Energia announces 20% cut in gas and electricity prices

Move in response to changes in wholesale energy prices

Energia said the cuts would amount to savings of up to €682 per year based on the average annual bill for a gas and electricity customer.

Gas and electricity supplier Energia has announced reductions of up to 20% for residential customers which will come into effect from October 3.

The company said its gas customers would see a 20% cut in their unit prices while smart meter electricity customers and dual fuel customers would also see 20% reductions. Regular electricity customers would see a 15% cut in prices.