What are the Cheapest Options For Switching Both Gas and Electricity Providers in Ireland March 2017
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.
Doing an Electricity and Gas Price Comparison shows that for average households – switching energy suppliers could cut fuel bills by as much as €442 in just one year.
Question : How many hours would you have to work to earn €442 in take home pay ? (About 39 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. ( 11000 Kwh of Gas and 4200 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 €1702 a year in this scenario if paying bills as received not by direct debit).
Switching Dual Fuel – Same Supplier :
The best switching deal for a dual fuel bundle in this scenario is with SSE Airtricity at €1403 in year one – a saving of €299 in year one. This is their 10% discount offer with €180 cashback. Available via Switcher.ie
Switching to Separate Suppliers for Gas and Electricity :
The best option, if you are currently on Bord Gais standard rates , is to switch your gas over to Electric Ireland . In the first year this would work out at €525 in year one (includes €175 cashback). This is a saving of €231 in year one compared to the €756 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 €770 in the first year . A saving in year one of €177 compared to staying on Electric Ireland’s standard rates.
This combination of two separate energy providers will work out at a total of €1295 in year one. A saving of €407 in year one compared to staying on the standard rates with Electric Ireland and Bord Gais Energy.
Alternatives: – If you are already with Energia for Electricity and Electric Ireland for Gas – then the cheapest option would be to switch your electricity to Electric Ireland (€733 inc €175 cashback) and your natural gas to SSE Airtricity (€562 including €120 cashback). This would work out in the first year at €1295 – a saving of €442 in year one compared to staying with current suppliers on €1737.
You can check other supplier prices and easily start the switching process on the useful Switcher.ie website
Note :To get these lower prices with any of the suppliers you will usually have to pay by direct debit and have online billing.
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.
You should try and 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 euros each year.
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 March 22nd 2017 using published tariffs and standing charges on suppliers websites and including VAT, the PSO Levy on Electricity and Carbon Tax on Gas. Cashback offers included in calculations.
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.ie to compare prices for your personal fuel usage . Sometimes they have exclusive offers that are even better than what you can 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.