Switch & Save

01/10/2024: The Government has announced a raft of measures to help households with their energy costs this winter.

All households will receive an energy credit worth €125 by the end of the year and another payment of €125 at the start of 2025. In addition, those on qualifying benefits and those over 70 in receipt of fuel allowance could be eligible for an extra €300 lump sum.

In other budget measures, the lower rate of 9% VAT on energy bills is set to stay for another 6 months.

03/10/2024: A raft of measures to support struggling homeowners and renters has been announced as part of Budget 2025.

In this year’s Budget, it was announced that the mortgage interest tax credit (MITC) scheme has been extended for another year. This means that mortgage holders could benefit from a tax break worth up to €1,250 on their interest payments.

The Rent Tax Credit, introduced in 2022, has been increased from €750 to €1,000 or €2,000 for a couple renting.

The Help to Buy scheme for first-time buyers due to end in 2025 has now been extended until the end of 2029.

30/09/2024: AIB has announced a 0.25% reduction to its Green fixed mortgage rate and four year fixed rate for mortgages for all mortgages over €250,000.

The five year Green fixed rate mortgage is available from 3.20% and available to homebuyers with a BER rating between A1 and B3. The four year fixed rate for mortgages of €250,000 and over, now starts at 3.70%.

The new rates are available to new and existing customers from 27 September 2024.

30/09/2024: Yuno Energy is entering the gas market and will now offer dual fuel deals to complement its electricity offering.

The new tariffs available are the Dual Fuel Fixed, 12 month plan with gas at 8.23c per kWh (inc VAT) and electricity at 23.96c per kWh (inc VAT). Smart meter customers can opt for Dual Fuel Smart 12 month plan to make savings on overnight use.

16/09/2024: The European Central Bank (ECB) cut interest rates again in response to slowing inflation.

The ECB lowered its deposit rate by 0.25 to 3.5% following a similar cut in June. The refinancing rate - the rate at which mortgage lenders base their product rates - was cut by 60 basis points to 3.65% which is positive news for those with tracker mortgages and could encourage lenders to reduce their mortgage interest rates.

10/09/2024: Sky has announced the launch of Sky Mobile in Ireland.

The telecoms giant will offer SIM-only plans and mobile phone + SIM plan deals. Some SIM-only contracts will come with a Price for Life guarantee.

New devices and SIMs will be offered on separate contracts with new phones available on 24 and 36 month 0% credit agreements.

Sky Mobile will use the Vodafone network, which has 99% 4G population coverage and 5G across 26 counties in Ireland.

09/09/2024: Apple has unveiled the latest iPhone 16 range, with pre-orders available from 13 September and shipping to start on 20 September. Prices will start at €979.

The changes include a bigger display for Pro models, a new Camera Control button, three new vibrant colours and an extended battery life. The Apple Intelligence software update, iOS 18.1 will start rolling out in October, although residents in Ireland and the EU may not see the full raft of AI tools initially, due to regulatory concerns.

05/09/2024: Electric Ireland has announced a reduction in its residential electricity and gas prices, as of 1 November 2024.

Today’s announcement will see a 3% decrease in the standard unit rate for electricity and gas and a 5% decrease for Smart Meter Tariff customers. The rate decrease will see a typical dual fuel customer save €713 (including VAT) per year.

1.1 million customers will benefit from the cuts to standard and smart meter plans, the third decrease in 12 months.

All domestic electricity and gas customers on variable rates in the Republic of Ireland will have the reduced rate automatically applied to their bills from 1 November 2024.