What are the Cheapest Options For Switching Both Gas and Electricity Providers in Ireland ?
Updated October 28th 2018
Our latest Electricity and Gas Price comparison shows that, for average usage households , switching energy supplier could save as much as €340 in just one year.
(Someone on €28k a year would you have to work about 30 hours to earn €340 in take home pay .)
Hundreds of thousands of people in Ireland have never switched energy providers. Recent figures show that around half of all electricity and gas customers have never switched supplier.
Of those that have switched to get a cheaper deal – 51% have just gone back on the default standard rates after the discounted rate ended.
Note: The price comparisons below are based on what might be typical usage in a medium sized house, using gas for both heating and hot water. ( 11000 Kwh of Gas and 4200 kwH of Electricity a year .)
We have assumed that the household is currently on the standard rate of Electricity with Electric Ireland and on the standard rates for gas with Bord Gais Energy. The total charge for both fuels would be €1823 in the next 12 months – if paying bills as received ,not by direct debit.
Switching Dual Fuel – Same Supplier :
- The best price for switching both fuels is on the Energia website using the promo code CHEAPDUAL . You will get €50 cashback and 29% off their standard electricity rate and 28% off their gas rates for a year. This deal will work out at €1483 in the first year – a saving of €340.
- If you are not already with Electric Ireland – the best value switching deal for a dual fuel bundle will be from Electric Ireland . With a €200 cashback offer – it works out at €1473 over the first year.
Switching to Separate Suppliers for Gas and Electricity :
The lowest priced option for switching your gas , if you are currently on Bord Gais Energy’s standard rates , or with any other supplier, is to switch your gas over to Electric Ireland . In the first year this would work out at €680 (this includes €75 cashback offer ). This is a saving of €137 in year one compared to the €817 cost on Bord Gais Energy standard rates.
Other prices – Flogas €702 ; Just Energy €719 (Fixed rates for 2 years) ; Panda €710
The cheapest electricity switching deal for Electric Ireland customers is currently available from Energia at €808 in year one 29% off and €50 cashback). Available only on the Energia website with promocode CHEAPELEC .This would be a saving in year one of €197 compared to staying on Electric Ireland’s standard rates. (€1005)
If you are already with Energia for Electricity – then the €150 cashback offer from Electric Ireland for new electricity customers will work out as the best deal for you at €811 in year one.
The combination of the two cheapest separate energy providers (Energia for Electricity and Electric Ireland for gas) works out at a total of €1488 in year one. But – switching both fuels to Energia on the Energia website using the promo code CHEAPDUAL will still work out slightly lower at €1483 in the first year
As mentioned earlier – if you are not already with Electric Ireland – the best deal for a dual fuel switch is from Electric Ireland . With €200 cashback . It works out at €1473 over the first year.
Note :To get these lower prices with any of the suppliers you will usually have to pay by direct debit and have online billing.
The main message is …. if you have never switched and are still on the standard rates from Electric Ireland or Bord Gais Energy – then switching provider can save you significant amounts of money.
You should try and treat energy supply like car insurance – shop around when the one year contract is over and get a better deal. It only takes a few minutes to fill a form in and it could save you a few hundred euros each year.
Switching supplier does not involve any wiring changes, pipe changes or disconnections. It just means that a different company is administering your bills. It is still the same electricity and gas coming into your house.
Figures were calculated to the nearest euro October 28th 2018 using published tariffs and standing charges on suppliers websites and including VAT, the PSO Levy on Electricity and Carbon Tax on Gas. Cashback offers included in calculations.
The prices given are for new customers only .
How to Switch
When you switch electricity suppliers you will need your MPRN . This is an 11-digit number printed on your electricity bill. If you don’t have it, you can get it by calling ESB Networks on 1850 372 757.
If you’re switching gas suppliers they will need your GPRN . This is a 7-digit number printied on your gas bill. If you don’t have it, you can get it by calling Gas Networks Ireland on 1850 200 694.
Important : the comparison sites don’t include cashback offers in their calculations – but they do mention them. So make sure you don’t miss out on the best deals by manually adding any cashback offers onto the total savings to work out the cheapest deal for you.
You could obviously save even more money on your electricity bills by just cutting your energy usage . For example – switching any halogen downlighters to Gu10 LED Low Energy Bulbs (Savings as much as 90% compared to Halogen 50 watt!)
Insulating your home can also cut your energy bills – see our article about grants for insulation.