Two energy providers are set to cut what they charge residential customers again as competition in the market ratchets up further.
PrepayPower is lowering its electricity unit rates and standing charges by 6.7% and gas by 6.6%.
Pinergy is also to reduce its standard residential electricity rates by 8.4%.
PrepayPower's reduction is its second cut in charges in recent months following a 13.5% decrease in gas unit rates and a 12.8% reduction in electricity unit rates in November.
The latest cut will take effect from 1 April.
The 6.7% electricity cut will lead to savings of €136 per year on the estimated average bill, while the 6.6% fall in gas rates will produce savings of €111 per annum.
The company has 180,000 electricity customers and 60,000 gas users,
"We are delighted to be able to announce this latest decrease for our customers today," said CEO Cathal Fay.
"We continue to provide competitive PAYG rates to our customers, including the lowest electricity standard unit rate in the market, after recently announced price reductions by other suppliers, together with our app that allows the customer to control costs and save."
Meanwhile, the reduction by Pinergy will result in a typical household saving the equivalent of €183.12 a year on an average annual bill.
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However, its standing charges are to remain the same.
It is the third time in a year that the supplier has lowered its electricity charges, following decreases in March and October of last year.
The reduction will kick in on 1 April.
"We are now pleased to announce a third decrease in just over a year for all our residential customers as wholesale electricity pricing has further eased in recent months," said Pinergy CEO Enda Gunnell.
"However, inflated and often volatile electricity markets mean the energy crisis is not going away."
Pinergy has around 30,000 residential customers here, making it one of the smaller providers in the Irish market.
The announcements are the latest from energy suppliers in Ireland as the cost of wholesale energy continues to fall.
Figures from the Central Statistics Office last week showed that wholesale electricity prices were 38.4% lower in January when compared to the same time last year.
Pinergy also said it is keeping the rate it pays customers for micro-generation the same, despite the reduction in its charges.
"As a country, we need to accelerate the transition to cleaner, lower-cost renewable energy for all," Mr Gunnell said.
"As part of the energy transition, we are pleased to be able to hold our 25c per kWh microgeneration payments for customers who are exporting excess electricity from solar panels and other micro-generation technologies," he added.
