Cheapest Electricity Prices Ireland

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

electricity comparison

12 thoughts on “Cheapest Electricity Prices Ireland

  1. I have a small home in Donegal which is empty as I live and work in the UK. The only things in use are the boiler which comes on twice a day to heat the place, perhaps 4 or 5 hours in total. Other than that my mother would be there once a week to check on the place, maybe have a brew and watch some TV. I just got a bill from Electric Ireland for 153.32 for what is essentially an empty house. The last bill was 78.83, which I wasn’t particularly impressed with either. The bill was around 60 euros when I first bought the place over a year ago, which I still thought was kinda steep for an empty house. Can somebody please recommend another supplier who isn’t going to keep ripping me off.

    • Hi Paddy
      It sounds about right if your boiler pump is running for 4 or 5 hours a day. They can use about 1 unit an hour. Add on the kettle and TV – and it soon adds up. Of course the standing charge , PSO levy and VAT make up a sizeable chunk.
      Based on a total annual bill of say €750 with Electric Ireland – you couls cut this by about €120 over 12 months. But you will need to chaeck again in a year to see who is cheaper then. Put your figures in the Switcher website to see the savings. ( I used 3000kwh per year for you)

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