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.
Our price comparison shows that bill reductions of as much as €352 can be made in just one year by switching to the cheapest deal.
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.
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 November 29th 2020
Which Electricity Supplier is the Cheapest 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 |
| Flogas Cashback | €780 | €318 |
| Electric Ireland (Cashback) | €787 | n/a |
| Electric Ireland Standard Rates | €1098 | 0 |
Energia has the lowest priced Electricity deal for switchers. For average usage, their deal works out at €780 in year one, including €35 cashback.
You can only get this offer on the Energia Website
If you are already with Energia – then Flogas currently have an electricity deal that also works at €780 in year one. It includes €80 cashback.
More Electricity Prices
| Electricity Supplier | Price of Electricity in Year One for 4200 KwH | 1st Year Savings |
|---|---|---|
| Panda Power | €850 | €248 |
| Glo Power | €857 | €241 |
| Iberdrola | €870 | €227 |
| Bright | €875 | €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 €349 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 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