SSE Airtricity will cut their price tariffs on gas and electricity by 10% today.
It is the supplier's third price reduction in less than a year and comes amid falls in the cost of gas and electricity internationally.
The news will benefit up to a quarter of a million electricity customers and 90,000 gas customers.
Bonkers.ie spokesperson Darragh Cassidy described it as good news for consumers.
“This latest cut is going to save the average electricity customer around €150 a year and the average gas customer around €150 a year,” he said.
“So, it’s good news [that] prices for energy are gradually beginning to move back towards more manageable levels.”
Mr Cassidy said SSE Airtricity is unlikely to be the only provider to cut their prices and suggested people consider switching their supplier.
“I still would expect other suppliers like Bord Gáis Energy, Energia and Electric Ireland to announce similar price decreases for their customers over the coming weeks,” he said.
“So, I would say that for people who are waiting for their prices to go down, I would really encourage anyone who is struggling with their energy bills to look for discounts of up to 30% or even higher.”
Energy prices are now nearly one third lower than they were at the peak of the energy crisis.
Main image: Electricity pylons silhouette against a dawn sky at Ringaskiddy, County Cork. Image: David Creedon / Alamy Stock Photo
