In an email sent out to all PlayStation Plus subscribers, PlayStation Australia has confirmed that the cost is going up on all PlayStation Plus subscriptions at the end of August.

The yearly cost will go up from $69.95 to $79.95 for a 12 monthly membership, $27.95 to $33.95 for a 3 month membership and $9.95 to $10.95 for a monthly membership.

At the time of posting, you can still purchase a 12 month subscription for $69.95, so it might be worth keeping an eye on any sales in the next month, before the price increase takes place.

PlayStation Plus is an essential service on PlayStation 4. It’s required to play all online games and don’t forget those great monthly game downloads (that have gotten better over the last few months).

The full email can be found below:

PlayStation Plus prices are changing

From 09:01 AEST on 31 August 2017 we are changing the prices of PlayStation Plus.

– Annually, the price will change from $69.95 to $79.95 per annum.

– Quarterly, the price will change from $27.95 to $33.95 per quarter.

– Monthly, the price will change from $9.95 to $10.95 per month.

What this means for you

We will alter the price of a PlayStation Plus membership at 09:01 AEST on 31 August 2017. As you are an existing member, this means that all recurring subscription fees payable by you on or after 31 August 2017 will be charged at the new price. Up until 31 August 2017, you may purchase a PlayStation®Plus subscription at the current price, which will then be added (or “stacked on”) to your current membership period.

If you don’t want to continue with PlayStation Plus

If you want to prevent your PlayStation Plus membership continuing at the new price, you will need to cancel it – turn OFF “auto-renew” in your account settings at least 48 hours before your next payment on or after 31 August 2017 is due. There’s some guidance on how to cancel your membership on PlayStation.com.