Bord Gais announced an increase in prices on Tuesday.
Other energy providers are expected to increase their prices in the coming weeks, if not days, according to a consumer expert.
It's after the announcement from Bord Gais yesterday, which could see bills rise by around €700 per year.
It is increasing the average gas bill by 39 per cent and electricity bill by 27 per cent.
The changes will come into effect on April 15th.
Meanwhile, the Finance Minister says the government can't control external pressures leading to hikes.
Electric Ireland isn't ruling it out, saying in a statement that it's facing the same wholesale prices for gas and electricity.
Experts say it's possible these won't be the only price hikes for gas and electricity bills people will see this year.
Sinn Féin Finance spokesperson, Pearse Doherty spoke about the rising energy prices with Clem Ryan On Wednesday morning's Kildare Today:
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