You'll have to pay more for your PlayStation Plus subscription soon, as PlayStation announced on August 30 that prices will increase globally for the 12-month plan starting September 6.

While the new prices will remain discounted when compared to the 1 or 3-month subscription rate, the savings are going to be a little less with the price increase. Here's a look at the new rates -- note that at time of reporting, PlayStation has not provided the exact cost in Canadian dollars.

Here are the new prices for PlayStation Plus 12-month subscription plans.

PlayStation Plus Essential 12-Month Subscription

79.99 USD / 71,99 Euro / 59.99 GBP / 6,800 Yen

PlayStation Plus Extra 12-Month Subscription

134.99 USD / 125,99 Euro / 99.99 GBP / 11,700 Yen

PlayStation Plus Premium 12-Month Subscription

159.99 USD / 151,99 Euro / 119.99 GBP / 13,900 Yen

This new pricing will take effect on September 6, 2023. However, if you're currently on a 12-month subscription plan, this new pricing will not take effect until your next renewal date that occurs on or after November 6, 2023. If you decide to make any changed to your plan on or after September 6, such as upgrading or downgrading your plan or buying additional time, your plan will update reflecting the new prices.

Users can expect more information about these upcoming changes via email and on the PlayStation website in the near future. If you're looking to cancel your PlayStation Plus subscription, you can learn how to do it here.