Pay-as-you-go energy provider PrepayPower is the latest energy company to announce price cuts for its gas and electricity customers.
PrepayPower said its gas unit prices will reduce by 13.5% while its electricity unit prices will fall by 12.8% from November 1.
The company said that based on typical usage patterns, the reduction will mean a saving of approximately €435 a year for a typical dual fuel customer.
PrepayPower has over 180,000 customers and Is the largest provider of pay-as-you-go energy in the market in Ireland.
"We are delighted to announce these price reductions for our customers today," a spokesman for PrepayPower said.
"Our customers will continue to benefit from standard rates that are amongst the lowest in the market, significantly cheaper than the standard rates from many bill pay suppliers," he added.
The four main energy companies have been told that they must go further on price cuts, during a meeting with Taoiseach Leo Varadkar and Energy Minister Eamon Ryan earlier this week.
The two ministers met the four largest suppliers - Electric Ireland, SSE Electricity, Bord Gáis and Energia.
Price reductions of between 10% and 20% have been announced by some suppliers in recent weeks.
These will kick in in October and November.
