What are the Cheapest Options For Switching Both Gas and Electricity Providers in Ireland ?
Updated August 8th 2018 (Takes account of latest price increases due from Aug and changes to some of the cashback offers)
Hundreds of thousands of people in Ireland have never switched energy providers. Recent figures show that around half of all electricity and gas customers have never switched supplier.
Of those that have switched to get a cheaper deal – 51% have just gone back on the default standard rates after the discounted rate ended.
Our latest Electricity and Gas Price comparison shows that, for average usage households , switching energy supplier could cut energy bills by as much as €386 in just one year.
Question : How many hours would you have to work to earn €386 in take home pay ? (Answer: About 30 for someone on €28k a year).
Note: The price comparisons below are based on what might be typical usage in a medium sized house, using gas for both heating and hot water. ( 11000 Kwh of Gas and 4200 kwH of Electricity a year .)
These figures take into account all the recent August price increases by the energy companies.
We have assumed that the household is currently on the standard rate of Electricity with Electric Ireland and on the standard rates for gas with Bord Gais Energy. The total charge from August for both fuels would be €1888 in the next 12 months – if paying bills as received ,not by direct debit.
Switching Dual Fuel – Same Supplier :
1.The best value switching deal for a dual fuel bundle in this scenario is from Panda Power only through the Switcher website . This Panda Power offer is with 28% off both gas and electricity rates. This will work out at €1502 over one year (taking account of Aug 1st increases). A saving of €386
2. The second best price for dual fuel is on the Energia website using the promo code CHEAPDUAL . You will get €50 cashback and 29% off their standard electricity rate and 28% off gas rates for a year. This deal will work out at €1541 in the first year – a saving of €345. (Based on prices from Aug 1st)
Switching to Separate Suppliers for Gas and Electricity :