Our price comparison shows that bill reductions of up to €1000 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. Prices shown are for new customers only.
Cashback offers are included in the prices.
Who is the Cheapest Electricity Supplier in Ireland?
Prices checked December 3rd 2021
The 3 Cheapest Electricity Prices
| Electricity Supplier (Cheapest First) | Price of Electricity in Year One for 4200 KwH |
|---|---|
| Energia | €955 |
| Bord Gais | €962 |
| Electric Ireland | €1012 |
The cheapest switching deal for average electricity usage is from Energia . Their cheapest deal works out at €955 in year one. This includes cashback of €140. This deal is only available direct from the Energia website.
Bord Gais Energy has the second cheapest deal at €962 in year one.
If you are currently a customer of Panda Power , paying standard rates, you will save €1015 in year one by switching to Energia.
If you are already with Bord Gais Energy on their standard electricity rates – you could save €455 in year one by switching to Energia.
Customers of Electric Ireland paying standard rates will save €319 in year one by switching to Energia.
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 €1983.
Prepay Power would charge you €1467 in the first year.
How many units of electricity does a household use per 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 €300 to €400 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