Louth TD Declan Breathnach warmly welcomes the reduction in standard electricity unit rates by Electric Ireland for residential customers, but believes that further cuts are required especially for commercial users.
Electric Ireland has said it will reduce its standard electricity unit rates for residential customers by 6% from June.
The company said the cut will see a saving of €57.75 (including VAT) or 5.2 % a year on an average customer bill.
“Any reduction in electricity prices is always welcome, and I believe this reduction to be an excellent step in the right direction.
“However, there is also a need for other suppliers, such as Bord Gais and Energia, to give similar reductions.”
“Additional cuts are also warranted for commercial customers, who are being choked by high standard electricity unit rates.
I have previously called for commercial rates to be self-assessed, as the costs of energy on a business are crippling.”
Electric Ireland announced today that it will reduce its standard electricity unit rates for residential customers by 6% from June 1st 2016.
“This reduction will benefit Electric Ireland’s residential electricity customers with a saving of €57.75 (including VAT) or 5.2 % per year on an average customer bill.
Jim Dollard, Executive Director, Electric Ireland said, “This is Electric Ireland’s third electricity price decrease in less than two years.
“We are committed to continually offering the best value products to our customers in a very competitive energy market place.
“ Today’s announcement is good news for Electric Ireland’s 1.2 million residential electricity customers - it means the average annual residential bill for our customers will have reduced by more than €100 over the last 19 months.”