We're all about pointing you in the right direction towards saving money and one of the best ways to save on your energy costs is to switch gas and electricity supplier regularly.
However many are daunted by the process. So we want to lift the veil and let you know just how easy it is for you to switch and save.
So here we go...
Most of Ireland’s energy suppliers put the majority of their energy (pun intented!) into hooking up new customers by giving them the cheapest deal. So why not use this to your advantage?
Nearly every supplier will give you either cashback (sometimes as much as €175) or a discount (sometimes over 30%) if you switch to them. Pretty nice, right?
But those discounts usually expire after 12 months. And what happens then? You’re bumped on to the supplier’s “standard prices”, which basically means their top price, with no discount applied.
And this is what you want to avoid.
Once you get moved onto a standard rate with your supplier, you should immediately do one of two things:
It may seem like a pain to do this every year, but a short phone call or visit to bonkers.ie and you might be able to save yourself some serious cash.
You need four pieces of information to switch energy suppliers:
You can get a better estimate of expected savings if you also know the name of your existing plan so it’s useful to have that to hand when switching as well. You can find this on a recent bill or by contacting your supplier.
With your MPRN, GPRN and recent meter reading to hand, use our energy price comparison calculator and follow the simple steps. It’ll take you no more than a couple of minutes to switch.
The amount you’ll save by switching depends on your existing plan, your consumption habits and what offers are available at the time of switching.
If you use an average amount of energy (that’s 11,000 kWh for gas and 4,200 kWh for electricity), you should save somewhere between €250 and €350 if you’re switching from standard rates to the cheapest deal on the market.
If you use more energy than the average household, you’ll probably save a good bit more than that.
The general rule of thumb is to switch suppliers every year to make sure you’re always getting the best deal available.
That being said, more and more suppliers are offering good retention deals to customers to keep them sweet for an extra year or two but these tend not to be as competitive as the deals a new customer will be offered.
It is usually a bit cheaper to get your gas and electricity from separate suppliers.
However, you might like the convenience of only dealing with one supplier for both fuels. It all depends on how much you value the efficiency of getting one bill every month, as opposed to two.
The easiest money you'll ever earn is the money that you've saved as they say. And who wouldn't like some extra hard-earned cash in their pocket?
So take the bonkers.ie Switching Challenge and start switching and saving today.
We’re Ireland’s leading price comparison and switching site. We’re free to use and make comparing prices across suppliers quick and easy!
We save you time by bringing you all the best deals in one place. Every year we help tens of thousands of customers to switch and save money!
We’re 100% impartial and are also accredited by the Commission for Regulation of Utilities (CRU) as an impartial, accurate and independent supplier of energy price comparisons.