Electricity pylon at sunset

PrePayPower has announced a reduction to its Standard Unit Rate of electricity

The reduction will come into effect for all customers from October 1st.

Following on from Bord Gåis Energy’s price reduction announcement last week, PrePayPower has now announced another reduction to its Standard Unit Rate of electricity.

From 1 October, the unit rate will be reduced to 17.03 cents (including VAT) per kWh, down from 17.15 cent.

This is the fourth time PrePayPower has reduced prices in the last 19 months and brings the total reduction in Standard Unit Rate over this period to 11.8%.

PrePayPower has noted that the reduction in unit rate costs will be partly offset by a 1.4% (€2.18 including VAT per annum) increase in its standing charge, which is a result of passing on regulated charges imposed on the company.

There will also be an increase in the PSO Levy from 1 October, which will effect all electricity customers in Ireland.

Although there has been a significant reduction in PrePayPower’s unit rates over the last 19 months, it’s worth noting that the unit rates for pay as you go electricity are generally higher than those available from non pay-as-you-go electricity suppliers.

The benefit of pay-as-you-go electricity is that you can really control your costs on a day-to-day basis, and you won’t get any nasty bill surprises.

However, there are other ways to reduce your energy bill, which can save you money, while still allowing you to avail of the cheapest rates in the market.

Want to save up to €396 per year? Compare energy deals now