Electric Ireland (formerly ESB) used to be the only domestic Electricity Provider in Ireland – but since deregulation in 2011 many thousands of households have switched to suppliers such as SSE Airtricity , Energia or Bord Gais Energy in order to get cheaper electricity prices. Many many thousands more have never switched – and could save around €200 in just 12 months on electricity bills if they changed supplier.
The electricity switching market is competitive, with companies regularly doing special offers, discount codes or other promotions such as free thermostats or cashback.
Who has the Cheapest Electricity Deal in Ireland in October 2017 ?
We carried out a quick comparison of Electricity prices in Ireland for new customers in October 2017 and this is what we found:
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 usage we have used in this comparison.
If you have never switched supplier and you are still with Electric Ireland on standard rates – then you could save as much as €193 in just one year.
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 €779 in the first year. (Paying by Direct Debit).
All the other providers work out more expensive – including Just Energy , Bord Gais Energy , Panda Power and SSE Airtricity.
Staying on Electric Ireland’s standard rates and paying by cash/card or cheque would cost you €972 over the next 12 months. (An extra €193)
If your electricity supply is not already with Electric Ireland – then switching back to Electric Ireland will currently work out as the best overall deal over the first 12 months. They are currently giving all new/returning customers €175 cashback and a 5.5% discount – resulting in a total cost over year one of €757 for average usage. You can easily switch online at the Electric Ireland website.
See a Summary of the cheapest Electricity prices here
If you also have gas – take a look at our Dual Fuel Price Comparison
Be wary of adverts and sales people offering the “cheapest rates” or a ” 12% discount ” and “14% savings” . These discounts the energy suppliers are referring to – are usually discounts on their own standard rates.
Also be aware that standing charges are not the same across all providers – and they could be higher than other suppliers. Just because a supplier has the cheapest standard rates – it doesn’t mean there are not lower priced discounted offers from other supplier.
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 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 rput you back on their standard rates after the first year.
It only takes a few minutes – and as we have shown it can save you in the region of €200 just on electricty bills over a year.
Figures correct 2nd Oct 2017