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 €150 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 €428 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.
Cheapest Electricity 41%
Cheapest Electricity 41%
41% electricity discount
- 100% Green Electricity
- Paperless Billing
- Online account access
- 1 year contract
- Direct Debit
14.19 cent per kWh
€198.12 standing charge
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 23 cent (inc VAT) and a standing charge of around €165 (inc. VAT) could see themselves save almost €450 on their annual electricity bill if they switch to this deal from Energia.
With its competitive discounted unit rate of just 12.97 cent, customers could enjoy an Estimated Annual Bill of approximately €849.08 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 bright, the renewable electricity supplier.
Founded by brothers Ciaran and Stephen Devine, the Belfast-based energy supplier prides itself on not only providing green electricity to its customers, but also the fact that it is a technology-driven supplier whose app is specially designed to make managing and controlling household energy bills even easier.
Bright is very simple in its offering, offering just one variable tariff available to everyone. This deal also won Best Electricity Plan (New Customers) at the bonkers.ie National Consumer Awards this year.
There is no introductory discount offer as found with most other energy suppliers. But don't be dismayed at no discount, as where bright distinguishes itself from its competitors is with its everyday low unit rate of 16.15c per kWh, which won't jump up after your first year, and a super-low standing charge of €108.78 (inc. VAT) per annum, the lowest on the market.
The electricity provider's standard unit rate tracks the wholesale market, so when prices fall customers should see savings passed on almost immediately.
Customers are not tied into any contract either with this tariff from, in contrast to most other energy suppliers who make you sign up for a minimum of 12 months as seen above.
This means the average energy customer who's paying a unit rate of approximately 22c (inc VAT) would save slightly less than €400 on their electricity bill each year.
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.