Cheapest Electricity Provider

Many thousands of people have never switched electricity provider  – (about 36% of households)  and  these people could save in the region of €200   in just 12 months on electricity bills if they changed supplier.

Electric Ireland  (formerly ESB)  used to be the only domestic Electricity Provider  in Ireland – but since deregulation in 2011 , thousands of households have switched to suppliers such as  SSE Airtricity , Energia or Bord Gais Energy  in order to get cheaper electricity prices.

The electricity switching market is competitive,  with companies regularly doing special offers, discount codes or other promotions such as cashback.


Who has the Best Electricity Deal in Ireland in September 2018 ?

We carried out a quick comparison of Electricity prices in Ireland for new customers in September  2018 and this is what we found:

Higher Usage:
Electricity usage will be higher in larger homes with 4 or more occupants –  and also in smaller households that use only electricity for heating and hot water.  Electricity consumption figures of 6000 kwH or more per year would be possible for higher usage households . The current best switching deal for someone using these amounts of electricity would be with  Energia .

Energia  have a special offer only available online through the Energia website. You need to enter the promo code CHEAPELEC and this will get you 29% off their standard electricity rates for 12 months and  €50 cashback .
This would work out at €1138 in the first year. (Paying by Direct Debit).  This is a saving of €208 compared to Electric Ireland’s standard rates .


Medium Usage
For medium sized homes that use gas , oil  or solid fuel to provide heating and hot water ,  an annual electricity usage  of about 4200 Kwh a year would be typical. (This is the average national usage.)
The best deal currently would be to get your electricity direct from  Energia  . This offer works out at €865 ( with a  29% discount and €50 cashback) and is only available  online with Promo code CHEAPELEC at the Energia Website
This is a saving of €198 on Electric Ireland’s standard rates.


Low Usage – smaller households will use less electricity. Typical usage for a 1 or 2 person household that doesn’t use electricity for heating – would be 3000kwh per year. On Electric Ireland’s standard rates – paying bills as they arrive – this would cost €835 a year. You could cut this by €156 in the first 12 months by switching to SSE Airtricity (€679 including €135 cashback).

(Note: If you are not currently with Electric Ireland for your Electricity supply – then the best deal for lower usage households is to switch back to Electric Ireland and get €150 cashback which brings the year one price to €654


In all cases – after the first 12 months , households should look into switching again to obtain the best deal.

See a Summary of the cheapest Electricity  prices here

If you also have gas – take a look at  our  Dual Fuel Price Comparison 

 
Cashback offers are not included in comparison sites calculations – but we include them. So don’t assume the cheapest deal shown on the comparison sites are actually the best available. Cashback offers can often make a very big difference to the overall cost.


You should really think about switching your energy supplier every 12 months to take advantage of all these special offers – otherwise most providers will just put you back on their standard rates after the first year.
It only takes a few minutes – and as we have shown it can easily save you in the region of €200 just on electricty bills over a year.

Figures correct  15th Sept  2018

electricity comparison

 

Amazon Prime for Students : 6 Months Free

Third Level students in Ireland can now get a 6 months FREE trial of Amazon Prime.
If you are a student and you use Amazon – this is a great deal.
On the Student Amazon Prime sign up page – at first glance it looks like it might just be for students at UK universities  – but the free trial is definitely available to students who are studying in the Republic of Ireland .  More details here.

Amazon Prime for Irish residents now includes FREE 2 day delivery to Ireland on all Prime Eligible items (and there are loads of them). No minimum order value applies.
(Free next day delivery to the UK is also included.)

After the trial is over – Prime membership will cost £3.99 per month for Students .  (This is half the normal price.) You can easly cancel the trial before the 6 months is up and you won’t have to pay anything. (Could be useful for the Christmas shopping !)

amazon prime irish students

Amazon Prime also comes with access to hundreds of free films and TV programs for streaming. The number of videos available to Irish members is not a big as it is for UK based members – but hey .. it’s free for 6 months.

Sadly – Amazon Prime in Ireland doesn’t include the FREE Prime Music … that is only for UK residents.  But Irish residents can get Amazon Music Unlimited – with a Free 1 month trial here

Non students in Ireland can get a 30 day free trial of Amazon Prime  (More about that here.)


To sign up for and use Prime Student, you must

  • be aged 18 years or older,
  • be a student enrolled in a higher education institution geographically located in the United Kingdom or the Republic of Ireland,
  • be able to provide proof of enrolment upon request,
  • have a valid academic e-mail address that contains the domain suffix  .edu.ie if you’re a student in the Republic of Ireland  or ac.uk if you’re a student in the UK

If you do not have an e-mail address containing the suffix .ac.uk or .edu.ie, you may still sign up for Prime Student via an alternative sign-up process.
They will accept a letter from your uni/college or a tuition bill for the current term (must include institution name, course details and start date, student address).
or an official acceptance letter for the upcoming term (must be printed on official institution headed paper and include student name and address, course details and enrolment date, expected graduation/completion date).

You can get Amazon Prime Student  for a maximum of 4 years

 

Euro Sterling Exchange Rate News

Euro Sterling Exchange Rate Today : September 12th 2018 11am

1 GBP = 1.121 EUR

1 EUR =  0.891 GBP

At the end of August the pound hit an 11 month low of €1.1026 against the Euro as the Prime Minister Theresa May said that a no deal exit from the EU wouldn’t “be the end of the world”.
There has been some recovery of Sterling since then   – helped by some positive figures such as UK wages increasing by 2.9% in the three months to July. The pound also received a boost from news that BoE Governor Mark Carney will extend his term to 2020.
See Today’s  Exchange Rates Here


Sterling did not perform too well overall in 2017 – at its lowest point the Pound went to just €1.08 – down from €1.31 in the month before the Brexit referendum in 2016. The highest Pound to Euro exchange rate of the past 365 days was €1.158  on 17th April 2018.


With so much  uncertainty in the currency markets at the moment –  it could get quite stressful for people or businesses planning large Euro / Sterling exchanges in the next few months.   We are in a period of rate volatility which, depending on your timescales and budget, could cause problems if you are not properly prepared.

Using a Currency Exchange specialist  can remove some of the uncertainty by allowing you to fix an exchange rate as much as 12 months in advance of your transfer.  For good deals on currency exchange for large amounts –  for personal money or for businesses – see our page on how to get the Best Exchange Rates

 

 

money transfers

You might also be interested in this information about  Transferring  Money between Ireland and the UK

If you are just looking to buy some Pounds for a holiday  – take a look at our page about the best place to buy Sterling in Ireland

 

Fuel Allowance can be paid as two Lump Sums

Anyone getting the Winter Fuel Allowance  now has the option to receive the payment in two lump sum payments . This change was announced in the Autumn of 2017 and will continue into 2018 / 2019 .

2018 Payments : The lum sum option , if chosen , will result in a payment of €292.50 in the first week of  October 2018 and another €315 in the first week of January 2019.

Previously , the Fuel Allowance has always been paid on a weekly basis  – the current rate is €22.50 per week  for 26 weeks.

It is hoped that lum sums will be more useful to allow people to get cheaper fuel by buying in bulk where possible. Oil , coal and peat are usually cheaper when bought in larger amounts.

If you got your total allowance for the 2017-2018 fuel season paid in 2 lump sums, your Fuel Allowance for 2018-2019 will automatically be paid in 2 lump sums.

If you want to switch to lump sums or a weekly payment for 2018-2019, you must fill in form CPF 1 and send it to the section that pays your primary payment before 21st September 2018.

This form is also available from your local post office, Intreo Centre or Social Welfare Branch Office. You can also text FORM FUELCHANGE followed by your name and address to 51909.

More information and application forms are available from local Intreo Centres, Social Protection Offices or online at: http://www.welfare.ie/fuel

This option is not available to people getting payments under the Rural Social Scheme, Tús, Gateway, Community Employment and Supplementary Welfare Allowance

Total expenditure on the Fuel Allowance for 2016/2017  was estimated to be €229 million, benefiting about. 376,000 households.

More about Winter Fuel Allowance and who is eligible here.

Some households could also  save hundreds of Euro by switching energy provider. Find out which provider has the best deals here