Our price comparison shows that bill reductions of up to €630 can be made in just one year by switching to the deal from the cheapest electricity supplier.
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 cashback 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.
We have compared electricity charges over the first 12 months with those of a household currently paying Electric Ireland’s standard rates (€1196). Cashback offers included.
Who is the Cheapest Electricity Supplier in Ireland?
Prices checked Sept 1st 2021
The 3 Cheapest Electricity Prices
| Electricity Supplier (Cheapest First) | Price of Electricity in Year One for 4200 KwH | 1st Year Savings |
|---|---|---|
| Bord Gais Energy | €910 | €286 |
| Electric Ireland (1 year contract) | €921 | n/a |
| Energia | €925 | €271 |
| Electric Ireland Standard Rates | €1196 | 0 |
Bord Gais Energy has the lowest price in year one for average usage (€910)
Electric Ireland’s 1 year EnergySaver deal works out at €921 in year one and is currently the second cheapest electricity deal for average usage.
If you are already with Electric Ireland – then Energia has the cheapest electricity deal for switchers. Their deal with €35 cashback, works out at €925 in year one. (For average usage). This deal is only available here on the Energia Website
Be aware that the 2-year contract from Electric Ireland may look cheaper – but when their €230 cashback is spread over the 2 years, the year one price actually works out at €1031. (Cashback has to be returned if you leave within 2 years)
More Electricity Prices
| Electricity Supplier | Price of Electricity in Year One for 4200 KwH | 1st Year Savings |
|---|---|---|
| SSE Airtricity | €1015 | €181 |
| Glowpower | €1068 | €128 |
| Panda Power | €1112 | €84 |
| Iberdrola | €1231 | €35 |
| Bright | €1235 | 39 |
| Electric Ireland Standard Rates | €1196 | 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 ,PSO Levy and any cashback offers.
The prices shown above are 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.
You can see an electricity price comparison for rural tariffs here.
Prepaid Electricity Meters
If you are on a prepay electricity meter with Pinergy the cost in year one for average usage would be €1618.
Prepay Power would charge you €1368 in the first year.
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 – ( 4200 units in a year.)
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 €200 to €300 in one year by changing your electricity 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
More Money Saving Tips here
Information about Grants for Heat Pumps