Firmus Energy is cutting gas prices across the North of Ireland by 15.6% from April.
The company says this will save households just over £220 per year.
It is the fourth price cut for households in the Ten Towns Network area and the third reduction in Greater Belfast since December 2022.
The Utility Regulator only regulates the price tariff in the Ten Towns area.
The Ten Towns area includes Derry, Antrim, Armagh, Banbridge, Ballymena, Coleraine, Craigavon, Newry and more than 25 other towns and villages in the surrounding area.
Firmus Energy’s Chief Executive Officer Niall Martindale said: “We welcome the recent stabilisation of global gas commodity markets and remain committed to passing on savings to our customers as soon as market conditions allow us to do so.
“Since December 2022, consecutive reductions have decreased our tariffs by over 46%, representing an average household saving of £1,094.50 per year,” he added.
Director of Markets at the Utility Regulator Colin Broomfield said the reduction is primarily driven by the steady fall in wholesale energy prices.
He said: “This decrease to Firmus Energy’s regulated gas tariff is good news for consumers and follows the announcements made last week regarding decreases to the regulated tariffs of Power NI and SSE Airtricity Gas Supply.
“We welcome these recent decreases to electricity and gas bills, however we recognise that many households and businesses are still struggling with the cost-of-living crisis,” he added.
The Consumer Council’s Raymond Gormley said: “Energy prices are still well above pre-pandemic levels, and we urge anyone who is struggling to pay their energy bills or top-up their meters to contact their supplier directly for help and support.”
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