PrePayPower announces winter energy price freeze
The supplier is the second to freeze prices in recent weeks.
PrePayPower has followed in the footsteps of Electric Ireland by pledging to freeze prices this winter, until at least 1 March 2019. This comes amidst a spate of price rises announced by a number of suppliers since September - the second round of hikes this year. Already we have seen Flogas, Panda Power, Pinergy, SSE Airtricity and Energia all raise their prices for the cold winter months.
According to PrePayPower the freeze was timed ahead of the Christmas and New Year period which is known to be one of the most expensive times of the year. It will be in place right throughout winter - the same as Electric Ireland who said it’s freeze will last up until at least the end of February 2019.
Cathal Fay, co-founder and Chief Executive of PrePayPower said: “We’re delighted to be giving our customers a little bit of good news at this expensive time of year. This announcement provides customers with certainty of pricing during the winter period when customer energy consumption is at its highest.”
However, with the likes of Bord Gáis Energy and BEenergy yet to make an announcement about their winter pricing, it is likely that we could see more price rises in the coming weeks which have the potential to significantly push up the cost of energy for thousands of Irish households.
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“… with many suppliers feeling the pinch of rising wholesale costs it’s likely these price freezes won’t last forever and consumers shouldn’t get too complacent.”
Commenting on the price freeze, Eoin Clarke, Managing Director at Switcher.ie says: “During a time when energy usage is at its highest and therefore so are household energy bills, it’s good news for customers of PrePayPower to be reassured they won’t be hit with a price rise this festive season.
“However, with many suppliers feeling the pinch of rising wholesale costs it’s likely these price freezes won’t last forever and consumers shouldn’t get too complacent. It’s always worth checking to see if you can cut the cost of your bills through switching or making your home more energy efficient.”