Electricity company Pinergy has announced it's lowering its prices.
It's the first price fall in the Irish energy market since 2020.
Pinergy is cutting its standard rate of electricity by almost 9% after hiking it by nearly 18% only last month.
The lower prices will come into effect from the 31st of March.
The price decrease means the firm's 27,000 domestic electricity customers will save an average of €183 a year.
Head of Communications for bonkers.ie, Daragh Cassidy, says the news of the price cuts indicates some normality is returning to the energy market.
“However Pinergy's electricity prices were among the highest in the market before today's announcement.
“This reduction now makes them one of the cheaper suppliers - if you could use that word in today's market.
"But its prices are still around 8% above Electric Ireland's - the biggest electricity supplier in the market".
