Electric Ireland's customers will be paying more for their electricity from tomorrow
The 4% price increase will impact all of their domestic electricity customers.
In the last few months of 2017, we had price hike announcements from seven out of 10 energy suppliers in the Irish market. SSE Airtricity and Bord Gáis Energy’s hikes came into effect from 1 November, while Energia, Flogas, Pinergy and PrePayPower increased their rates from 1 December.
Tomorrow, the last of the rises - a 4% electricity rate increase from Electric Ireland - is being implemented. This means that Electric Ireland’s 1.1 million electricity customers will be paying more from tomorrow - around €35 extra per year for the average customer.
Time to take action
The fact that Electric Ireland put off its rise until now was a welcome move as it meant customers weren’t paying more for their electricity over the Christmas period.
However, for anyone that put off switching when the hike was announced because the price increase was a way off, it’s now time to take action. And this advice isn’t just limited to Electric Ireland customers. If you haven’t switched in over a year - no matter who your supplier is - you will save by switching.
In fact, average gas and electricity users could save up to €378 by switching from typical standard tariffs to the cheapest deals in the market - and if you live in a large household with higher consumption, you can make even bigger savings.
How to switch gas and electricity
Many people are put off switching by fear factors, such as not wanting to get tied into a contract or being unsure about the savings that can be made, but in most cases these fears are unfounded.
Energy contracts typically only last for 12 months, and all suppliers use the same pipes and cables to supply energy to your home, so you don’t need to worry about a loss in service. The switching process only takes a few minutes, if you follow these steps:
- Firstly, go to Switcher.ie’s gas and electricity comparison tool - having a recent copy of your gas and electricity bills, and the GPRN and MPRN details which are listed on these bills - will come in handy as you go through the process.
- Then you just need to enter some information about your current energy use, which energy supplier you’re with, and how you pay your bills. If you don’t know your consumption, you can use the national average as a guide, but using the actual energy consumption in kWh will allow you to make the most accurate supplier comparison and give you a clearer idea how much you can save by switching.
- You’ll then get a list of energy tariffs, including information on the supplier and how much you’ll save. You can go through the details of each supplier and plan, and then choose the best option available for you.
- Once you choose the plan, you simply need to fill in an online application form - including information like your name and address, and your current meter reading. It should take no more than 5 minutes
- Once your new supplier receives your application form, they’ll confirm this and will handle the switch with your old supplier.
- You’ll receive a final bill from your old supplier, which you’ll need to pay to close your account. You should also ensure you cancel all Direct Debits at the same time.