in June. Separately, the regulator CRU introduced stronger protections for indebted customers, requiring repayment plans to match what people can afford, making upfront payments optional, and allowing at least 18 months to repay debts. The maximum share of prepayment top-ups used to recover old debt stays at 15%, and emergency credit remains at 20 euros. Despite these steps, 14% of domestic electricity accounts and 27% of gas accounts were in arrears in July.
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- PrepayPower freezes energy prices in Ireland until March 2027
PrepayPower has frozen electricity and gas prices for the winter until at least March 2027, protecting its roughly 200,000 consumers from further increases as energy costs remain high. The company raised electricity prices by 8.8 percent and gas prices by 10.6 percent in June, while Central Statistics Office figures show energy product prices rose 15.3 percent in the year to September. The freeze follows a similar move before last winter by PrepayPower, its sister company Yuno Energy and Electric Ireland. At the same time, the Commission for Regulation of Utilities (CRU) introduced stronger rules effective immediately, requiring repayment plans that match what consumers can afford, making upfront payments optional and giving at least 18 months to repay debts, while keeping the 20-euro emergency credit and suspending the 200-euro gas meter switching charge. Even so, 14 percent of electricity accounts and 27 percent of gas accounts were in arrears in July.
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