Ever since Brexit, its effects on the EU economy were expected but from the looks of it, the new PS Plus Price hike for Europe is not to blame. This is a region-wide PAL price hike which is a good indication that Brexit is not at play here. The news came as a shock and while the difference is not that big, still, even a single penny has an impact on your pocket in this tough economy.
Sony Interactive Entertainment, previously known as Sony Computer Entertainment, sent out an email to PlayStation 3 and PlayStation 4 users to announce the PS Plus price hike. In the email, the company never explained the reason behind this price hike so at this point you can only speculate.
In the UK, the annual price goes up from £39.99 to £49.99, a 25% hike. Meanwhile, the quarterly price goes up from £14.99 to £19.99. Last but not the least, the monthly price goes up from £5.99 to £6.99. The price hike goes into effect starting 31st August 2017. Your current PS Plus subscriptions will stand but once they expire, the next subscription will renew at the higher price.
The best thing to do is to renew/extend your membership before 31st August 2017 to avoid being charged extra. Anything renewals after 31st August 2017 will cost you more. Meanwhile, the subscriptions in the United States will remain the same as before.
The regional change only affects PAL for the time being. However, there are rumors that Sony may raise prices in other regions as well. Still, there is nothing to worry about yet.
PS Plus membership gives you access to PlayStation Network’s multiplayer feature as well as a handful of free games every month. One membership is valid across all of your PlayStation devices – PlayStation 4, PlayStation 3, and PlayStation Vita.
PlayStation Plus sales went up by 90% not too long ago, we’ll have to see where the numbers are after the price hike goes into effect.