Electric Ireland (formerly ESB) used to be the only supplier of Electricity 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 August 2017 ?
We carried out a quick comparison of Electricity prices in Ireland for new customers in August 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 €207 in just one year.
Energia have a special offer only available online through the Energia website. You need to enter the promo code CHEAPESTELEC and this will get you 33% off their standard electricity rates for 12 months and €30 cashback . This would work out at €740 in the first year. (Paying by Direct Debit).
Staying on Electric Ireland’s standard rates and paying by cash/card or cheque would cost you €947 over the next 12 months. (An extra €207)
If your electricity supply is not already with Electric Ireland – then switching back to Electric Ireland will currently work out as the cheapest overall deal. They are currently giving all new/returning customers €175 cashback and a 5.5% discount – resulting in a total cost over year one of €733. 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.
Figures correct 2nd Aug 2017