A number of energy suppliers are set to cut charges for electricity and gas from today. Nearly 2 million customers will benefit from cuts in unit prices and standing charges.
Nearly 2 million customers will benefit from cuts in unit prices and standing charges.From today more than 1.1 million Electric Ireland customers will see the cost of their electricity drop 10% and gas by 12%.
While PrepayPowers' 180,000 domestic customers will benefit from decreases of 12.8% and 13.5% on electricity and gas charges, respectively.Flogas will cut its domestic electricity and gas prices on 6 November by 30%, leading to savings of €900 for its electricity customers and €780 for gas customers.Both electricity and gas charges will drop by 15.5% from that day, giving annual savings of €274 to gas customers and €357 to electricity customers.
However, the price cuts come after a period of steep domestic energy cost increases and remain higher than they were 18 months ago. However, there has been much criticism of companies more recently, as wholesale energy prices fell dramatically, with no apparent impact on domestic energy prices.
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