Energia is now the third supplier to announce a price freeze for its customers after Bord Gáis Energy and Flogas last month.
The last thing consumers want to hear coming into the colder autumn and winter months is that the price of the energy they use will be increasing.
Unfortunately that was the case for many residential gas and electricity customers since the beginning of October when an electricity price increase from both Electric Ireland and PrepayPower came into play.
And it wasn’t long after that a number of other energy suppliers followed suit with similar increases and to come into effect in November.
Customers of Energia can rejoice today however as the energy supplier has become the latest supplier to announce a complete price freeze for its customers until at least next year.
Energia is an independent energy supplier operating in the Republic of Ireland. It has been supplying electricity since 2000 and added gas to its offering in 2009.
It is part of the Energia Group, formerly Viridian Group, which also supplies consumers in Northern Ireland through Power NI.
Investing heavily in renewable technology across the island of Ireland, Energia generates approximately 25% of Ireland’s wind power, and provides 100% green electricity to consumers
The news in full
Gas and electricity supplier Energia, who is part of the Energia Group, has today announced that it will be freezing its residential gas and electricity prices into next year.
Energia has guaranteed its rates will remain the same throughout the autumn and winter, and up to the 31st of January 2021, which means customers won’t be subject to an increase in their energy bills during the colder period.
The renewable energy supplier will join Bord Gáis Energy and Flogas with their respective price freezes, while Flogas decreased the cost of its gas yet instigated a similar price freeze on its electricity prices for customers.
The announcement from Energia is fresh off the back of recent energy price reductions by the provider that came into effect from June 1st, with energy reductions of 3% off electricity and 12% off gas prices.
The recent price freeze will mean that both dual and single fuel customers will not lose out on the savings made from this reduction in the summer, with average savings of €122, €94, and €28 on dual, gas, and electricity respectively.
The announcement from Energia also comes on the same day in which Budget 2021 is announced in the Dáil. You can read up on how the budget will affect energy customers here, along with all the budget news in full.
Switch and save
Remember, if you’re searching for better value on your energy bills, the best option at the moment is to switch.
There’s huge competition for new customers right now among all the suppliers with discounts of over 30% on offer for an entire year in some cases, which would save the average household around €490 a year on their energy.
It’s quick and easy to switch and with more time being spent at home than ever before, energy usage in households is likely to reach record levels, meaning it’s never been more important to ensure you’re on the most competitive tariff.
Some of the terminology associated with switching can be confusing. Familiarise yourself with these 10 common terms that you might encounter so that you can switch with ease.
For information on what you need to switch energy suppliers take a look at this guide.
Let’s hear from you
Are you happy to hear the news from Energia? Do you think more energy suppliers will implement price freezes? Let us know in the comments below.