What are the Cheapest Options For Switching Both Gas and Electricity Providers in Ireland ?
Updated December 6th 2016 .
Hundreds of thousands of people in Ireland have never switched energy providers. Recent figures show that 58% of electricity customers and 53% of gas customers have never switched supplier.
For average households – changing energy suppliers could cut fuel bills by as much as €467 in just one year.
How many hours would you have to work to get €467 take home pay ? (About 40 hours 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. ( 13800 Kwh of Gas and 5300 kwH of Electricity a year .) We have assumed that the household is on the standard rate of Electricity with Electric Ireland and on the standard rate of gas with Bord Gais Energy. (The current charge for both would be €2060 a year in this scenario).
Switching to Separate Suppliers for Gas and Electricity :
The best option if you are on Bord Gais standard rates currently – is to switch your gas to Electric Ireland . In the first year this would work out at €683 in year one (includes €175 cashback). A saving of €241 in year one compared to the €924 cost on Bord Gais Energy standard rates.
If you switch to Energia for electricity through the Switcher website you will get 33% off their standard rates. (Not available directly with Energia) This would work out at €910 in the first year . A saving in year one of €226 compared to staying on Electric Ireland’s standard rates.
This combination of two new energy providers will work out at a total of €1593 in year one. A saving of €467 in year one compared to staying on standard rates with Electric Ireland and Bord Gais Energy.
If you are already with those suppliers – the next cheapest option would be to switch your electricity to Electric Ireland (€911 inc €175 cashback) and your natural gas to Flogas (€763). This would work out in the first year at €1674.
You can check Flogas prices and easily start the switch to Flogas on the useful Switcher..ie website
Switching Dual Fuel – Same Supplier :
The current best deal in this scenario , for switching both fuels to one supplier , is to switch online to Energia through the Switcher.ie website where they are giving 26% off Electricity rates and 25% off gas rates for a year.
This dual fuel bundle works out at €1737 in year one for the above usage . This is a saving of €323 in the first year compared to staying with the same providers. You can check the figures for your usage and begin the switch here.
The next best dual fuel bundle in this scenario is direct from SSE Airtricity at €1742 – a saving of €318 in year one.
Note :To get these lower prices with any of the suppliers you usually have to pay by direct debit and have online billing.
See our Electricity Price Comparison Here
The main message is – if you are have never switched and are still on the standard rates from Electric Ireland or Bord Gais Energy – then switching provider can save you significant amounts of money. Even staying with the same supplier and changing over to payment by direct debit and electronic billing can get you a reduced price. Even if you switched supplier couple of years ago – it could be worth switching again. After 12 months most discounted offers end and you go back on higher rates. You should treat energy supply like car insurance – shop around when the 1 year contract is over and get a better deal. It only takes a few minutes to fill a form in and it could save you a few hundred euro.
Switching supplier does not involve any wiring changes, pipe changes or disconnections. It just means that a different company is administering your bills. It is still the same electricity and gas coming into your house.
Figures were calculated to the nearest euro Dec 5th 2016 using published tariffs and standing charges on suppliers websites and including VAT, the PSO Levy on Electricity and Carbon Tax on Gas.
The prices given are for new customers only .
How to Switch
When you switch electricity suppliers you will need your MPRN . This is an 11-digit number printied on your electricity bill. If you don’t have it, you can get it by calling ESB Networks on 1850 372 757.
If you’re switching gas suppliers they will need your GPRN . This is a 7-digit number printied on your gas bill. If you don’t have it, you can get it by calling Gas Networks Ireland on 1850 200 694.
You can make things easier by using an online energy switching site such as Switcher to compare prices for your personal fuel usage . Sometimes they have exclusive offers that are better than what you would get by going direct to the energy companies.
Important : the comparison sites don’t include cashback offers in their calculations – but they do mention them. So make sure you don’t miss out on the best deals by manually adding any cashback offers onto the total savings to work out the cheapest deal for you.
You could obviously save even more money on your electricity bills by just cutting your energy usage . For example – switching any halogen downlighters to Gu10 LED Low Energy Bulbs (Savings as much as 90% compared to Halogen 50 watt!)
Insulating your home can also cut your energy bills – see our article about grants for insulation.