Finance Minister hints at further cuts to energy prices

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Mr McGrath welcomed reductions from some electricity and gas suppliers this week benefiting almost two million customers – but he said more price cuts are needed.

Further cuts to energy prices could be on the cards early in the New Year, Finance Minister Michael McGrath has hinted.

“We are seeing volatility in the international energy markets, particularly the wholesale gas markets but we have seen reductions in wholesale energy costs so I do anticipate there will be further reductions in the period ahead.” Meanwhile, PrepayPower’s 180,000 domestic customers will benefit from decreases of 12.8% on electricity and 13.5 % on gas charges.

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