Electric Ireland is to reduce its gas unit prices for its residential customers by 5% from October 1.  

This reduction will see the company's average residential gas customer save about €39.47 (including VAT) a year.  

This is Electric Ireland's third reduction in residential gas prices in 18 months, which delivered an average saving of €80 to gas customers during this time. 

The company also reduced its electricity unit prices last June by 6%.