Electricity prices will fall by some 10 per cent and gas prices will be reduced by 12 per cent from the end of April, it was announced today.

Minster for Energy Eamon Ryan said the Commission for Energy Regulation (CER) had carried out a review of energy prices over the past month after he asked them to speed the process of reducing prices. He said the CER had now presented him with a range of options which allow the reduction of prices.

All electricity customers will see their bills reduced by an average of 10 per cent from the end of April, said the Minister. He said the 12 per cent reduction in gas prices will apply to domestic customers as well as to small and medium enterprises.

The changes will apply to ESB, Bord Gáis and all customers serviced by independent suppliers.

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