The PlayStation Plus service will be raising its prices for 12-month subscriptions globally, as announced in the latest PlayStation Plus blog post. The price increase will take effect on September 6, coinciding with the release of Starfield on Xbox Game Pass.
The reason behind the price hikes was not explicitly stated, but it is speculated that the adjustments were made to align with changes in the economy and the market, similar to Xbox’s price increase for Game Pass earlier this year.
Here are the new prices for the 12-month PlayStation Plus subscriptions:
| Subscription Tier | New Price |
|---|---|
| Essential | $79.99 |
| Extra | $134.99 |
| Premium | $159.99 |
PlayStation assures players that even with the price increase, the annual plans still offer a lower monthly rate compared to the monthly or three-month subscription options. However, those who wish to lock in the current rate for the next year must do so before the price increase takes effect.
Existing plans will only be affected by the price increase upon their next renewal date on or after November 6. Any changes made to an existing plan, such as upgrades, downgrades, or additional time purchases, will be updated with the increased prices.
PlayStation emphasizes that the price adjustment will enable them to continue delivering high-quality games and value-added benefits to their PlayStation Plus subscribers.
Source: DOTESPORTS
