The electricity switching market in Ireland is very competitive, with suppliers regularly doing special offers, discount codes or other promotions such as cashback. Many thousands of people in Ireland have never switched electricity supplier – (about 36% of all households) . By comparing electricity prices and switching to the cheapest deal, those households could save, on average, €206 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 Energia , SSE Airtricity or Bord Gais Energy in order to get cheaper electricity prices.
Who has the Best Electricity Deal in Ireland in January 2020 ?
We carried out a comparison of Electricity prices in Ireland for new customers at the start of 2020 and this is what we found:
(Over 1st Year)
|High (6000kWh)||Energia - €1091||SSE Airtricity : €1111|
|Medium (4200 kWh)||Energia - €829||Electric Ireland: €838|
|Low (3000 kWH)||Electric Ireland Cashback Offer : €616||Energia €655|
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 per year would be possible for higher usage households.
The best switching deal for higher usage homes is with
This will work out at €1091 in the first year. (Paying by Direct Debit).
This is a saving of €300 in year
For medium-sized homes that probably 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 switch your electricity supplier to Energia . This offer works out at €829 ( with a 1 year 36% discount) and is only available online with Promo code CHEAPESTFUEL at the Energia Website. This is a saving of €206 compared to Electric Ireland’s standard rates.
If you are already with Energia – then the best deal for medium usage is from Electric Ireland at €838 in year one
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.
If you are not currently with Electric Ireland for your Electricity supply – then the best deal for lower usage households would be to use Switcher.ie to switch to Electric Ireland and go for their €150 cashback offer . This will work out as a year one price of €616 for 3000kwh.
The next best deal is to switch to Energia online with Promo code CHEAPESTFUEL at the Energia website.
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 other comparison sites calculations – but we include them. So don’t assume the cheapest deal shown at the top 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 €250 just on electricity bills over a year.
Figures correct 2nd January 2020