Energy prices still 'way above normal' as Pinergy drops rates

'Other suppliers will no doubt come under pressure to follow Pinergy's reduction,' said Daragh Cassidy of Bonkers.ie

The first price drop from an electricity supplier in two years will save Pinergy customers around €180 on average yearly, but energy market prices are still "way above normal", a consumer expert has said.

Daragh Cassidy of consumer comparison website Bonkers.ie was reacting to the energy firm's announcement that it would reduce pricing for its 30,000 residential customers.