Comparison of Electricity Prices

Comparison of  Electricity Prices in Ireland
Figures Checked January 11th 2019

electricity comparison

There are now nine different electricity providers for Irish households – so there is plenty of competition to provide the Cheapest Electricity Switching Prices .
 

The figures shown in the electricity price comparison below are based on usage of  4200  kw/h per year. This amount of electricity usage would be typical of  a household with average electricity usage – maybe a  3 or 4 bedroomed households with  3 or 4 occupants.

We have included all the recent price increases – including the latest  one by Energia on January 1st 2019.
Electric Ireland have promised not to raise prices until at least March 2019. Bord Gais Energy and BE Energy haven’t said anything about price increases – but we expect to hear something soon.


The prices shown below are available to new customers only – paying by direct debit with paperless bills.
In the table below – the prices are compared to Electric Ireland’s standard rates  when paying bills as they arrive. We have compared the cost over the first 12 months – showing the best deal from each provider. Prices include VAT.

Supplier

Cost in 1st Year for
4200 KwH
Annual
Standing

Charge
Cent
per
Kwh
1st Year Saving
Energia
**
€807 181 14.97 €198
Electric Ireland €811 161 17.93 €194
BE energy ! €848 146 17.01 €158
Bord Gais
Energy
21% Discount
€857 159 15.48 €148
SSE
Airtricity
# #
€895 180 19.10 €110
Just Energy ^^
€950 151 18.13 €55
Panda Power €984 175 18.14 €21
Electric Ireland
Std Rates
€1005  161 18.98  0

 

Energia **  have the best deal for switchers – even after their January price increase. The figure of €807 for year one includes a 34% discount and €50 cashback.  This deal is available only on the Energia website with promocode CHEAPESTELEC .

If you are already with Energia – then the best current deal for you is to switch Electricity to Electric Ireland (€811 in year one  with a  5.5% discount and  €150 cashback . (NB: Price increase expected in March or April 2019)

Note : Electric Ireland has said they will freeze prices until at least the end of February 2019 . If they apply an increase of 6% to unit rates  – this would bring it to a total of around €857  a year including the cashback.


 ## SSE 10% discount and price includes €135 cashback

^^ Just Energy rates are fixed for 12 months.

!  BE Energy price includes an adjustment for their 1 free month of electricity. (€59 used)


( If you also have gas you should probably take a look at our Dual Fuel Comparison.)

See some more comparison figures on electricity deals here.


Prepay Meters:  If you were to use a prepay meter with Prepay Power  the average usage cost would be €1167 for the first year. With Pinergy  it would  be €1229

Note – This Electricty Price Comparison is based on the Residential 24 Hour Urban Tariff. Prices have been rounded to nearest Euro and include  VAT, Standing Charges and PSO Levy. Prices shown are for new customers only and may not be available to existing customers.

Even if you have switched supplier more than a year ago – it is probably worth your while switching again.  You should treat energy supply like insurance and every year shop around and look for the best deal.

The main energy price comparison sites are not allowed to include any cashback offers in their calculations – but our list above does include cashback offers.

The main message we want to get across is that if you have never switched electricity supplier – you could easily save around €200 over 12 months by changing provider.
Most suppliers sign you up for a 12 month contract  with an exit fee of around €50 if you leave early.
Our advice is to check the prices again after the contract is up and switch again to the cheapest option. Sometimes paying the exit fee could be worth it if a new supplier is offering a good deal.

You could also save even  more money on your electricity bills by doing things like fully loading appliances and using them less , buying  AAA rated appliances when replacing them  and switching any halogen downlighters to  LED  Low Energy Bulbs (Savings as much as 90%  compared to Halogen 50 watt! )

See Comparison of Gas Prices Here

More Money Saving Tips here