Major energy provider announces price cuts for second time this year

The move may put pressure on competitors.

The company announces a 10% decrease in its standard unit rate for both electricity and gas from July 1.

This will see annual reductions of around €149 for electricity customers, €109 for gas customers and €254 for dual-fuel customers.

The cuts will benefit more than 300,000 domestic customers in the Republic of Ireland.

Major energy provider announces price cuts for second time this year

This is the second time this year that the energy provider has reduced its charges.

A 12.8% reduction in electricity prices and a 11.5% drop in gas prices came into effect in February after being announced in December.

They also reduced its prices in September last year by up to 12%, making this the third reduction within 12 months.

SSE Airtricity announced 10% price decrease for customers in Republic of Ireland.

For more information 👉 https://t.co/XHz1NDlzRg pic.twitter.com/5kBHI5lM77

— SSE Airtricity (@sseairtricity) May 29, 2024

"We have worked hard over the last couple of years to support our customers and we remain committed to passing on reductions as soon as it is possible to do so," said Klair Neenan, Managing Director of SSE Airtricity.

"We hope today’s announcement is welcome news for households.

"As always, we encourage any customer experiencing difficulty with their bills to contact us in confidence - we will work with them to find a solution."

Other major providers announced cuts earlier in the year, but this is the first announcement of another round of cuts, which may put pressure on SSE Airtricity's competitors.

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