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NI power firm Open Electric has announced it is to cut its electricity prices by 8.6% with immediate effect.
The company, which launched last year, confirmed that the discount also applies to keypad and credit bill customers.
Open Electric said that from 01 February, its new tariff rate would be 13.39p per kWh (including VAT), a cut of 8.6% and now the cheapest available in Northern Ireland.
Open Electric Managing Director, Marc Norris, said: "We launched into a competitive market with a compelling offer of simplicity, transparency and a pledge to support our loyal customers and we are pleased to be able to announce what is a significant cut in our retail price, which will benefit customers right across Northern Ireland.
"With Open Electric, there are no confusing contract tie-ins linked to temporary discounts. We provide one simple competitive rate and a choice of free billing options. It really is that simple."
(CD)
