Share Energy price rise to add £129 a year to typical electricity bills

A typical Share Energy customer will face an extra £129 a year in electricity costs after the supplier confirmed a 12.6% increase in its standard 24-hour tariff from 1 October 2026.

The estimated annual increase applies to both credit and prepayment customers. The Consumer Council described the rise as “very unwelcome news” for around 41,000 Share Energy consumers.

Customers struggling to pay their bills or top up their meters are being urged to contact their supplier for help, while households are also being encouraged to check whether changing tariff, payment method or supplier could reduce their costs.

Warning that other suppliers could follow

Raymond Gormley, Head of Energy Policy at the Consumer Council, said:

“This is very unwelcome news for around 41,000 Share Energy consumers.

“This increase has been driven by the continued volatility in wholesale energy costs, caused by geopolitics in the Middle East. I suspect some of the other unregulated suppliers may follow suit and increase their tariffs.”

His comments raise the prospect of further electricity price rises, but do not confirm increases by other suppliers.

Check how you pay for electricity

Mr Gormley urged anyone struggling to pay for electricity to get in touch with their supplier for help and advice.

He said:

“We would encourage consumers to think about the way they pay for their energy and see if they can reduce their energy costs. Being on a standard tariff and paying on receipt of a bill is the most expensive way to pay for your electricity. Switching payment option, changing billing method, or even switching supplier may save you money.”

The Consumer Council provides a free, independent energy price comparison tool covering all electricity and gas tariffs across Northern Ireland, allowing households to compare available options in one place.

Where to get help

Customers can access the comparison tool through the Consumer Council’s energy website⁠.

Anyone without internet access, or who would like additional support checking energy tariffs, can call the Consumer Council on 0800 121 6022 or email contact@consumercouncil.org.uk.

The new Share Energy tariff takes effect on 1 October. The £129 figure is an estimate for a typical customer; the actual additional cost for each household will depend on how much electricity it uses.