The move is the result of a fall in the wholesale cost of gas
Pinergy has become the first Irish electricity company to cut its price in three years, it has been revealed.
The decision means that the average household will see a reduction of €183 over the period of a year, or a drop of €30.50 every two-month billing cycle. The move by the provider, which has around 30,000 customers, is the result of a fall in the wholesale cost of gas.It comes after multiple increases by the provider, the most recent being an 18 per cent rise in prices announced in December, which came into effect in January. Previously in September, it increased the cost of electricity by 19.
Throughout the past two years, the annual electricity costs for households have doubled as the cost-of-living crisis put pressure on households, with Irish energy providers continuously increasing their prices throughout the period.
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