ESB Electric Ireland Unveils New Price Plans

As ESB Electric Ireland competes, for the first time, in the deregulated residential electricity and gas markets, the company is launching a new range of price plans for the residential electricity and gas markets that will offer substantial savings for customers. These include:

* Savings of up to 17% on electricity unit rates, representing the best value in the market, are available to customers as part of a dual gas and electricity package from ESB Electric Ireland.

* Savings of up to 14% on electricity unit rates for customers who avail of the electricity only product from ESB Electric Ireland.

* Savings of up to 6% on regulated Bord Gais Energy (BGE) unit rates for ESB Electric Ireland customers who choose to buy gas only from ESB Electric Ireland.

* Savings of up to 9% on electricity unit rates with Green electricity product.

All of these savings are effective from April 4th as part of ESB Electric Ireland’s new price plan offerings which include a range of electricity-only, gas-only or dual products. The offerings demonstrate ESB Electric Ireland’s commitment to compete and maintain its leading position in the energy market.

“We are very aware of the financial pressure on customers in the current environment. In developing our new electricity and gas price plans we are determined to provide customers with the best choice, value and products in the Irish energy market. We are confident that this versatile range of price plans delivers on this,” comments Liam Molloy, general manager of ESB Electric Ireland.

Minister for Enterprise, Jobs and Innovation Richard Bruton TD has welcomed the ESB’s announcement of price cuts of up to 17% for electricity and gas customers. “Based on the figures provided, this move could see Eur100 million or more being transferred from the ESB back into the pockets of their electricity customers alone. This is not including Airtricity, Bord Gais, or gas customers who are eligible for further savings. It represents a major saving for hard-pressed consumers and a small but helpful stimulus for the economy in these difficult times.”

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