Electric Ireland join Energia and Pinergy with energy cost reduction

by Rose Barrett
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Pressure in on Bord Gáis and SSE Airtricity to follow suit

Electric Ireland, the country’s largest energy provider, has announced cuts today in their domestic charges: 10 pc in electricity costs and 12 pc in gas charges. The charges, however, will not be effective until November 1 and follow price cuts announced recently by Energia and Pinergy.

With over 1m customers in Ireland, Electric Ireland is the cheapest supplier in electricity, and it is estimated that a savings of €212+ could be saved on an average household electricity bill per annum, and over €216 per annum for gas customers.

This is the first reduction offered by the company since it increased its charges (three times) since the Russian Invasion of the Ukraine.

“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,” said Pat Fenlon, Executive Director of Electric Ireland.

Now the the pressure is on the remaining big home energy suppliers, Bord Gáis Energy and SSE Airtricity ESB to reduce their prices before the heavy heating demands of winter kick in.

Energia announcement a reduction of 20 per cent for customers with a Smart meter  electricity plan – culminating in a reduction of circa €357 per annum, and €682 average in reduction for dual-fuel customers), effective next month.

Pinergy recently announced their second price cut in residential rates, with a 9.5 per cent cut effective from October 1.

Last weekend,  Senator Maria Byrne (FG), called for similar energy supplement as last year to be issued to customers across the country to assist in energy costs as Ireland is still paying way higher than the average charge in the EU.

See https://dublingazette.com/dublinlocalmatters/news/will-irelands-big-energy-suppliers-follow-energia-and-pinergy-in-rate-reduction/ and this week’s newspaper lead:

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