Compare electricity prices and cut your costs
If you only have electricity at home, you might be wondering if it’s still worth your while switching.
Well, at the moment the average electricity customer can save up to €171 by switching from standard tariffs to the cheapest deal on the market, and if you use electricity for your heating too, or you live in a large household, you could save even more.
When you’re shopping around for a new electricity plan, you’ll want to find the deal that suits your household best - we’ve got all the information on how to choose the right plan for you.
How do I find the best electricity tariff for me?
Finding the best electricity deal is really straightforward using Switcher.ie’s gas and electricity comparison tool. You just need to enter information about your current electricity usage, which electricity supplier you’re with, and how you pay your bills, which only takes a couple of minutes.
We’ll then show you all of the available electricity plans, as well as information on your expected annual costs and how much you’ll save by switching.
What are the cheapest electricity deals on the market?
|Supplier||Plan Name||Annual cost|
|Energia||Cheapest Electricity 31% discount (Web EXCLUSIVE)||€836||Compare now|
|Bord Gáis Energy||24% Discount (Level Pay, DD, paperless)||€842||Compare now|
|Just Energy||RateSaver - Fixed 12 mth (DD, Online billing)||€870||Compare now|
|Just Energy||1 Year Discount Variable (DD, Online billing)||€888||Compare now|
|Just Energy||1 Year Discount Variable (DD, Postal billing)||€898||Compare now|
This table shows the five cheapest electricity tariffs currently available in the market, based on the national average consumption, which - according to the Commission for Regulation of Utilities (CRU) is 4,200 kW/h of electricity per year.
While this will give you an indication as to the cheapest plans for the average user, the best bet is to carry out an electricity comparison based on your own consumption to figure out the deal that’s right for you.
How do I choose the right electricity deal?
The right electricity deal for you will depend on things like the size of your household and your energy consumption.
If you live in a household with high consumption, a big discount will probably work best for you, as it will significantly reduce your bills over the discount period (usually 12 months).
Meanwhile, if you live in a small household, with a lower-than-average consumption, you might find that opting for a plan with a smaller ongoing discount that offers cashback or other bonuses up-front is more valuable for you.
There is a wide variety of plans available, so carrying out a comparison using your actual consumption, and carefully comparing plans to see which suits best is really important.
What is the benefit of a fixed price electricity deal?
Although not common in Ireland, there are a couple of fixed-rate energy plans out there. With these kinds of deals, your unit rate and standing charge are set for the period of your contract, so you won’t need to worry about rising energy costs.
Last winter, the majority of energy suppliers announced electricity price hikes, which would have impacted anyone on variable tariffs. So, while fixed-rate plans are not the cheapest on the market, they could offer you some peace of mind and protection against any hikes that might occur throughout the duration of your contract.
Will switching to the cheapest electricity supplier be complicated?
The whole process of switching electricity supplier will take you less than 10 minutes, and it’s very straightforward.
You just need to enter some details about your electricity usage and current supplier, compare electricity deals and choose the option that suits you best.
Once you’ve chosen the plan you want to go with, you’ll need to provide some information - like your address, MPRN, and a current meter reading - to complete the switch.
For full information on how the switching process works, check out our guide to switching gas and electricity.
How else can I cut my electricity bills?
Aside from switching, the next best way to cut down on your electricity bills is to reduce your consumption.
Two of the easiest ways to do this is to make sure appliances are fully switched off - rather than on standby - and switching to energy-efficient light bulbs, which use a fraction of the electricity that standard light bulbs use.
Our guide to energy saving has lots more tips that can help you save.