Electric Ireland to cut electricity prices by 2%

Electric Ireland today announced it is to reduce household electricity prices by an average of 2% from 16th November 2015. Commenting on the news, Eoin Clarke, Managing Director of Switcher.ie said: “This is a positive move by Electric Ireland and should put pressure on other suppliers to follow suit.

“Although these price cuts are welcomed, the average Electric Ireland electricity standard tariff customer will see their annual bill cut by just 2%. Wholesale energy costs, which can make up around half of bills, are at their lowest level in five years and so price reductions can and should be greater. Energy suppliers need to pass on greater savings to help consumers before winter arrives.

“Only 15% of Irish consumers switched energy supplier last year. A whopping 85% of customers continue to suffer expensive, standard variable tariffs. There is currently a €343 a year difference between the average standard plan and the cheapest deal on the market, so many consumers would benefit from creating their own price cut by switching supplier.”

Switcher.ie launched in January 2013, with the aim of offering consumers free, independent and impartial price comparison and switching services. Switcher aims to make it easier for Irish households to compare prices, save money on their regular bills, get the best deals on offer and make their hard-earned money go that bit further.

For more information visit www.Switcher.ie

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For further information please contact:

Emma Williams, Edelman on 01 678 9333 / 087 943 1297 emma.williams@edelman.com
Eoin Clarke, Switcher on 01 517 5920 / 086 824 5800 or eoin.clarke@switcher.ie

About us

Switcher is a free, impartial, online comparison and switching service, helping consumers compare prices on gas, electricity, home broadband and digital television. Switcher is accredited by the Commission for Energy Regulation as an impartial, accurate and independent supplier of domestic energy price comparisons. Switcher is a member of Guaranteed Irish. Switcher has helped thousands of satisfied customers save money on their household bills since it was founded in 2013.

Switcher is owned by Forward Internet Ireland Limited, a privately funded internet-based business focused on consumer engagement and innovation.