Our price comparison shows that bill reductions of as much as €1200 can be made in just one year by switching to the deal from the cheapest electricity supplier. (Based on Average Usage)
Currently, there are 11 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 unit 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.
The prices shown are for new customers only. The prices include the VAT reduction on energy.
Any cashback offers are included in the prices.
Who is the Cheapest Electricity Supplier in Ireland?
Prices checked May 2022
The 3 Cheapest Electricity Prices
| Electricity Supplier (Cheapest First) | Price of Electricity in Year One for 4200 KwH |
|---|---|
| Energia | €1192 |
| Electric Ireland | €1202 |
| SSE Airtricity | €1214 |
Energia currently has the cheapest electricity deal. Over the first year – their 41% discount offer will work out at €1192 for average usage.
If you currently get electricity from Flogas – you could save €1200 over 1 year by switching to Energia (based on average usage).
Electric Ireland is the second cheapest at €1202 in year one. (The 1 year contract).
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 €1948.
Prepay Power would charge you €1601 in the first year.
The Most Expensive Electricity Supplier in Ireland
These are the charges for average usage customers on standard rates (not introductory discount offers).
| Electricity Supplier | Annual Electricity Bill |
| Flogas | €2403 (Most Expensive Standard Tariff) |
| Panda Power | €2171 |
| Pinergy | €1948 |
| Iberdrola | €1969 |
| Energia | €1817 |
| Bord Gais | €1726 |
| SSE Airtricity | €1675 |
| PrePay Power | €1601 |
| Electric Ireland | €1509 (Cheapest Standard Tariff) |
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