4%* Reduction in Electricity Costs for PrePayPower Customers!
Our customers will receive of a 4%* saving in their residential electricity costs from March 31st 2015. This will save them €53* (on average) per year.
We are reducing our standard unit rates by 7%** from 19.31 cents per unit to 17.98 cents per unit. This is the cheapest*** standard unit rate for electricity in the Irish market!
We believe in offering fair value to everyone, not just short-term rates for new customers only. That is why all customers, new and current, will avail of this market leading rate!
Customers can also save an additional 6.6%† on their electricity consumption by using our Smart Control System.
To reflect higher costs we incur in servicing customers, we are increasing our network standing charge by 4.8 cent per day††. However, our standing charge will continue to remain lower than many other suppliers.
Overall, the saving will deliver a 4%* cost saving or a €53* reduction in annual electricity costs and will come into effect from March 31st 2015 for our current customers.
* Price comparison example made based on PrePayPower’s new 24hr Standard Urban tariff vs. the rate given to customers who signed up before 01/02/2015. Average industry usage figure of 5,300kwh per year was used.
** Prices quoted relate to standard 24h meters. A 7% reduction also applies to the equivalent day / night metered rates.
*** The 'Cheapest Standard Unit Rate' comparison was made against all Irish domestic electricity providers' standard unit rates on 01/03/2015. Pricing is subject to change.
† Analysis of over 2,500 PrePayPower customers found an average electricity consumption saving of 6.6% over a two year period. For more details see www.prepaypower.ie/save
†† Changes quoted related to urban customers. An increase of 6.4 cent applies to rural customers.
††† 72% usage statistic is based on PrePayPower’s 24hr Urban tariff with an average annual kwh estimate consumption of 5,300kwh per year.