It's gas what you'll save if you switch

Sinead Ryan Consumer Champion - BILLS: Energy prices are falling but you should still shop around

YOU may have thought that, finally, energy prices were beginning to drop.

And you'd be right: wholesale electricity and gas prices have come down of late, and eventually this should filter through into the bills popping through your letterbox.

Don't get too excited though. The decreases on world energy markets amount to somewhere between 4 - 8pc- so it's hardly going to pay for your holiday this year.

But if you were actually expecting a change to your outlay, don't hold your breath. The Commission for Energy Regulation (CER) has just announced a price hike in the Public Service Obligation (PSO) Levy - the bit of your bill that supports peat-burning power stations and renewables.

It's being increased by a whopping 47pc, making the two-year increase 126pc. That means you were paying €27.84 in 2012 towards this while now you'll be charged €63.01. With VAT added, it's a household outlay of €71.52 before you pay for any electricity at all.

Getting energy costs down is not something we in Ireland can control -we import the vast bulk of our supply.

However, families can at least compare different providers in this now, deregulated market. I like using bonkers.ie for comparisons as it shows individual, and bundled deals.

You could also try uSwiteh.ie and FreetoconpareJe. If you don't shop around, you'll simply find every bill higher than the last... and who can afford that? :BILLS: Energy prices are falling but you should still shop around.


Save Time & Money

Hunting for the best deal can be tricky and very time consuming. We bring the best deals to you in one place and make comparing them a cinch!


About Us

Since we launched in mid-2010, we've won multiple awards (including Best Website in Ireland) so you can rest assured you're dealing with the best.


You Can Trust Us

We show all deals with the fullest of information so you can make your choice more quickly and more easily.

By using this website, you agree to be bound by our Terms of Use and consent to the use of cookies in accordance with our Cookie Policy.