Prepay Power's price cuts are coming into effect from April 1st.Read more:Social welfare Ireland: Recipients warned of payment schedule shake up within daysBased on average annual usage, they said the reduction will mean a €247 saving for a typical dual fuel customer .
Prepay Power decreased electricity unit rates and standing charges resulting in a saving of €136 per year for an average customer.This is the second decrease that the company has made in recent months, following a 13.5 percent decrease in gas unit rates and a 12.8 percent reduction in electricity unit rates cut in November.
"We continue to provide competitive PAYG rates to our customers, including the lowest electricity standard unit rate in the market, after recently announced price reductions by other suppliers, together with our app that allows the customer to control costs and save.”