Pinergy has become the first Irish electricity company to cut its price in three years, it has been revealed.
The energy provider, which uses pay-as-you-go meters for its customers, has become the first company in Ireland to drop prices, reducing its price by 7.1 per cent beginning at the end of March, the Irish Independent reports.
The decision means that the average household will see a reduction of €183 over the period of a year, or a drop of €30.50 every two-month billing cycle. The move by the provider, which has around 30,000 customers, is the result of a fall in the wholesale cost of gas.
