Switching electric/gas providers (see first post for links)

It’s genius! I’ll be doing the same before my BGE increase kicks in. Unfortunately I’ve a smart meter for the electric

Hi all, I've been following this thread and about a month ago changed from SSE to Flogas, it was cheaper considering my usage, the standing charge and I got the cashback. And yes I agree it's a complete minefield for people trying to switch and valuable time wasted trying to size up all the comparison sites and offers etc. You'd need to take 2 paracetamol before sitting down to negotiate all the plans and their intricacies.

I have a 24hr meter, one of the old types and I got a txt last week to say TLI Group on behalf of ESB networks will be contacting me shortly to change me over to a smart meter. I am not sure if this is a good thing, a few people on here thought the smart meter was a pure con and no savings were being made, at least 1 person was even looking to get rid of theirs I think from pages back. So I am here looking for advice - do I stick with my normal honest to god meter or make the switch to a smart meter? Also if it is better not to get the smart one, can I refuse it? All input/advice/pros/cons welcome.

another one bites the dust as competition continues to erode

60,000 customers is still a fair chunk that will now be moving to other companies who can gouge as they so wish

60000 - wow, good point I’m surprised they’ve that many!

It’s a crazy phenomenon that wind generated electricity is based on gas prices - they’re making a huge profit on these price hikes!

Spoke to a stove installer today - he’s flat-out with calls!

Can't do that if Panda insist this isn't happening. I tried!

Yep, it's not something I'd recommend either, best staying honest. However, I keep an eye on the date when prices increase and make sure to submit a reading to ESB networks on this day so I'm not overpaying.

It's on breakingnews also: https://www.breakingnews.ie/business/energy-supplier-panda-power-leaves-irish-market-1363317.html

If true then one less option when people move suppliers. I'd say there will be less smaller players in the Irish energy market going forward. Going the same way as the banks now.

There’s no smoke without fire but hopefully the staff were/will be be informed before the media if it were to happen

I’d imagine so too, I’d expect a supplier leaving the market to waive the exit fee.

I agree. The danger is that they will switch you to The Supplier of Last Resort (Electric Ireland for electricity & Bord Gais for gas) and you end up on their highest unit rates for the next 90 days.

Would that really happen? That youd be switched to an entirely different rate with another provider overnight (Id be very surprised). I wonder what happened with Iberdrola customers? - there's so much talk about easing costs for consumers. As soon as the exit is announced as official Id

• look at when the exit date is to take effect (Id be surprised if its overnight)
• compare and see if theres a better rate available now (if so switch & I should think the exit fee will be waived).
• If your current rate is better than other suppliers , wait until the market exit is due and switch 2 weeks beforehand.

..Yep would be good to get clarity on that :-)

Checked current Panda prices -theyre currently double the price compared to Bord Gáis @ 40c per Kwh. If I were on current panda rates I'd change as soon as they make their exit official (or now) and try and get the exit fee waived.

I don’t know what you think an exit is but basically they have no l no money. They gave customers on cheaper rates (locked in) and are themselves paying high rates. Makes sense to exit, fold, go belly up whatever. The Supplier of Last Resort (Electric Ireland for electricity & Bord Gais for gas) automatically applies in these cases. These companies have to take the customers from a folded company

Indo piece says: “It’s likely more suppliers will fall over the coming months,” Mr Cassidy said.

So, who is next..?