What are the Cheapest Options For Switching Both Gas and Electricity Providers in Ireland ?
Updated January 8th 2019
Our latest Electricity and Gas Price comparison shows that, for average usage households , switching energy supplier could save over €350 in just one year.
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 .) The prices include any cashback offers.
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 current best price for switching both fuels is available on the Energia website using the promo code CHEAPESTDUAL .
You will get €50 cashback and 35% off their standard electricity rate and 34% off their gas rates for a year. This deal will work out at €1470 in year one.(including a €50 cashback). (You won’t get this deal with Bonkers or Switcher.)
- If you are already with Energia – then 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 . They have promised not to raise prices until March 2019. If they do raise prices by say 6% – it would bring the total annual price to about €1543 .TIP: You can switch back to Energia as soon as you get the €200 cashback from Electric Ireland . You will need to pay a €100 exit fee – but you will still be €100 up.
Switching to Separate Suppliers for Gas and Electricity :
The current 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.
Electric Ireland have promised not to raise prices until at least March 2019.
Other prices – Flogas €746 ; Just Energy €708 (Fixed rates for 1 year) ; Panda €784
The cheapest electricity switching deal in January 2019 for Electric Ireland customers is currently available from Energia at €807 in year one (34% off and €50 cashback). Available only on the Energia website with promocode CHEAPESTELEC .
If you are already with Energia for Electricity – then switching to the €150 cashback offer from Electric Ireland will work out as the best deal for you at €811 in year one.
Tip: As soon as you get the cashback you can always switch back to Energia. A €50 early exit fee will be charged by Electric Ireland – but you will still be €100 up on the deal.
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 Jan 8th 2019 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 .
Electric Ireland say that a new customer must not have been a customer within the last 12 months. Energia don’t seem to mind if you leave and return within a few months.
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.