Electric Ireland has announced it will make further cuts to energy prices for its approximately 1.1 million customers.
The company announced it will be reducing electricity prices by 8% and gas prices by 7%.
Electric Ireland, which is the biggest energy supplier in the state, will introduce the cuts from the 1st of March with the estimated saying to the average bill totalling €152.78 per annum for residential electricity users.
Cuts to the unit rate and standing charge for residential gas users will result in an estimated annual average reduction of €111.29 per annum.
Electric Ireland is pleased to announce a second price decrease for ROI electricity and gas customers, across all our standard unit rates and standing charges effective from 1st March 2024.
For more info, visit: https://t.co/WmUPRBnXcP pic.twitter.com/CdgSsebN9r
— Electric Ireland (@ElectricIreland) January 15, 2024
In September last year Electric Ireland announced it would reduce domestic electricity charges by 10% and gas prices by 12% with these cuts having taken effect last November.
Pat Fenlon, Executive Director of Electric Ireland said, “We are acutely aware of the pressure many of our customers continue to experience due to the impact of international events and the energy crisis over the last two years,”
“Following a reduction of 10% in electricity and 12% in gas prices last November, today’s announcement will deliver further reductions for our customers, resulting in a decrease of 17.2% in electricity and 18.2% in gas prices within a four-month period.”