Energy provider Flogas will cut electricity and gas prices for its customers from October 1st.
The utility company said that the reductions apply to all variable rate customers including smart variable rate customers and equate to a saving of €74.58 per month on the average electricity bill (€895 annually) and €64.84 (€778.00 annually) on the average natural gas bill.
The savings are based on the Estimated Annual Bill (EAB) as defined by the Commission for Regulation of Utilities (CRU).
Sean O’Loughlin, General Manager, Flogas Energy said “ As winter approaches, we are pleased to announce a reduction of 30% in our standard rate unit rates and standing charges for both gas and electricity. While wholesale energy markets remain unpredictable, we have seen a calming of volatility of late and this allows us to make these reductions.”
“While these reductions will be welcomed by our customers, we are conscious that many remain vulnerable to continuing cost of living increases. Our customer service teams are ready to talk with any customer who is having difficulty in paying their energy bill or are looking for other options to help save money,” Sean concluded.
Flogas joins six other energy providers, including SSE Airtricity, Pinergy, Energy and Electric Ireland, to announce price cuts in recent weeks. It has been thought that this is due to the renewed political pressure to pass on falling wholesale prices to its customers.