Are electricity price cuts really benefitting customers?

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Are electricity price cuts really benefitting customers?
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Pricewatch: ‘Electric Ireland say they have reduced their unit rates but they have also reduced their discounts’

The discount means he is currently paying 0.32 cent per unit of electricity used excluding VAT. Photograph: Peter Byrne/PA Wire

There has been some better news in recent weeks with the main providers rolling out what they said were discounts of between 10 and 30 per cent.Man billed hundreds by Eir for service he never used and didn’t know he had“Electric Ireland say they have reduced their unit rates but they have also reduced their discounts,” his mail starts.

It might be unfair to say they are increasing their take from all their consumers as a great many people who are not as assiduous as Stephen and who do not switch and end up paying the standard rates all the time will end up paying less.

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