Energy Price Increases

Most of the Irish electricity and gas providers have recently introduced  price increases.

Bord Gais Energy (Part of Centrica) increased gas prices by 3.4% and standard electricity rates  by 5.9% from November 1st 2017.

SSE Airtricity increased standard  rates on electricity by 5.6% also from Nov 1st 2017

Electric Ireland  increased electricty prices  by 4% in February 2018.

Energia  increased standard electricity prices by  3.9%  on December 1st 2017

Flogas  increased gas prices by 3.3% on December 1st

We are always telling everyone that the best prices on energy can be had by switching provider.  These price increases don’t really alter things that much .

An average usage household  currently on the standard rate of Electricity with Electric Ireland and on the standard rates for gas with Bord Gais Energy. The current cost for both fuels would be €1786 a year in this scenario if paying bills as received

Switching Dual Fuel – Same Supplier : Feb 2018

The lowest prices 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  will work out at €1405  in the first year – a saving of €381 . (

The next best offer is from  SSE Airtricity at €1455 in year one . A saving of €295 . This is their 10% discount offer with €200 cashback. Available via Switcher.ie

 

In summary – the energy suppliers usually offer their very best deals to new customers , you might not agree with this – but that is how the system works.
So , if you have never switched energy supplier OR have not switched for two years or more you will get the biggest savings by going to a new supplier.

See Cheapest Electricity Deals here

See Cheapest Dual Fuel Deals here

2 thoughts on “Energy Price Increases

  1. Please note that ENERGIA price increase is NOT 3.9% as stated above and in their press statement from Dec 1st, 2017.
    It is in fact 4.62%…………….from the 1st Dec.

    • Thanks Bill ….
      According to the Energia website they said they ” will increase residential electricity prices by 3.9% from December 1st 2017. This equates to a monthly increase of €3.06 (inc VAT) and is based on the typical residential electricity customer with an electricity usage of 4,200 kWh per annum”

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