International energy crisis and household savings - Red FM
As SSE Airtricity announces its fifth price hike announcement since 2021, our Head of Communications, Daragh Cassidy spoke on Red FM about the latest price increase and how Irish consumers can tackle the energy price crisis.
He also discusses other ways people can lower their household expenses as the cost of living crisis continues.
You can listen to the interview in full by simply clicking the play button above. You can also find a summary of the key takeaways from the interview outlined below.
Key takeaways from the interview
- SSE Airtricity has announced it will increase its unit rate for electricity by 45.2% and its unit rate for gas by 46.3%.
- Over the last 18 months energy prices have increased by €1500 on average.
- The average combined energy bill has doubled, coming up at around €4000 annually now.
- These prices are expected to increase even more during the winter months.
- To tackle the energy price crisis, consumers need to shop around to find the best value gas and electricity deals on the market.
- Discounts of 30-40% are available for consumers who shop around, meaning that you could save up to €900 on your energy bills by switching.
- To lower your energy usage at home unplug appliances when not being used, put in LED light bulbs and tackle drafts for instance.
Other tips to lower your household expenses
- According to bonkers.ie mortgage holders should switch their mortgage at least once during the term of their mortgage.
- If you’re on a 4% mortgage and have €200,000 left on it, if you switch to a lower rate with Avant Money, for example, you could save over €200 a month.
- To lower your food expenses buy non-branded goods, take advantage of special offers, make a list of what you need and stick to it and lastly, learn what the normal price of an item is as then you can tell if it has gone up or not.
Switch and save
You can lower the cost of your energy bill today by on bonkers.ie