Many thousands of people in Ireland have never switched electricity provider – (about 36% of households) . By switching to the cheapest electricty provider, these households could save ,on average ,€220 in just 12 months on electricity bills.
Electric Ireland (formerly ESB) used to be the only domestic Electricity Provider in Ireland – but since deregulation in 2011 , thousands of households have switched to other suppliers such as SSE Airtricity , Energia or Bord Gais Energy in order to get cheaper electricity prices.
The electricity switching market is very competitive, with companies regularly doing special offers, discount codes or other promotions such as cashback.
Who has the Best Electricity Deal in Ireland in February 2019 ?
We carried out a comparison of Electricity prices in Ireland for new customers in February 2019 and this is what we found:
For Higher Usage:
Electricity usage will be higher in larger homes with 4 or more occupants – and also in smaller households that use only electricity for heating and hot water. Electricity consumption figures of 6000 kwH per year would be possible for higher usage households .
The best best switching deal for higher usage homes is with Energia . The have a special offer only available through the Energia website. You need to enter the promo code CHEAPESTFUEL and this will get you 35% off their standard electricity rates for 12 months and €50 cashback .
This will work out at €1063 in the first year. (Paying by Direct Debit). This is a saving of €227 compared to Electric Ireland’s standard rates .
The next best deal for usage of 6000KwH works out at €1092 in year one. It is available from Electric Ireland (SuperSaver offer) . (But they are expected to be increasing prices from March or April.)
For medium sized homes that use gas , oil or solid fuel to provide heating and hot water , an annual electricity usage of about 4200 Kwh a year would be typical. (This is the average national usage.)
The best deal currently would be to switch your electricity to Energia . This offer works out at €798 ( with a 34% discount and €50 cashback) and is only available online with Promo code CHEAPESTFUEL at the Energia Website.
This is a saving of €198 on Electric Ireland’s standard rates.
Note: If you are currently with Energia for your Electricity supply – then the best deal for medium usage households is to switch back to Electric Ireland with a year one price of €808 on their SuperSaver offer . (But be aware they are expected to increase prices after February 2019 .)
Best for Lower Usage :
Smaller households will use less electricity. Typical usage for a 1 or 2 person household that doesn’t use electricity for heating might be 3000kwh per year.
If you are not currently with Electric Ireland for your Electricity supply – then the best deal for lower usage households would be to use Switcher.ie to switch to Electric Ireland and go for their €150 cashback offer . This will work out as a year one price of €596 for 3000kwh. (but they are expected to increase prices sometime after February .)
The next best deal is to switch to Energia . This will work out at €621 (including €50 cashback). (This Offer of 35% discount and €50 cashback is only available online with Promo code CHEAPESTFUEL . This special offer is only available online through the Energia Website.
In all cases – after the first 12 months , households should look into switching again to obtain the best deal.
See a Summary of the cheapest Electricity prices here
If you also have gas – take a look at our Dual Fuel Price Comparison
Cashback offers are not included in comparison sites calculations – but we include them. So don’t assume the cheapest deal shown on the comparison sites are actually the best available. Cashback offers can often make a very big difference to the overall cost- especially for lower usage households.
You should really think about switching your energy supplier every 12 months to take advantage of all these special offers – otherwise most providers will just put you back on their standard rates after the first year.
It only takes a few minutes – and as we have shown it can easily save you in the region of €200 just on electricty bills over a year.
Figures correct 2nd February 2019