A new company entered the Irish residential electricity market in July 2020. The entry of Bright into the market means there are now 12 national suppliers of Irish residential electricity .
Bright say they will have a specially designed app and will offer just one tariff and 100% green electricity.
They also say there are no ties in or exit fees. Most other providers charge around €50 if you leave before the end of a 12-month contract.
Are Bright Energy the Cheapest ?
At the time of writing – Bright Energy had an Electricity tariff that works out at €876 in year one based on average electricity usage.
This is very competitive pricing, but it is not as cheap as the best electricity deal from Energia.
Energia has the lowest priced Electricity deal for new customers.
For average usage, their deal will work out at €845 in year one- (including their €35 cashback). You can only get this offer using promo code ELECTJUNE on the Energia Website
(The figure includes the Energia price increases due in April)
However – the Energia tariff will revert to the standard charges after a year. Bright do not have introductory offers.
See our Electricity Price Comparison page for more information.
Bright is the trading name of Evermore ES Ltd which is based in Belfast.
Ciaran and Stephen Devine started Bright . They have been operating in the renewable energy sector for many years, in partnership with garage forecourt retailer, Maxol.
The energy market in Ireland is very competitive with 12 firms for householders to choose from. After the deregulation of the Electricity Market in 2011, several companies have tried to attract customers away from Electric Ireland (previously ESB). It can be a difficult task as Canadian energy company, Just Energy , discovered. They pulled out of the residential market in 2019 , less than two years after launching in Ireland.
In the UK several of the smaller, newer energy suppliers went bust in recent years. There were 8 in 2019 alone and 16 overall.