Our price comparison shows that bill reductions of as much as €357 can be made in just one year by switching to the deal from the cheapest provider.
February 2021
Currently, there are 12 different residential electricity suppliers in the country. As a result, it can be difficult to find out who has the Cheapest Electricity Prices in Ireland. The supplier who has the lowest rate per Kwh may not work out as the cheapest overall when standing charges and promotional offers are included.
The figures shown in our electricity price comparison are based on a household electricity usage of 4200 kWh per year. This would be typical of a 3 or 4 bedroomed household with 3 or 4 occupants.
How many units of electricity does a house use a day in Ireland?
On average – a house in Ireland will use about 12 units of electricity a day – based on 4200 units in a year.
We have compared electricity charges over the first 12 months with those of a household currently paying Electric Ireland’s standard rates (€1098).
Prices checked February 1st 2021
Who is the Cheapest Electricity Supplier in Ireland?
The 3 Cheapest Electricity Prices
| Electricity Supplier (Cheapest First) | Price of Electricity in Year One for 4200 KwH | 1st Year Savings |
|---|---|---|
| Energia | €780 | €318 |
| Electric Ireland (Cashback) | €787 | n/a |
| GlowPower | €813 | €285 |
| Electric Ireland Standard Rates | €1098 | 0 |
Energia has the cheapest Electricity deal for switchers
For average usage, their “Home” price plan works out at €780 in year one, including €35 cashback.
This is €318 cheaper than Electric Ireland’s standard rates. Use promo code ELECTJUNE to get this deal.
You can only get this offer on the Energia Website
If you are already with Energia – then the next best deal is Electric Ireland’s cashback deal that works at €787 in year one.
More Electricity Prices
| Electricity Supplier | Price of Electricity in Year One for 4200 KwH | 1st Year Savings |
|---|---|---|
| Bord Gais Energy | €832 | €266 |
| Panda Power | €850 | €248 |
| Flogas | €869 | €229 |
| Iberdrola | €870 | €228 |
| Bright | €876 | €222 |
| SSE Airtricity | €877 | €221 |
| Electric Ireland Standard Rates | €1098 | 0 |
Note – This Electricity Price Comparison is based on the kWh rate for the Residential 24 Hour Urban Tariff. Prices are rounded to the nearest Euro and include VAT, Standing Charges and increased PSO Levy and any cashback offers.
Prices shown above are usually for new customers only.
It’s important to stress that even if you have previously switched – you could save even more by switching again. After a year on a discounted rate – the energy suppliers will usually put you on their standard rates. For example :
- If you are currently with SSE-Airticity on standard rates – you will be paying €1129 a year. You could save €357 in year one by switching to the cheapest electricity deal from Energia.
- If you are a PrepayPower customer you will pay €1261 over the next 12 months for average electricity usage. This is €481 more expensive than the cheapest deal from Energia !
You can see an electricity price comparison for rural tariffs here.
Prepaid Electricity Meters
If you were on a prepay electricity meter with Pinergy the cost in on eyear for average usage would be €1271. You could save €491 in a year by switching to Energia (Paying by Direct Debit).
If you also have gas you should probably take a look at our Dual Fuel Comparison
If you are not an average user of electricity – see some more comparison figures for electricity prices here.
Switch and Save Every Year
The central message is that you can easily save around €300 to €350 in one year by changing provider.
Even if you switched electricity supplier more than a year ago – it is worth your while switching again. You should treat energy supply like insurance and shop around and look for the cheapest electricity deal once a year. Loyalty does not pay.
The main energy price comparison sites sometimes don’t automatically include cashback offers in their calculations. The figures in the table above do include all cashback offers.
Most suppliers will sign you up for a 12-month contract. You will usually be charged an exit fee of around €50 if you leave early.
Our advice is to compare electricity prices after the contract is up and switch again to the supplier with the cheapest electricity prices in Ireland. Sometimes paying the exit fee could be worth it if a new supplier is offering a very good deal.
Find some useful energy saving tips here .
Finally, if you are interested in other ways of reducing household bills – you should check the following articles.
Comparison of Gas Prices
Cheapest Broadband Deals
See more here about Average Electricity Bills in Ireland