Households can expect lower gas bills from providers such as Electric Ireland starting from today.
The company is one of several who have made pricing adjustments due to the added financial strain facing households. Electric Ireland previously confirmed prices would drop by 10 per cent for electricity and 12 per cent for gas bills respectively.
Meanwhile, SSE Airtricity customers can expect a plunge of up to 12 per cent on domestic electricity prices and 10 per cent for gas. PrepayPower slashed their unit rates by 13.5 per cent for gas and 12.8 per cent for electricity.
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These reductions are now in effect as cold winter weather sets in. Electric Ireland acknowledged in a statement the challenges facing energy customers over the past two years and welcomed the changes.
Electric Ireland's Executive Director Pat Fenlon said: "We know that the last two years have been particularly hard for our customers, given the impact of much higher energy prices following the Russian invasion of Ukraine. Wholesale gas prices remain 300% higher than they were in 2020 which is continuing to impact customer bills.”
Electric Ireland customers could save as much as €212.06 on their average annual electricity bill pending the change. The price drop is a welcome relief amongst customers before heating bills skyrocket over the coming months.
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