What are the Cheapest Options For Switching Both Gas and Electricity Providers in Ireland ?
Hundreds of thousands of people in Ireland have never switched energy providers. Recent figures show that more than half of electricity and gas customers have never switched supplier.
Doing a comparison of Electricity and Gas Prices shows that for average households – switching energy supplier could cut energy bills by as much as €425 in just one year.
Question : How many hours would you have to work to earn €425 in take home pay ? (Answer: About 40 hours 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 .)
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 current charge for both fuels would be €1725 a year in this scenario if paying bills as received ,not by direct debit.
Switching Dual Fuel – Same Supplier :
The best switching deal for a dual fuel bundle in this scenario 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.
This deal will work out at €1378 in the first year – a saving of €348 .
The next best offer is from SSE Airtricity at €1408 in year one . A saving of €318 . This is their 10% discount offer with €200 cashback. Available via Switcher.ie
A new supplier – Just Energy – has a fixed price option at €1462 in year one which might be worth considering to avoid any potential gas or electricity price rises in the next 12 months. See more about Just Energy here
Switching to Separate Suppliers for Gas and Electricity :
The best option, if you are currently on Bord Gais standard rates , is to switch your gas over to Electric Ireland . In the first year this would work out at €527 (this includes €175 cashback offer ). This is a saving of €228 in year one compared to the €755 cost on Bord Gais Energy standard rates.
Other prices – Just Energy €607 ; Flogas €614 )
If you switch to Energia for electricity through their website using the promo code “CHEAPELEC” you will get 29% off their standard rates plus €50 cashback. This would work out as the lowest priced deal over the first year, at €773 . This would be a saving in year one of €197 compared to staying on Electric Ireland’s standard rates.
This combination of two separate energy providers will work out at a total of €1300 in year one. A saving of €425 in year one compared to staying on the standard rates with Electric Ireland and Bord Gais Energy.
Alternatives: – If you are already with Energia for Electricity and with Electric Ireland for your Gas – then the cheapest option would be to switch your electricity to Electric Ireland (€733 inc €175 cashback) and your natural gas to Just Energy (€607). This would work out in the first year at a total of €1340 .
You can check other supplier prices for your usage on the 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 are 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 1 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 1st 2017 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.
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.