Major boost for Irish consumers as energy firm announces price cuts
Some welcome news for Irish households ahead of the winter months.
One of Ireland's largest energy companies has become the latest provider to announce price cuts in both gas and electricity for Irish customers.
PrepayPower has said that gas prices per unit will fall by 13.5% and that electricity prices per unit will decrease by 12.8%. The reductions are set to come into effect from November 1st later this year, in what is a welcome boost to Irish households ahead of the winter months.
The energy provider broke down what the price reductions would mean for the average Irish consumer, with the typical duel fuel user set to save roughly €435 per year.
Prepay Power are set to introduce sizeable price cuts for Irish consumers from November onwards. (Credit: Getty Images)
Major boost for Irish consumers as energy firm announces price cuts:
Over 180,000 customers currently use PrepayPower, with the firm the largest provider of pay-as-you-go energy in the country.
"We are delighted to announce these price reductions for our customers today," the energy provider said.
"Our customers will continue to benefit from standard rates that are amongst the lowest in the market, significantly cheaper than the standard rates from many bill pay suppliers."
The news of the price reductions comes off the back of the four major energy providers being told earlier this week that they must offer more favourable price cuts to consumers by Taoiseach Leo Varadkar and Energy Minister Eamon Ryan.
Both politicians briefed the media on this following a meeting with Electric Ireland, SSE Electricity, Bord Gais and Energia.
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