Bord Gáis Energy is the latest energy supplier to cut its prices.
Electricity and gas prices will fall by 15.5% from the 9th of November.
Bord Gáis Energy says its customers will save around €360 a year on electricity and €270 on gas after the provider announced the move today.
Standing charges for the company’s 600,000 customers will also decrease by 15.5%.
The company is the latest energy provider to reduce its charges after Flogas announced it would be slashing its electricity, gas and standing charges by 30%.
Prepay Power, SEE Airtricity and Electric Ireland have also announced price cuts in the last few weeks.
Last September the company announced increases in prices to electricity of 34% and 39% to gas, so this decrease is still well below the increases.