It may be cold and snowy outside but competition in the electricity market is heating up with the launch of Electric Ireland's new SuperSaver tariff.
Electric Ireland has thrown down the gauntlet to the rest of the energy providers with the launch of its new SuperSaver tariff, just in time for the peak winter months, when electricity demand normally soars.
What are the charges?
The unit rate for electricity is now just 15.79 cent per kWh and the annual standing charge is just €97.26 for urban customers on a 24-hour meter, which is super competitive.
Both prices include VAT at 13.50%.
Anything else I need to know?
The SuperSaver tariff is only available to electricity customers, so you’ll need to go elsewhere if you want gas.
To get this plan you must also sign up for online, paperless billing and agree to pay by Direct Debit.
There’s a one-year contract (as is pretty much standard) after which you’ll roll over onto Electric Ireland’s 5.50% discounted rate, unless you decide to switch again.
The plan is also only available to new customers and you can only sign up online through sites like bonkers.ie.
Is this tariff right for me?
This tariff is super competitive however it’s only available to electricity customers.
If you have gas and prefer the convenience of getting your gas and electricity from the same supplier and therefore only having one energy company to deal with and one direct debit payment, the tariff may not be right for you.
The plan is also only available to new customers, so if you're an exisitng customer of Electric Ireland, it's tough luck!
Finally, some of the larger energy companies also have great rewards schemes.
For example Bord Gáis lets you convert Tesco Clubcard points into money off your bills, with €5 or €10 worth of points getting you €10 or €20 off your bill i.e. double! You also earn Clubcard points every time you pay your bill.
Electric Ireland lets you convert SuperValu Real Rewards points into money off your bill in a similar way, while SSE gives you up to 20% off passes to Dublin Zoo.
So if you feel you get good value from the scheme you currently enjoy, be sure to consider this too before you switch.
Compare all deals on bonkers.ie
If you are thinking of switching, be sure to compare all deals from all suppliers before you make any decisions to make sure that you’re getting the best deal for your own personal consumption habits.