PlayStation Plus Membership Prices Increasing This September

$10 increase per year in the US.

While Sony stokes the new hardware fires (see here), there is an official "update" regarding PlayStation Plus Memberships. The current prices of $49.99 per year and $17.99 for 3 months are going away. Come September 22nd, the new prices will be $59.99 per year and $24.99 per month. ($69.99 CAD per year $29.99 CAD and per three months.) The monthly price of $9.99 will stay.

The new prices will take effect if your membership renews on or after this date.

PlayStation Plus strives to enrich your PlayStation experience through a world-class service built for our fans. This marks the first time that PS Plus membership prices will increase in the U.S. and Canada since the launch of the service in 2010. The new pricing reflects the current market conditions while enabling us to continue providing exceptional value to our members. As a member, you will continue to enjoy the benefits and features that enable shared experiences, such as online multiplayer, free games, and exclusive discounts. You will also continue to get exclusive benefits such as online game save storage and discounts across the PlayStation digital services.

Sony has pointed out that the service started in 2010, and that this will be the first price increase in the US and Canada. With the price change, now would be a good time to check those auto-renewal settings. Likewise, it's likely worth deciding on next year at the current $49.99 price.

Source: PlayStation Blog