Budget 2025 expected to give energy customers more good news after Electric Ireland cut

Daragh Cassidy of price comparison website Bonkers.ie said he expects other energy providers to come out with similar price cuts

On Thursday, Electric Ireland announced it will be cutting prices for residential electricity and gas customers by 3% and by 5% for all those on its Smart Meter Tariff Plan. File picture

Hard-pressed households are set to receive some relief after the country’s largest electricity supplier announced another price cut just days before the European Central Bank (ECB) is widely expected to cut interest rates.

It also comes in advance of the Budget on October 1 where the Government is set to unveil €6.9bn in new spending of which €1.4bn will go towards a tax package.