Many thousands of people in Ireland have never switched electricity provider – (about 36% of households) . By switching to the cheapest electricty provider these households could save in the region of €200 in just 12 months on electricity bills.
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 other suppliers such as SSE Airtricity , Energia or Bord Gais Energy in order to get cheaper electricity prices.
The electricity switching market is very competitive, with companies regularly doing special offers, discount codes or other promotions such as cashback.
Who has the Best Electricity Deal in Ireland in December 2018 ?
We carried out a quick comparison of Electricity prices in Ireland for new customers in December 2018 and this is what we found:
For 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 is with Energia .
Energia have a special offer only available 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 €1075 in the first year. (Paying by Direct Debit). This is a saving of €206 compared to Electric Ireland’s standard rates .
From Jan 1st 2019 this is due to increase – bringing the total annual charge to €1139.
The next best deal is €1134 from Electric Ireland (5.5% discount and €150 cashback) – but they will be increasing prices from March.
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 €808 ( 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 €197 on Electric Ireland’s standard rates.
(Price rising to €850 a year from Jan 1st 2019 )
Note: If you are currently with Energia for your Electricity supply – then the best deal for medium usage households is to switch back to Electric Ireland and get €150 cashback which brings the year one price to €811 )
Best for Lower Usage :
Smaller households will use less electricity. Typical usage for a 1 or 2 person household that doesn’t use electricity for heating might be 3000kwh per year. On Electric Ireland’s standard rates – paying bills as they arrive – this would cost €778 a year.
Households could cut this bill by €122 over 12 months by switching to Energia and paying by direct debit. Even after their January 1st price increase – this will work out at €656 (including €50 cashback).
(This Offer of 29% discount and €50 cashback is only available online with Promo code CHEAPELEC at the Energia website .)
(Note: If you are not currently with Electric Ireland for your Electricity supply – then the best deal for lower usage households would be to switch back to Electric Ireland and get €150 cashback which brings the year one price to €599 )
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- especially for lower usage households.
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 1st Dec 2018