With most of us still stuck working and studying from home, there's no better time to look at switching energy supplier. If you're one of those who have yet to switch, then check out these three electricity deals that will help with lowering your energy costs.
The Covid-19 pandemic has forced the vast majority of Irish society to work from home, and as a direct result has seen many people’s household bills increase, and unfortunately, electricity bills have not escaped that trend with seven suppliers now having increased the cost of their residential electricity since the beginning of 2021.
As consumers begin to dissect their latest electricity bill, searching for reasons as to why it might be so high, it could also more than likely be because you haven’t switched in some time.
To help allay the bill shock brought on by Covid-19 and rising energy costs take a look at three of these money-saving electricity tariffs that are sure to make you less fearful when your bill comes through the door!
*All calculations are based on the average consumption figures provided by the CRU.
Our first electricity deal comes from one of the biggest energy providers in the country, Electric Ireland.
With its ValueSaver deal Electric Ireland is offering new customers a discount of 5.5% off its standard unit electricity rate.
When customers sign up they will also receive cashback of €210 which will be credited to your Electric Ireland account, usually by the first or second bill.
Customers can also sign up to Electric Ireland's Green Electricity deal which offers the same price discount and 100% renewable electricity, but for a slightly higher unit rate.
With the ValueSaver plan the average energy customer could save approximately €360 by switching today.
This deal comes on a standard 12 month contract with an early exit fee of €50 if you switch before your contract ends.
Next up is this electricity deal from Energia.
The Irish energy supplier is offering a heavily-discounted deal to new customers with 41% off its standard unit electricity rate.
If you sign up to this green tariff you'll also receive cashback to the value of €30. Ok, it's not that much, but you can't deny the incredible discount! The cashback comes in the form of a welcome credit and is usually deducted from your first bill.
This means that a customer using an average amount of electricity who pays a unit rate of below 22 cent (inc VAT) and a standing charge of around €169 (inc. VAT) could see themselves save almost €350 on their annual electricity bill if they switch to this deal from Energia.
With its competitive discounted unit rate of just 14.19 cent, customers could enjoy an Estimated Annual Bill of approximately €852.80 in the first year.
The plan comes on a 12-month contract with an early exit fee of €50 applying if you switch while still in contract.
Last but by no means least is none other than Panda Power, the supplier of 100% renewable electricity.
Panda Power's electricity deal is offering customers €100 cashback on their bills when they sign up to this green electricity tariff with its reasonably competitive unit rate of 17.56 cent.
The energy supplier does have a rather high standing charge coming in at €188.42 for the year, but taking into account the sizeable cashback amount, partnered with its above unit rate, customers could be paying €914.67 in year one - a saving of €287.61.
Customers should be aware that Panda Power's prices are set to increase from the end of June* so make sure to take this into consideration before signing up too!
*The increase hasn't been factored into the above results.
We've decided to take a look at just three electricity deals but remember to compare the whole market before making a decision.
And remember, if you're currently out of contract and are being charged your supplier's standard unit rate, generally speaking you'll be paying far more than you need to, so it's definitely worth your while checking how much you could save by switching with us online.
If your household consumes more kWhs than average, you’re usually going to want the lowest unit rate possible. If you use a lower than average amount of electricity then a tariff with a high cashback offer but a higher unit rate might actually work out a bit cheaper for you.
The good news is that you can compare all deals, tariffs and cashback offers across all suppliers in just minutes on bonkers.ie to find the best deal for your particular circumstances.
Before we forget, if you want to see your options for the best dual fuel deals make sure and read our post on 3 of the best dual fuel deals right now.
Use our free price comparison tool and see what you could save today.
Let’s hear from you
Have you experienced a higher electricity bill than normal due to working from home or an increase from your supplier? Let us know in the comments below and maybe we can help you out.