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

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Comments

  • Registered Users, Registered Users 2 Posts: 9,504 con747
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    Says 37.99c for a 24hr fixed rate. https://www.flogas.ie/residential/price-plans/fixed-rate-elec-1yr.html It's only the non fixed term contract charging the 62.27c. Worst case if you can't better it pay the exit fee if something better pops up and it's worth it. It wouldn't take long to make the €50 exit fee back with the rate difference there.

    Don't expect anything from life, just be grateful to be alive.



  • Registered Users, Registered Users 2 Posts: 3,345 gipi
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    The Flogas fixed rate is very close to the current SSE rate of 38.60c, which will come down in November. SSE have a lower standing charge, which swings the saving for me.



  • Registered Users, Registered Users 2 Posts: 2,806 Cape Clear
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    What day should we expect an announcement from BGE of an upcoming price reduction?



  • Posts: 534 [Deleted User]
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    And the Euromillions numbers for Friday while we have them?



  • Registered Users, Registered Users 2 Posts: 351 tx_tx
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    Does it matter when? They will announce the same-ish 10-15% reduction, for the same-ish october-november timeframe.



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  • Registered Users, Registered Users 2 Posts: 2,806 Cape Clear
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    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: 351 tx_tx
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    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: 6,479 Invincible
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    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...



  • Registered Users, Registered Users 2 Posts: 351 tx_tx
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    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: 13,943 The Nal
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    MAke sure to check the standing charge! Flogas' for example is extortionate.



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  • Registered Users, Registered Users 2 Posts: 2,806 Cape Clear
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    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: 8,671 GarIT
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    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: 351 tx_tx
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    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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    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: 13,943 The Nal
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    Post edited by Boards.ie: Mike on


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



  • Registered Users, Registered Users 2 Posts: 7,540 bren2001
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    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


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    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: 8,531 batistuta9
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    Didn't think it would matter if you're staying with your original provider. Trying them & ask, could be flowgas agent spoofing



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    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!



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  • Registered Users, Registered Users 2 Posts: 351 tx_tx
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    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


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



  • Registered Users, Registered Users 2 Posts: 13,943 The Nal
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    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


  • Registered Users, Registered Users 2 Posts: 2,806 Cape Clear
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    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


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    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: 8,531 batistuta9
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    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 Posts: 7,951 The_B_Man
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    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: 13,943 The Nal
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    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


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



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



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