SSE Airtricity announces 5% price cut to electricity & gas rates
The cut will take effect from August 1st and also includes a 5% reduction in standing charges.
Cuts to gas, electricity & standing charges
SSE Airtricity has today announced a 5% price cut to both its gas & electricity rates for residential customers. The cut will take effect on August 1st 2016, and will save the supplier’s average Dual Fuel customers €101 per year.
The cut will affect SSE Airtricity’s 400,000 energy customers across Ireland.
Price cuts to standard rates in 2016
This price cut follows Electric Ireland’s announcement of a 6% cut in electricity rates, which comes into effect today. It is the second announcement of a cut to standard rates by an Irish energy supplier in 2016.
‘Customers will have to wait’
Eoin Clarke, Managing Director of Switcher , commented on the news: “This is a positive move by SSE Airtricity, and follows a similar move announced by Electric Ireland in April.
“It’s clear that when one supplier cuts prices, it puts pressure on the others to follow suit, which is good news for consumers. These latest cuts will save the average dual fuel customer €101 per year, however customers will have to wait another two months to avail of these savings.”
“But we’re still waiting on price cut announcements from the other energy suppliers. With wholesale energy prices at a five-year low, any supplier who has not cut their tariffs has some explaining to do. In the interests of their customers, we would call on all remaining suppliers to follow suit, and make cuts to their unit rates with immediate effect.
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