By doing a comparison of electricity prices and switching to the cheapest deal, households can still save significant amounts of money in 2023. (Over €500 a year for average usage). Prices are falling and some good deals are starting to appear.
The electricity switching market in Ireland is usually very competitive. Most energy suppliers regularly have special offers, discount codes or cashback promotions. These offers are probably going to be more common now as energy prices fall in 2023.
Figures from the CRU show that many thousands of people in Ireland have never switched electricity suppliers – (about 35% of all households). But – there are still substantial savings to be made by switching your electricity supplier.
Who has the Cheapest Electricity Deal in Ireland in November 2023 ?
On Nov 20th 2023, we did a Comparison of Electricity Prices available in Ireland for new customers on standard meters and this is what we found: (All prices take account of the VAT and PSO Levy ). (We did not include fixed-priced tariffs .)
See the figures below.
| Annual Electricity Usage | Cheapest Provider (Over 1st Year) | 2nd Cheapest Electricity Provider (Over 1st Year) |
|---|---|---|
| Very High (8000 kWh) | One Big Switch | Electric Ireland |
| High (6000kWh) | One Big Switch | SSE |
| Medium (4200 kWh) | One Big Switch | SSE |
| Low (3000 kWH) | One Big Switch | SSE |
Very High Electricity Usage
A large household with more than 5 or 6 occupants could use as much as 8000 kwh a year. This is almost double the average usage.
A deal available through One Big Switch with Yuno Energy currently has the lowest price in year one – at €2914 in year one. This price takes into account their €20 cashback.
You can register at One Big Switch for free.
Electric Ireland has the next lowest price – at €2953 in year one.
High Electricity Usage:
Electricity consumption of 6000 kwH per year might be typical for high-usage households. Generally speaking, electricity usage will be higher than average in larger homes with four or more occupants.
However, some smaller households that use electricity for both heating and hot water may also have high electricity.
A deal available with One Big Switch and newcomer Yuno Energy currently works out as the lowest price in year one – at €2247 in year one. This price takes into account their €20 cashback.
You can register at One Big Switch for free.
SSE Airtricity has the next lowest price – at €2280 in year one.
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Average Electricity Usage
For medium-sized homes that probably 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 national average usage figure.)
A deal available through One Big Switch with Yuno Energy currently has the lowest price in year one – at €1646 in year one. This price takes into account their €20 cashback.
You can register at One Big Switch for free.
SSE Airtricity has the next lowest price – at €1668 in year one.
Best for Low Electricity Usage :
Smaller households will obviously use less electricity. Typical usage for a 1 or 2 person household that doesn’t use electricity for heating might be 3000kwh per year.
A deal available with Yuno Energy through One Big Switch currently has the lowest price in year one – at €1246 in year one. This price takes into account their €20 cashback.
You can register at One Big Switch for free.
SSE Airtricity has the next lowest price – at €1261 in year one.
Switch Annually
In all cases – after the first 12 months with a supplier, households should always compare electricity prices and look into switching supplier again to obtain the best deal.
Important – If you also have natural gas you should check our Dual Fuel Price Comparison
Ultimately you should be planning on switching your energy supplier every 12 months to take advantage of all these special offers. If you don’t switch, your provider will just put you back on their standard rates after the first year.
Switching only takes a few minutes – and as we have shown it can easily save you hundreds of Euros on electricity bills over a year.
Figures correct November 20th 2023
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