Group, which has more than 180,000 electricity and 60,000 gas customers, says typical customer will pay €1,325 per year
PrepayPower
Latest cut may increase pressure on rivals to further reduce prices
Rising costs hit profits in “extraordinary environment”, says energy supplier
Almost all households will see cuts of between 10 and 30 per cent over coming days as suppliers start competing for business
PrepayPower-owned provider says new rates are cheapest in the market
Move will save dual fuel customers an average of €435 annually, according to company
Energy crisis may have peaked but ‘has not gone away’, says chief executive Enda Gunnell
Dividend of €19m paid to parent company of the pay-as-you-go energy supplier
Pay-as-you-go energy provider sees net profit rise to €14.2m last year
Seen & Heard: Kippure Estate sale, Integer Galway investment, PrepayPower windfall
Suppliers of pay-as-you-go electricity and gas saw revenue rise 29 per cent in 2018
Six of nine providers in State have announced price increases recently
Revenues up 11% to €101.9m at pay-as-you-go firm as customer numbers rise to 130,000
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