Electricity pylon and cables in night sky

CRU Report reveals gas switching on the rise for start of 2018

Electricity switching took a dive for the first part of 2018.

The latest report from the CRU revealed that in February this year, electricity switches spiked amidst one of the coldest winters to hit Ireland in recent years.

However, electricity switching for January to March 2018 as a whole was down compared the last three months of 2017. In comparison, gas switches and dual fuel switches were on the rise at the beginning of the year.

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A dip in electricity switches

During the first three months of 2018, 79,866 customers switched their electricity supplier. This is a decrease when compared to October - December 2017, when 82,435 customers switched after seven suppliers hiked their prices at the end of 2017.

With another round of price rises announced over summer 2018, it pays to get the best value for money on your electricity as we head into the cooler months. Currently, you could save up to €156 when you switch from a standard tariff to the cheapest deal on the market.

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Gas switching on the rise

Gas switching was on the rise once again with 35,332 switches taking place over the first three months of 2018. This is an increase on the previous quarter (October - December 2017) where 31,502 customers changed supplier. Similar to electricity, gas switches peaked in February when the Beast from the East rolled into Ireland, with 12,288 switches occurring over the month.

There are savings to be had by switching your gas if you haven’t done so in the past year - with the difference between standard tariffs and the cheapest deal on the market currently at €118.

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Dual fuel switches also on the up

In the first three months of 2018, 32,634 customers changed supplier for their gas and electricity combined. This is a significant increase from the last three months of 2017 where 26,501 switches occurred.

Did you know that switching both your gas and electricity together is not as difficult as you may think? At present, customers can save up to €290 if they switch their gas and electricity supplier - all it takes is just a few minutes work searching for a better deal.

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Switching is easy and could save you hundreds of euro

Worried about making the switch? It’s actually really quick and easy, and could save you a packet. Our FAQs have all the info you need if you’re thinking about switching…

Are there limits to how many times I can change supplier?

You may change suppliers as often as you like, but your old supplier may charge for cancellation or early termination if you don’t give sufficient notice or you cancel during the minimum term.

Can I revert my decision to change energy supplier?

Under consumer protection laws you have a statutory 14-day cooling-off period. Contact your new supplier if you should change your mind during this period and you can cancel the switch free of charge.

How soon can my energy switch be completed?

It normally takes between 2 and 4 weeks for the switch. Your new supplier will coordinate the switch with your old supplier, agree to a switch over date together and inform you. The dates for gas and electricity may be different.

How will I know that my energy switch is complete?

You should receive a welcome pack and price plan information from your new supplier.

I've decided on a new energy supplier/deal - what's next?

So, you have found a new energy deal and submitted an application form to make the switch to a new supplier.

Once your new supplier receives and confirms your application, they’ll handle the switch with your old supplier, so you don’t need to worry about that. Remember, though, that if you decide to switch while you’re still on a discounted tariff with your current supplier, you will have to pay an early exit fee.

After your switch, you’ll receive a final bill from your old supplier, which you’ll need to pay to close your account. Once this is done, you should also ensure you cancel all Direct Debits to this supplier, too.

All energy suppliers use the same network and pipes to provide energy to your home, so you won’t have any interruption in supply.

When should I cancel my Direct Debit to my current supplier?

After your switch, you’ll receive a final bill from your old supplier, which you’ll need to pay to close your account. Once this is done, you should also ensure you cancel all Direct Debits to this supplier, too.

Who cancels my account with my current supplier?

Once your new supplier receives and confirms your application, they’ll handle the switch with your old supplier, so you don’t need to worry about that. And all energy suppliers use the same network and pipes to provide energy to your home, so you won’t have any interruption in supply.

Will I experience an interruption in supply when I switch energy supplier?

Definitely not. Apart from the company that bills you being changed (and a smaller bill), nothing else will change and there won’t be an interruption in supply. Continue to use your energy as and when required.

Will there be any overlap periods where I pay twice for my gas/electric use?

Categorically no. When the switch over date is agreed, your old supplier will stop charging you on that day and your new supplier will take over. You will not be billed twice if you’ve remembered to cancel your outstanding Direct Debit.