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

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Comments

  • Posts: 534 ✭✭✭ [Deleted User]


    And the Euromillions numbers for Friday while we have them?



  • Registered Users, Registered Users 2 Posts: 354 ✭✭tx_tx


    Does it matter when? They will announce the same-ish 10-15% reduction, for the same-ish october-november timeframe.



  • Registered Users, Registered Users 2 Posts: 2,921 ✭✭✭Cape Clear


    As a customer who has just over two weeks left in his contract it does to me. Who knows they might also try and rock the boat a little given the rest of the suppliers have shown their hand.



  • Registered Users, Registered Users 2 Posts: 354 ✭✭tx_tx


    I would be extremely surprised - I can't see why they would, looking at past cycles of increases, decreases, and discounts, all 4 are always broadly in line (and that makes sense).

    I would add, while I understand that whether it's 10% or 15% might play a role in your decision, keep in mind these prices are unlikely to apply for 12 months anyway, so whoever is 2% cheaper today might be 1% dearer after the next reductions in a few months. With this in mind, I favoured the largest % discount from their respective standard rates (my 33% renewal from BGE, significantly higher than the 10-20% others are offering), as this will apply to all future reductions, so there's a better chance it gives me the best deal over the 12 months.



  • Registered Users, Registered Users 2 Posts: 6,488 ✭✭✭Invincible


    Checked Bord Gais account there, contract up 22/10, they're offering same deal presently, 33% off if signing up presently. I think I've read here they'll increase the discount closer to current contract expiry...



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  • Registered Users, Registered Users 2 Posts: 354 ✭✭tx_tx


    Not a single poster reported this happening to them. But I've read posters giving advice based on this, even though there's no indication of it happening. It could happen, just like BGE could withdraw the renewal offer without warning. I've also read here countless times that there was no chance of a price reduction before next year, and that prices would go up this winter. Don't believe everything people write.



  • Registered Users, Registered Users 2 Posts: 15,260 ✭✭✭✭The Nal


    MAke sure to check the standing charge! Flogas' for example is extortionate.



  • Registered Users, Registered Users 2 Posts: 2,921 ✭✭✭Cape Clear



    In my case the 33% discount from BGE is still the best on offer when applied to their unit rate it is still roughly double what I was paying pre March 2022. Rates are still sky high but a 20% move in the right direction from BGE would soften things a bit.



  • Registered Users, Registered Users 2 Posts: 8,641 ✭✭✭GarIT


    It happened to me but they only went to 12% in the end. Over the last two weeks of my contract they offered 8 then 10 then 12. And then nothing from the day the contract expired. I was on 39%



  • Registered Users, Registered Users 2 Posts: 354 ✭✭tx_tx


    I should have been more precise, but I was responding to the OP who has the current wave of renewal offers from BGE (depending on your current rate, it could be 33, 38, 39, or 44%). There was no case of BGE improving over this renewal offer. Including no case of people like myself and the OP who had 33% and were offered more (38%) closer to renewal - this was mentioned several times in the thread, but not a single poster reported getting such a +5% last minute offer. It's a case of people maybe misunderstanding/extrapolating or wishful thinking, I don't know, but it's not helpful as it's baseless.

    Your experience was different, they were improving a discount, but that discount was not a renewal of your existing 39% in the first place.

    Post edited by tx_tx on


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  • Posts: 1,338 ✭✭✭ Lexie Orange Furnace


    I’ve dropped flogas during the cooling off period due to the fixed rates. The market prices will likely drop below them as the year rolls on.

    I got some message back from them asking me to refrain from switching for 20 working days “to abide by market rules.”

    I find the whole electricity and gas market here a pain in the rear to deal with. There’s always some catch. Definitely never signing up to a fixed rate ever again.

    Consumers shouldn’t have to he tip toeing around unknowable market rules. It’s a bit of a mess of a process.

    20 working days is a lot of electricity and gas at a high rate and I feel we are being bureaucratically punished for daring to pull out during the cooling off period.

    20 working days to switch is a joke!



  • Registered Users, Registered Users 2 Posts: 15,260 ✭✭✭✭The Nal


    Post edited by Boards.ie: Mike on


  • Posts: 1,338 ✭✭✭ Lexie Orange Furnace


    I wonder if the process actually meets EU rules… seems painfully slow.



  • Registered Users, Registered Users 2 Posts: 7,983 ✭✭✭bren2001


    If you'd read the thread you'd have known if you cancel within the cooling off period, you're not allowed to change to another supplier for 20 days. It stops people from jumping from supplier to supplier to supplier and effects such a small number of people, who cares???

    Post edited by Boards.ie: Mike on


  • Posts: 1,338 ✭✭✭ Lexie Orange Furnace


    I care because it’s clear as mud and shouldn’t punish customers who’ve been caught in what effectively is a bait and lock in fixed price while desperately trying to reduce costs during an energy crisis.

    It should not be a case of having to trawl unrelated internet thread for unclear rules. The system is clearly designed to trip ppl up.

    The market mechanics are over complicated!



  • Registered Users, Registered Users 2 Posts: 8,691 ✭✭✭batistuta9


    Didn't think it would matter if you're staying with your original provider. Trying them & ask, could be flowgas agent spoofing



  • Posts: 1,338 ✭✭✭ Lexie Orange Furnace


    Previous provider drops onto full cost rate now. So yeah it does matter. It’s a month at way higher rates than I was expecting. Basically means cutting back on everything this month. Great!



  • Registered Users, Registered Users 2 Posts: 354 ✭✭tx_tx


    In fairness it could be clearer. I had seen the 20 days, but missed the "working days" part. What's a working day anyway? Mon-Fri or Mon-Sat?

    Post edited by Boards.ie: Mike on


  • Posts: 1,338 ✭✭✭ Lexie Orange Furnace


    Monday to Friday. So it’s a four 5 day weeks.



  • Registered Users, Registered Users 2 Posts: 15,260 ✭✭✭✭The Nal


    Indeed. Your contract has to go to review across 3 or 4 divisions with your new supplier. Make sure the last bill is paid, check the address, the lease etc if renting, then credit control, then ops.

    Then the ESB are informed of change of supply and then....well its the ESB. They have to do all that on their end and switch you over. Youre dealing with Irish civil service pace.

    Post edited by Boards.ie: Mike on


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  • Registered Users, Registered Users 2 Posts: 2,921 ✭✭✭Cape Clear



    I'm not sure it is intended to trip people up but it's something people are not terribly aware of that and the perils of joining a small supplier that may decide to exit the market and the rules governing what happens when someone is transferred to the supplier of last resort.

    Just had a quick look over the FAQ section on Bonkers. I don't see any mention of the waiting period if you cancel a switch. I guess its not in their interests to mention it.

    Post edited by Boards.ie: Mike on


  • Posts: 1,338 ✭✭✭ Lexie Orange Furnace


    So basically an over complex, manual system that takes almost a month in a market that is gearing towards regular switching every 12 months.

    The regulator could do with upping the pressure to get it fully automated and streamlined.



  • Registered Users, Registered Users 2 Posts: 8,691 ✭✭✭batistuta9


    If you were happy enough to switch to flogas anyway, what odds is 20 days?

    Wouldn't be expecting any more price drops until spring now anyway.

    Post edited by Boards.ie: Mike on


  • Registered Users, Registered Users 2, Paid Member Posts: 8,027 ✭✭✭The_B_Man
    Something about sandwiches


    Just switch to Flogas for both electricity and gas and wondering if I got a good deal.

    I'll be moving to "Fixed Smart Electricity 1 Yr" which is:

    36.80 - Day rate

    43.52 - Peak

    28.68 - Night

    And the "Fixed Rate Gas 1 Year" which is:

    11.13

    Not sure the standing charge. I think its a little higher than my current on Energia Dual Fuel.

    I believe these prices are fixed for the year.



  • Registered Users, Registered Users 2 Posts: 15,260 ✭✭✭✭The Nal


    That will take decades. ESB uses a really basic system and they've lots of departments that don't communicate centrally etc. An outdated mess.

    Post edited by Boards.ie: Mike on


  • Posts: 1,338 ✭✭✭ Lexie Orange Furnace


    It took a while to whack Eircom into line on competition but they got there! Systems are a lot smoother in telecoms these days.



  • Posts: 1,338 ✭✭✭ Lexie Orange Furnace


    The prices are dropping so just be careful about committing to 12 months at a fixed rate right now.



  • Registered Users, Registered Users 2 Posts: 15,260 ✭✭✭✭The Nal


    Cant see prices significantly dropping in the next 12 months. They'll be the same ish. Likely a little higher through winter.



  • Registered Users, Registered Users 2 Posts: 14,705 ✭✭✭✭Red Silurian


    Just make sure the meter readings you submit aren't too high during this period of high prices for you.

    I can understand your frustration as it makes a bit of a mockery of the "cooling off period"

    Post edited by Boards.ie: Mike on


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  • Registered Users, Registered Users 2 Posts: 13,220 ✭✭✭✭OmegaGene


    Flogas and Energia standing charge has a big difference, just do a price comparison on your last bill at proposed new rates and anyone else you think might be close, if you’re a low user Energia might suit better

    The internet isn’t for everyone



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