Electric Ireland Is The Latest Energy Company To Announce Price Cuts

  • 📰 TodayFM
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

It's the first time Electric Ireland has reduced its electricity and gas prices in over three and a half years.

Electric Ireland is to cut its energy prices for customers from November.It follows a recent reduction from rivals Energia and Pinergy.Electric Ireland is decreasing its standard unit rate of electricity by 10%, and its standard gas rate by 12% from November 1st.When both reductions are taken into account, the average household could save around €212 a year on their electricity and €216 on their gas.

The company hiked its electricity prices last October by almost 40% and its gas prices by almost 50%. In August 2022, it also increased electricity prices by over 11% and its gas prices by more than 30%.It also has around 170,000 gas customers.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 26. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Correction mode’: Dublin office market expected to rebound by Q2 2024HWBC Ireland is forecasting an uplift in office lettings in the first half of next year
Source: businessposthq - 🏆 8. / 71 Read more »