Electric Ireland lowers energy prices for SMEs - Newstalk
Group CEO of bonkers.ie, David Kerr spoke on Newstalk about Electric Ireland’s announcement that it is lowering its energy prices for Small and Medium Businesses (SMEs).
The unexpected announcement, which follows Pinergy’s decision to lower its electricity prices for its consumers, has left people wondering if more energy price reduction announcements are to come from other suppliers.
Listen back to the interview above or take a look at the main points discussed below.
Main points from the interview
- From March 1st, Electric Ireland is lowering its gas prices by 15% and its electricity prices by 10% for SMEs.
- This price decrease comes at a good time for SMEs as the Temporary Business Energy Support Scheme (TBESS) came to an end in February.
- This means SMEs can no longer claim back up to 40% on their increased energy bills.
- It is unclear if residential energy users will also see a reduction in their Electric Ireland gas and electricity bills in the near future.
- In February, pre-pay electricity supplier, Pinergy, announced a 9% reduction in its electricity prices for its 30,000 customers.
- There are hopes that Pinergy and Electric Ireland’s recent price reductions might suggest that other energy providers will follow suit and drop their energy prices for consumers too.
- In March, electricity consumers will start receiving the PSO payments. These payments, which run from March and September, will see a €12.73 credit being refunded to consumers each month.
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