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A round up of all the latest energy, telecoms and money news to keep you informed and on top of your finances.
CRU announces moratorium on energy disconnections this winter
29/09/2023: The energy regulator has announced a temporary ban on gas and electricity disconnections for all customers this winter.
The moratorium will be extended from December 1st this year until January 31st, 2024. Vulnerable customers will be protected for longer, from October 1st to March 31st, 2024.
Other CRU protections this winter include extended repayment periods, reduced debt burden on Pay-as-you-go, better value on financial hardship meters and greater promotion of the vulnerable customer register.
Bord Gáis Energy cuts unit rates and standing charges
20/09/2023: Bord Gáis Energy is the latest big supplier to cut its prices.
Energy prices for gas and electricity customers will drop by 15.5% from November 9th, while standing charges on both fuels will also be reduced by 15.5%.
This means a typical dual-fuel customer will save up to €631 per year on their bill.
Flogas drop gas and electricity rates by 30%
15/09/2023: Flogas have announced a 30% reduction to their electricity and gas rates, as well as a drop to their standing charges.
Dual fuel customers will see an annual decrease of €1,673 on the average, standard rate bill, electricity customers will see a reduction of €895, while gas customers will save €778.
The changes will take effect from November 6th.
PrepayPower latest supplier to cut prices
14/09/2023: Pay-as-you-go energy supplier PrepayPower are the latest company to drop rates.
Electricity rates will decrease by 12.8%, while gas will go down by 13.5%. The cuts will take effect on November 1st.
The company said it will mean a saving of around €435 a year for a typical dual-fuel customer, while a typical electricity customer could save €223 in a year on their bill.
iPhone 15 launches in Ireland
13/09/2023: Apple has launched its new flagship iPhone 15 series. The new iPhone offers a range of innovations, including a 48MP Main camera, a powerful A17 Pro chip and USB‑C connectivity. The Phone 15 Pro and Pro Max showcase a minimal titanium chassis for a super lightweight but tough build.
The launch took place on 12 September, with pre-orders available on 15 September from mobile networks and the Apple website. Shipping will start on 22 September.
Electric Ireland cut gas and electricity prices
07/09/2023: Electric Ireland has announced a cut to electricity and gas prices by 10% and 12%, respectively, from 1 November 2023.
The reduction of unit rate and standing charges equates to a saving of €17.67 per month on the average electricity bill and €18.06 per month on the average gas bill.
Annually this could mean savings of around €212.06 for electricity customers and €216.67 for gas customers based on the Estimated Annual Bill (EAB). For Electric Ireland’s dual fuel customers, this means a combined annual reduction of €428.74.
Energia first large provider to reduce prices
01/09/2023: Energia is the first large energy supplier to drop its prices.
From October 3rd, smart electricity and dual fuel customers will see a 20% decrease in unit rates - meaning an average annual saving of €357 for electricity customers, and €682 for customers who use duel fuel.
Standard electricity customers will see a reduction of 15% on unit rates or an average of €305 per year, based on the average annual bill.
Avant Money mortgage rates increase by 0.25%
01/09/2023: Avant Money will increase mortgage rates by 0.25% this Monday, September 4th. Those who have been approved a deal have until September 29th to draw down their mortgage at existing rates. The non bank lender’s variable rates will increase by 0.25% while its three, four and five year short-term fixed rates will rise from 0.15%-0.25%. Longer term fixed rate products are unchanged with rates starting at 3.95%.
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