Business Irish

Monday 26 September 2016

Thousands of Irish households set for gas price cut

Published 15/09/2016 | 07:17

Electric Ireland is cutting the price of gas for its residential customers from the start of next month.
Electric Ireland is cutting the price of gas for its residential customers from the start of next month.

THOUSANDS of households are set to see the price of their domestic gas go down, just in time for winter.

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Electric Ireland is cutting the price of gas for its residential customers from the start of next month.

The 5pc cut will mean savings of €40 a year for the average customers.

Electric Ireland has around 150,000 gas customers, making up about a quarter of the market.

It is the third time the company, which is the retail arm of the ESB, has cut gas prices in the past 18 months.

The company said the series of cuts have delivered savings of €80 to gas customers over this time.

Executive director of Electric Ireland Jim Dollard said the latest reduction will mean his company will have the lowest priced standard gas rate and lowest priced standard dual fuel rates in the market.

Electric Ireland reduced electricity prices by 6pc in June.

Mr Dollard said Electric Ireland customers can also claim additional savings of up to 8.5pc off their energy bills if they pay by direct debit and sign up for online billing.  

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