Like most energy providers, Pinergy has been grappling in recent months with soaring wholesale energy prices.
"We had previously committed to reducing electricity prices when circumstances and market conditions allowed," said Pinergy CEO Enda Gunnell. The reduction is small relative to the increases imposed over the past two years, but nonetheless will put pressure on other providers to follow suit.
Hopefully, we will see other energy companies begin to reduce their costs,ElectricIreland , But with record profits to be made, I hold my breath.
Just a PR move 8% drop but still move expensive then the other providers, nevertheless welcomed move.
A good PR move with the recent bad PR prepay meter installations have been getting.
Where's the regulators. International markets dropped ages ago. These companies are robbing us blind. I bet they won't go back to the old normal price. There will be a new high average price.
Sudden magic.
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