Flogas Energy Announces 30% Reduction on Electricity and Natural Gas unit rates and standing charges
Flogas Energy Announces 30% Reduction on Electricity and Natural Gas unit rates and standing charges
- Reduction of €895 per annum on the average standard rate electricity bill
- Reduction of €778 per annum on the average standard rate natural gas bill
- Reduction of €1,673 annually for Flogas standard rate dual fuel customers
- Flogas is committed to passing through market price reductions to new and existing customers through our competitive gas and electricity offers.
The reductions apply to all variable rate customers including smart variable rate customers and equate to a saving of €74.58 per month on the average electricity bill (€895 annually) and €64.84 (€778.00 annually) on the average natural gas bill.
The savings are based on the Estimated Annual Bill (EAB) as defined by the Commission for Regulation of Utilities (CRU).
Sean O’Loughlin, general manager, Flogas Energy said “ As winter approaches, we are pleased to announce a reduction of 30% in our standard rate unit rates and standing charges for both gas and electricity. While wholesale energy markets remain unpredictable, we have seen a calming of volatility of late and this allows us to make these reductions.”
“While these reductions will be welcomed by our customers, we are conscious that many remain vulnerable to continuing cost of living increases. Our customer service teams are ready to talk with any customer who is having difficulty in paying their energy bill or are looking for other options to help save money,” O’Loughlin continued.
Details of the price change will be included in customers’ upcoming gas and electricity bills and will take effect from 6th November 2023.
Estimated Annual Bills (EAB) for standard rate residential customers from 6th November 2023 will be as follows:
| Flogas Ireland Estimated Annual Bill Decreases | |||||
| Product Type | EAB on 5th November | EAB on 6th November | Annual Saving | Monthly Saving | Weekly Saving |
| Electricity | €2,983* | €2,088* | €894.93 | €74.58 | €17.21 |
| Gas | €2,983* | €1,921* | €778.20 | €64.85 | €14.97 |
| Dual Fuel | €5,682* | €4,008* | €1,673.13 | €139.43 | €32.18 |
| * The EAB for electricity includes an increase to the PSO levy from -€89.10 to €0, which will take effect on 1st October 2023. | |||||
| * This Calculation is based on the current VAT rate. | |||||
| * Includes carbon tax currently at €105.15 | |||||