Electric Ireland announces 5% cut in gas standard unit rate

The cut will come into effect from 1 October

Maeve McLaughlin
by Maeve McLaughlin on 15th September, 2016

This morning, Electric Ireland has announced a 5% cut in its standard unit rate for gas customers.

This cut, the company’s third in the last 18 months, represents an annual saving of €39.47 on the average gas bill. In total, the three cuts by Electric Ireland amount to an annual saving of €80 per year for the energy supplier’s 150,000 gas customers.

This is further good news for energy customers, following recent cuts by Bord Gåis Energy and SSE Airtricity, and will be especially welcome as we’re coming into the colder winter months.

The fact that Electric Ireland is introducing this cut so swiftly is also welcome - customers will see this reduction with effect from 1 October.

Commenting on the news, Eoin Clarke, Managing Director of Switcher.ie, said: “We’re coming into winter now and we’re starting to see a real battle for customers in the energy market. In the past six months alone, we’ve seen cuts to both gas and electricity standard rates from dual fuel suppliers, and there are also heavily discounted rates available from a number of suppliers for new customers. Consumers can also avail of discounts from most suppliers for paying by direct debit and receiving bills online.

“Price cuts aside, the biggest saving is still to be made by switching suppliers. At the moment, the average dual fuel customer can save €360 by switching from standard rates to the cheapest deals on the market. Switching only takes around 5 minutes, and customers can make significant savings, so it’s definitely worth taking the time to do so before the cold nights really set in.”

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