Bord Gáis Energy has announced its second price drop in less than six months for its electricity and gas customers.

The price drop will be for all of Bord Gáis’ residential gas and electricity customers, and will take effect from May 1.

The company says that the cuts will amount to savings of €82.70 annually for dual fuel households.

This is the second time in six months that the company has lowered its prices in gas and dual fuel prices.

“This new price drop is in addition to the reduction we gave customers last October when we were the only supplier to reduce prices ahead of the winter period. The savings over these two reduction amounts to €97.53 [compared to May 2019 price plans] for dual fuel customers annually,” said Colin Bebbington, retail director for Bord Gáis Energy.

The company will also soon announce new price plans for long-time costumers, which Bord Gáis says will see “even more price reductions”.