Pinergy has today announced its third price decrease in the last 13 months to its standard residential electricity prices effective from 1st April 2024. This follows previous decreases in March and October 2023.
This latest price reduction will result in an 8.4% decrease to the typical household cost which is equivalent to €183.12 annually (incl. VAT) in an Estimated Annual Bill (EAB) based on a domestic customer using typical consumption per annum on standard tariffs.
Commenting on the latest price reduction, Pinergy CEO, Enda Gunnell, said: “We are now pleased to announce a third decrease in just over a year for all our residential customers as wholesale electricity pricing has further eased in recent months. However, inflated and often volatile electricity markets mean the energy crisis is not going away.
“As a country, we need to accelerate the transition to cleaner, lower cost renewable energy for all. As part of the energy transition, we are pleased to be able to hold our 25c per kWh microgeneration payments for customers who are exporting excess electricity from solar panels and other micro generation technologies. This is a great example of encouraging households to participate in the energy transition and be rewarded for their investment for cleaner energy. We need to see more of these incentives being introduced to accelerate the transition to cheaper, renewable energy.”
New Standard Rates, Standing Charges & Micro-Generation payments effective from 1st April 2024 (Tariffs):
24 Hour Standard Rate (ex. VAT): 33.97 c/kWh
Standing Charge (ex. VAT): 71.25 c/day
Daytime Standard Rate (ex VAT): 34.89 c/kWh
Night-time Standard Rate (ex VAT): 24.76 c/kWh
Standing Charge (Rural) (ex. VAT): 78.87 c/day
Micro-Generation payments: 25 c/kWh