What are the Cheapest Options For Switching Both Gas and Electricity Providers in Ireland ?
Updated July 10th 2018 (Includes latest price increases from Aug )
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.
Our latest Electricity and Gas Price comparison shows that, for averag eusage households , switching energy supplier could cut energy bills by as much as €475 in just one year.
Question : How many hours would you have to work to earn €475 in take home pay ? (Answer: About 40 hours ( a full weeks wages) for someone on €28k a year).
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 .)
These figures take into account the upcoming August price increases announced by all the energy companies.
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 from August for both fuels would be €1877 a year in this scenario – if paying bills as received ,not by direct debit.
Switching Dual Fuel – Same Supplier :
1.The best value switching deal for a dual fuel bundle in this scenario is a fixed price deal from Just Energy only available through Switcher.ie. This deal works out at €1476 over 12 months – and the unit rates will not rise for 12 months. This offer will probably end soon – so be quick if you want to take advantage of it.
2. Second best price for dual fuel 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 gas rates for a year. This deal will work out at €1532 in the first year – a saving of €345.
Switching to Separate Suppliers for Gas and Electricity :
The best 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 €577 (this includes €175 cashback offer ). This is a saving of €239 in year one compared to the €816 cost on Bord Gais Energy standard rates. (All prices include August increases)
Other prices – Just Energy €626 ; Flogas €700 ;
Based on the increased prices coming into effect in August – the cheapest electricity switching deal for Electric Ireland customers is from Bord Gais Energy at €825 in year one (including €175 cashback). This would be a saving in year one of €236 compared to staying on Electric Ireland’s standard rates. (€1061)
If you are already with BGE for Electricity – then the best deal is to switch to Electric Ireland (€840 incl €175 cashback)
This combination of two separate energy providers (BG for Electricity and Electric Ireland for gas) will work out at a total of €1402 in year one. This is a saving of €475 in year one compared to staying on the standard rates with Electric Ireland and Bord Gais Energy.
You can check other supplier prices for your personal usage on the very useful Switcher.ie website
But – note that the Energia promocode and cashback offer is only available direct with Energia Online
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 July 10th 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. Prices use increases from August .
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.
You can make things easier by using an online energy switching site such as Switcher.ie to compare prices for your personal fuel usage . Sometimes they have exclusive offers that are even better than what you can get by going direct to the energy companies.
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.