How to save money on winter energy bills - Drivetime

Image audioImage How to save money on winter energy bills - Drivetime

With electricity prices going up from the beginning of October due to an increase in the PSO levy, many customers have also been hit by electricity price increases from their respective suppliers, with five companies having announced increases before the end of the year. 

And while an increase in the cost of energy wasn't really experienced in the summer, even with more people working from home, consumers will begin to notice a rise in their bills coming into the colder months of the year.

Our Head of Communications at bonkers.ie, Daragh Cassidy appeared on Drivetime on RTÉ Radio One to discuss the recent price increases and how switching suppliers is the best way to save up to €500.

Here’s an outline of the main points discussed by Daragh in the interview.

Recent changes

The PSO levy, which is charged to all electricity customers, is increasing by about €50 including VAT from Monday and nobody can avoid this price increase. 

On top of that Electric Ireland customers will have to put up with a 3.4% electricity price increase from Thursday, and PrePay Power customers will face a 2.9% price increase from Monday 4th October, too.

People working from home will notice the impact on their energy bills during the winter months.

Switch and save!

Are you worried about the increasing cost of energy? According to Eurostat, Ireland has the fourth-highest electricity prices in the EU. 

However, it’s possible to combat the price increases by switching. Energy suppliers are always competing for new business, so have great discounts for those who switch.

At the moment, someone who switches energy suppliers could save around €500 a year on their electricity bill.

It’s quick and easy to switch and can all be done on bonkers.ie in the space of a few minutes. Use our energy comparison tool to compare the best deals today across all 13 energy suppliers nationwide.

If you’re looking for more information on why energy prices are increasing, take a look at our recent blog post on the topic. 

Are you seeking advice when it comes to switching? Have a look at our guide on 7 things to consider when switching energy suppliers and take a look at some of the most common questions we get asked about the switching process.

If you have any questions about what was discussed in today’s radio interview, feel free to reach out to us on social media! We’re on Facebook, Twitter and Instagram.