Energy expert issues ‘excellent deals’ alert amid €250 cash boost for thousands

Significant price cuts are set to benefit thousands of Irish customers this month as price drops on gas and electricity rates at one of the country’s top energy providers kick in from today, July 1.

SSE Airtricity, which reduced rates by 12.8% for thousands of customers earlier in the year, is set to lower rates further as a new month starts. 

The changes mean that customers can save a whopping €250 on gas and electricity bills—€100 on their annual gas plan and €150 on their annual electricity plan. 

Those on variable tariffs will also see a 10% reduction in electricity and gas, while dual fuel plan customers will save €250 per year based on the same price cuts.

The welcome price cuts are the supplier’s third drop in less than 12 months, meaning that energy prices are now 30% lower than they were at the height of the 2022 energy crisis, when rates skyrocketed.

All customers on variable tariffs will automatically benefit from the cost reduction; however, fixed-rate tariffs won’t see any changes.

Other leading suppliers are also set for price cuts, with customers witnessing reductions by the end of the summer season. The standing charge is set to remain unchanged for SSE Airtricity customers nationwide. 

Following price reductions in February and November of last year, customers on direct debit and eBilling dual fuel smart saver standard tariffs will save €998.64 on their estimated annual bill.

Speaking to The Irish Sun, Darragh Cassidy, Head of Communications at Bonkers.ie, said: ‘It’s good to see energy prices continue to creep back towards more manageable levels.’

‘Yet despite the latest price drop, SSE’s third in under a year, its electricity prices are still around 70% higher than they were before the energy crisis broke out while its gas prices remain around 80% higher,’ he said.

‘This means households will still be paying around €1,000 a year more for their gas and electricity than they were only a few years ago. So energy costs will remain a concern for many households for the foreseeable future,’ the energy expert added. 

‘There’s been a somewhat muted response from SSE’s main competitors so far.’

‘But I’d still expect the other main suppliers like Electric Ireland, Bord Gáis Energy and Energia to also cut their prices for existing customers by a similar amount over the coming weeks.’