Pinergy and PrepayPower announce further energy price cuts

It is the third cut in the last 12 months for Pinergy customers, while PrepayPower’s prices last dropped in November

It also comes amid what has been described as a price war between energy providers, as firms move to slash costs as energy prices fall. Picture: Getty

Two energy providers, Pinergy and PrepayPower, have announced plans to cut electricity and gas rates from April 1.

PrepayPower is lowering its electricity rates by 6.7 per cent and standing orders by the same figure, while they are cutting their gas rates by 6.6 per cent.

Pinergy, meanwhile, is dropping its electricity rates by 8.4 per cent, which the company says should reduce annual bills by an average of €183.12 on their standard tariffs.

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