A number of energy suppliers are set to cut charges for electricity and gas from today with nearly 2 million customers benefitting from cuts in unit prices and standing charges.
Nearly two million customers will benefit from cuts in unit prices and standing charges.More than 1.1 million Electric Ireland customers will see the cost of their electricity drop by 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.
All the major companies increased prices as wholesale energy prices rose, especially after the Russian invasion of Ukraine in February 2022.
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