Major electricity and gas provider announces price freeze for the Winter
PrePayPower have announced they will be freezing prices for the Winter months in an effort to provide relief from cost of living pressures to its customers
PrePayPower has announced a Winter price freeze for its Irish customers because of the cost of living pressures.
The electricity and gas provider has said that it won't raise prices until March 1st at the earliest.
It says gas prices will stay at 11.34 cent a unit while electricity prices will be frozen at 33.62 cent a unit.
"As we head into the winter, we want to give our customers certainty that we will not increase prices before March of next year at the earliest," PrePayPower CEO, Conor Fay, has said.
He added that it's because of the cost of living pressures that many customers are facing.
PrePayPower has dropped prices twice since the start of 2023 and has not had any increases during that period either.
The cuts saw the average annual bill reduced by €247.
Other energy companies, such as Flogas, SSE Airtricity, Bord Gáis, Energia, and Pinergy have all announced price increases for their electricity customers in recent weeks.
Electric Ireland have said it will not be increasing prices for electricity customers before winter and it has lowered gas prices by 4%.