Save up to €276 with Just Energy's 20-month fixed energy tariffs
If you’re worried about rising energy costs, these plans could work for you.
We’ve had a lot of bad news in the energy market over the past number of months, with price hike announcements from seven out of the ten suppliers operating here. It’s perhaps no surprise, then, that the majority of Irish consumers are worried about the cost of energy this winter.
If you’re worried about the rising cost of energy, something that could help ease your mind would be to opt for a fixed-rate tariff. These kinds of tariffs guarantee that the cost of your energy will not go up for a set amount of time, so you lock in your rate and you don’t need to worry about price rises during your contract period.
Just Energy’s Rate Saver 20-month plans
While fixed rate plans are not overly common in Ireland, there are some available if you want to opt for this. Today, Just Energy has launched two brand new 20-month tariffs - one for Dual Fuel and one for electricity-only.
What this means is that the unit rate and standing charge on this plan are locked in for 20 months after you sign up. While the tariffs are not the cheapest deals in the market, they are still competitive, and the typical gas and electricity customer could save up to €276 by switching to the dual fuel plan.
Just Energy has said that the plans are being introduced to help consumers combat rising fuel prices and to help with household budgeting. Consumers can manage their energy account online or via Just Energy’s smartphone app, which is handy.
What do I need to know about signing up for a fixed rate deal?
- Your bill won’t be the same each month. Fixed rate plans mean your energy unit rates are frozen, not that your bill amount will be the same each billing cycle. The amount of your bill will depend on how much energy you use - but the rate you pay per unit remains the same for the duration of the contract.
- You won’t be impacted by price hikes during your fixed period. One major benefit of fixed plans - especially in the current energy climate - is that you won’t be impacted by any price hikes that happen throughout your fixed period. However, the opposite is also true, so you won’t get the benefit if price cuts are introduced within that time, either.
- Fixed rates are normally not the cheapest deals. However, they can still be competitive, and you may get peace of mind from signing up for a deal like this and knowing your rates are fixed for a period of time.
- You should shop around when your fixed period is over. As with any contract you sign up to, make a note in your calendar to send you a reminder when your minimum term (or fixed rate period) is over so you can shop around again for a new deal.