What are the Cheapest Options For Switching Gas and Electricity April 19th 2014:
Based on “average” usage of 13800 Kwh of Gas and 5300 kwH of Electricity a year – we have calculated the lowest annual costs from the combinations of various providers… (new customers only)
If you use separate suppliers – the cheapest option currently for switchers is to use Electric Ireland for electricity and Flogas for gas. (Both with direct debit and online billing) . Electric Ireland are currently offering €50 credit on new accounts if you sign up before the end of April – and when this is taken into account this combination of providers would work out at a total of €1860 for the first year. Note - Electric Ireland will charge €50 if you leave within 12 months. From May 1st this combination will cost over €1910 a year
Note: If you are already with Electric Ireland – you can’t get this cashback offer .
Energia have the lowest price for dual fuel when switching to them as your sole energy supplier – both fuels would cost €1920 in the first year. (It is a 1 year contract with a €100 penalty if you leave early).
Avoid : The most expensive dual fuel option we could find was from Airtricity costing €2234 for the usage shown above. ( An extra €324 a year compared to the cheapest option)
The main message is – if you are have never switched and are still on Electric Ireland’s or Bord Gais’ standard rates – then switching provider can save you significant amounts of money. Even staying with the same supplier and going with payment by direct debit and electronic billing can get you a reduced price.
Figures were calculated to the nearest euro April 19th 2014 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 .
You could obviously save even more money on your electricity bills by saving energy and – such as 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.