Ireland to become much more expensive in just a few days: Electric Ireland hike, hairdressers and more May hikes

A series of price hikes that have been announced in recent weeks will take effect overnight.

May 1 could be seen as something of a ‘D-day’ for Irish customers, with electricity bills, gas bills, a tax increase and even hairdressers set to see a rise.

The cost-of-living crisis also shows no signs of slowing down, with some food companies warning in recent weeks that their products will start to get more expensive.

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That may be due to the war in Ukraine, or it could be due to other factors.

This is what we know is definitely going to go up.

electric ireland

After other providers such as Bord Gais, Energia, SSE Airtricity and PrePayPower.ie raised their costs in April, Electric Ireland customers will be affected on Sunday morning.

The cost of residential electricity will rise 23.4% and the price of gas 24.8%.

The increase will be equivalent to €24.80 per month on the average residential electricity bill and €18.35 per month on the average residential gas bill.

Commenting on the announcement at the time, Marguerite Sayers, chief executive of Electric Ireland, said: “We are acutely aware that the rising cost of living is causing hardship for households across the country.

Flogues

Electric Ireland customers are not the only ones to be affected this week.

Flogas said it will increase its residential electricity prices by 27%, while there will be a 29% increase in its residential natural gas prices.

The higher rates will take effect from May 7.

Barber Shop

Several independent hairdressers have warned clients that they will be forced to raise their prices as costs begin to rise for them.

One salon even went so far as to explain to clients exactly where their money goes and highlight the harsh reality many business owners face.

She wrote: “As a hairdresser if I charge a client €100, €20 goes immediately to personal income tax, €9 goes to social security, leaving €71.

“Minus the cost of the color that varies per tube from €5.99 to €11.99 depending on the brand or type of color requested.



Hairdresser working with clients

“Some colors, depending on the length/thickness, use three, maybe three tubes. Let’s say we use two tubes at an average figure of €7.99 each, ie €15.98, leaving €55.02.

“Then minus business fees, insurance, peroxide, gloves, aluminum foil, water, gas, electricity, heating, air conditioning, tea/coffee, waste disposal (I’m sure that I missed other costs), round that up to €15 per three-hour appointment.

“This leaves a profit of about €40; divide that by a 3-hour appointment, that’s about €13 per hour earned.”

carbon tax

The planned increase in the carbon tax is also due to take place on May 1, and will see the price of home heating oil rise by €20 per full tank and the average monthly gas bill rise by around €1.40. €.

Finance Minister Paschal Donohoe explained that this measure was vital to help the public with the rising cost of living here, “but also in particular, to offset the carbon tax increase.”

Nevertheless. Applications are still open for the payment of the Fuel Allowance for 2022/2023, which will start again in September.

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