Readers like you keep news free for everyone.

More than 5,000 readers have already pitched in to keep free access to The Journal.

For the price of one cup of coffee each week you can help keep paywalls away.

Support us today
Not now
Friday 2 June 2023 Dublin: 12°C
Shutterstock/Atchara Bangmuang
# bright idea
More than 1 million customers to benefit from electricity price cut
Customers are due to save around €58 a year.

MORE THAN ONE million Electric Ireland customers are set to benefit from a major price cut.

A drop of 6% to standard unit rates for residential customers will come into effect from 1 June.

According to the company, this will save the company’s 1.2 million residential customers an average of around €58 a year.

This move is in keeping with a downward trend across the energy sector.

Earlier this month a report published by Vayu Energy found a 45% drop in gas prices in April compared to a year previous – something that it put down to an abundant supply and the strong position of the euro.

In a statement today, Electric Ireland’s executive director Jim Dollard said:

Today’s announcement is good news for Electric Ireland’s 1.2 million residential electricity customers – it means the average annual residential bill for our customers will have reduced by more than €100 over the last 19 months.

According to the company it is the third price reduction in two years.

Electric Ireland is operated by semi-state company ESB, who last month saw its profit after interest and tax hit €286 million – a 33% boost on the year before.

Read: This is what ESB want you to do if you’ve received one of these scam emails

Also: Power isn’t quite paying like it used to for ESB

Your Voice
Readers Comments