Belfast Telegraph

Power firm cuts prices by 10% for households

By John Mulgrew

Electric Ireland is cutting prices for residential customers here by 10%.

Prices will fall from March 21 and the reduction in its unit rate to 13.99p will result in an additional average annual saving of £59, the company says.

It's the latest electricity provider to reduce its prices here.

SSE Airtricity announced it would cut gas and electricity prices by around 10%, and last month Power NI said electric bills for its 500,000 domestic customers would fall by 10.3% from April.

The latest price drop was welcomed by the Consumer Council.

Richard Williams, the Consumer Council's head of energy, said: "It is great news for consumers that now four electricity suppliers out of the six domestic suppliers have announced price reductions.

"With various new tariffs set to come in at the end of March and start of April, now is a good time for consumers to shop around and consider whether by switching supplier or payment method they could save themselves money."

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