Prepay Power cuts energy rates following tumbling wholesale prices

This is the second cut implement by Prepay Power as wholesale energy prices continue to tumble and pressure mounts for suppliers pass on these reductions to customers.

Pinergy also announced price reductions for their customers shortly before Prepay Power did.

Prepay Power has cut electricity and gas rates for new and existing customers following a sharp decline in wholesale energy prices.

The price reductions will affect 180,000 electricity customers and 60,000 gas customers with the pay-as-you go energy provider.