PrepayPower to freeze energy prices for winter
PrepayPower has announced a price freeze on electricity and gas for its customers until at least March 2027. This decision comes despite rising wholesale energy costs and follows new regulatory measures from the CRU to support customers in arrears.
Why it matters
This provides financial stability for 200,000 Irish households during a period of high energy price volatility.
Agriculture & Consumer Affairs Correspondent
PrepayPower has announced it is freezing electricity and gas prices for customers this winter.
The move will mean the energy provider's roughly 200,000 customers will be guaranteed to see no price increases until March 2027 at the earliest.
PrepayPower is the country's largest pay-as-you-go electricity and gas supplier, with around 180,000 electricity customers and 60,000 gas customers.
If a customer has both an electricity and gas account, they are counted in the numbers for both energy categories,
Ahead of last winter, the provider - along with its sister company Yuno Energy - and Electric Ireland announced a similar price freeze.
However, in June, PrepayPower increased its electricity prices by 8.8% and gas prices by 10.6%.
Most of the main energy providers have also hiked their rates for customers this year.
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