A few weeks ago Electric Ireland and PrePayPower both announced that they'd be increasing their gas and electricity prices having frozen them over the winter months. Well unfortunately those changes come into effect on Monday so here’s how to beat the price increases!
What’s changing
From Monday 1st April Electric Ireland will increase its gas and electricity prices by 4% each while PrePayPower will increase its prices by 3.9%.
For Electric Ireland the increases will add around €38 a year (incl. VAT) to the average customer’s electricity bill and €30 a year (incl. VAT) to the average gas bill. Meanwhile PrePayPower customers will see their electricity and gas increase by around €50 and €35 respectively a year.
While it might not seem like a lot, it comes on the back of further price increases from both suppliers last year which added well over €100 to the average annual energy bill.
How can I beat the price increase?
There are three ways you can offset next week's price increases and save money on your energy bills:
- Pay less for your energy by switching to a cheaper energy supplier
- Use less energy by monitoring your consumption
- Make energy efficiency improvements around your home
Switching suppliers is the quickest and easiest way to save money. That's because energy suppliers offer whopping discounts of up to 40% to new customers.
Right now you could save up to €400 a year on average on your energy costs just by comparing and switching your gas and electricity suppliers. So why not give it a go right now with our energy price comparison service.
Another way to lower your energy bills is to consume less. You can do this by figuring out which appliances in your home use the most energy and then looking for ways to reduce your consumption.
Using smart thermostat and heating control systems like the Hive, Nest and Climote are great for this and will provide you with valuable insights into your energy usage, where you can achieve savings as well as allowing you to control your heating from outside the home.
Also installing LED lightbulbs, which use up to 90% less energy than a standard light bulb, will save you money too.
Finally you can look at ways to make your home more energy-efficient. For example putting in solar panels or installing attic or wall insulation. And the good news is that there are lots of grants available from the SEAI (Sustainable Energy Authority of Ireland) to help cut down on costs.
Get switching
Don’t put up with rising prices. Switch suppliers with bonkers.ie today and start saving.
It’s easy. It’s free. It’s bonkers.ie!
