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

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Comments

  • Registered Users, Registered Users 2 Posts: 10,589 ✭✭✭✭CoBo55


    While still managing to be one of the most expensive suppliers out there, as I said, it has been months (7 in the case of EI) since there has been any unit price drop. Maybe the introduction of dynamic pricing which has to come in before the end of the year might make a difference, not holding my breath though...



  • Registered Users, Registered Users 2 Posts: 7,986 ✭✭✭bren2001


    New figures from the Central Statistics Office show that wholesale electricity prices dropped by 6.4% in March when compared with February, but are 52% higher than March of last year.

    Why would prices continue to fall? Wanting something to happen and having reasons for it on your side are two separate things.

    Maybe the introduction of dynamic pricing

    Hard to see why that would impact anyone on a standard (non-smart) meter as they cannot sign up for it i.e. the majority of people. I know you are on a smart meter.

    Hard to see it being marks by a "reduction" anywhere but people able to properly manage their electricity usage may see benefits from switching to such a setup. It will suit a niche number of people, I imagine.

    https://www.rte.ie/news/business/2025/0424/1509252-cso-wholesale-prices/



  • Registered Users, Registered Users 2 Posts: 23 MelonHead88


    Were you able to find that Flogas plan anywhere? Bonkers is also suggesting it's the best plan for me, but I can't find a link to it.



  • Registered Users, Registered Users 2 Posts: 1,884 ✭✭✭Gooser14


    I did find it a few weeks back but looking at their price plans tonight it looks like they are no longer offering the €140 cashback. That's a pity as I was planning on switching to it on 22 June.



  • Moderators, Regional South East Moderators Posts: 9,296 Mod ✭✭✭✭Aquos76


    Is the BWG plan still the best offering for a smart meter or is there something better available, I'm coming to the end of my 12 months with Energia, I will be coming off a plan with rates of

    Day: 27.84

    Peak: 29.18

    Night: 14.90

    Standing Charge €236.62

    Energia have offered me a 30% discount to stay with them, rates are as follows,

    Day:26.33

    Peak: 27.60

    Night: 14.10

    Standing Charge: 236.62

    From what I can see, new customers switching to Energia geta 33% discount, rates of Day: 25.21 Peak: 26.42 Night: 13.49, Ive asked for this rate and have been told 30% is the max they are allowed to offer existing customers

    BWG 18 month plan rates are cheaper Day 25.94 Peak: 25.94 and Night 12.79, however, their SC is €331.33

    Since switching to a smart plan, we have definitely taken advantage of the cheaper night rate by running Dishwasher at 11pm at night and the washing machine in programmed to come on early morning and also.We also run a dehumidifier during the night to dry clothes throughout the winter/Spring months. There would also be two of us having electric showers before 8am weekdays mornings also.

    Im swaying with taking the 30% offering from Energia, mainly as its just the 12 months rather than the 18 that Flo are offering with their fixed rate.



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  • Registered Users, Registered Users 2 Posts: 958 ✭✭✭Delboy5


    Electric Ireland offering me 16% discount to renew, anyone get any success in increasing this ? New customers are getting 30%



  • Registered Users, Registered Users 2 Posts: 16,901 ✭✭✭✭Flinty997


    Only you will know if enough of your usage is in the cheap zone.



  • Registered Users, Registered Users 2 Posts: 3,464 ✭✭✭John arse




  • Registered Users, Registered Users 2 Posts: 10,589 ✭✭✭✭CoBo55


    What does energypal recommend? The BWG plan looks good and you'll have certainty for 18 months, SC is a bit scaldy unfortunately.



  • Moderators, Regional South East Moderators Posts: 9,296 Mod ✭✭✭✭Aquos76


    Just tried Energypal now and its recommending the Energia 33% plan which obviously I can't avail of. The standing charge with Flogas definitely takes the good out of the cheaper rates. Ive just checked my May usage and compared the costs based on had I have been on the BWG plan and compared it to the 30% discount rate with Energia, and including both standing charges, Engeria would have cost me €116.05 compared to €120.21 on the BWG rates

    I'll do another few calculations later and compare, but I reckon the energia plan might suit me best.



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  • Registered Users, Registered Users 2 Posts: 3 Sirgib


    I've put together a couple of tables showing the current Electric prices in NI at the moment. I'm with Share Energy as they're the cheapest, and I've a link at the bottom of this post with a referral that'll get both you and me £15. Hope this is useful for some folks.

    Direct Debit:

    Company

    Unit Price (kWh)

    Standing Charge (per day)

    Share Energy

    25.290p

    13.33p

    Click

    26.024p

    9.873p

    Budget Energy

    26.193p

    14.553p

    SSE

    27.330p

    None

    Power NI

    29.060p

    None

    Electric Ireland

    36.54p

    None

    Keypad:

    Company

    Unit Price (kWh)

    Standing Charge (per day)

    Share Energy

    25.290p

    13.33p

    Click

    26.024p

    12.363p

    Budget Energy

    27.216p

    9.975p

    Power NI

    30.14p

    None

    SSE

    30.650p

    None

    Electric Ireland

    36.54p

    None

    Join Share Energy (with referral to get the free £15 electric) : https://share-energy.com/join-us?referral=CUS823UETCRIV



  • Registered Users, Registered Users 2 Posts: 10,589 ✭✭✭✭CoBo55


    Can't read it on mobile sadly.

    I opened the link, those rates are nothing to write home about, only 7 hours night rate too. Convert stg to Euro and we're definitely getting better prices here.



  • Registered Users, Registered Users 2 Posts: 1,884 ✭✭✭Gooser14


    The standing charges are vastly lower. Zero in some instances.



  • Registered Users, Registered Users 2 Posts: 13,247 ✭✭✭✭OmegaGene


    can we run a cable down from the north ?

    The internet isn’t for everyone



  • Registered Users, Registered Users 2 Posts: 8,692 ✭✭✭Fann Linn


    Farmer's aren't too happy with that cunning plan.



  • Registered Users, Registered Users 2 Posts: 10,589 ✭✭✭✭CoBo55


    I can only read what's on the referral link, all the plans have SC, anyway it's irrelevant to me as I don't live in NI.



  • Registered Users, Registered Users 2 Posts: 1,249 ✭✭✭gussieg


    image.png

    is this right?



  • Registered Users, Registered Users 2 Posts: 7,986 ✭✭✭bren2001


    It depends where they are pulling their stats from. A quick Look at the second half of 2024 below and your image doesn’t appear to be crazy when you convert using the dollar. When you look at it via the Purchasing Power Parities, we’re expensive but a long way off the top.

    Anyone paying that figure, it’s on them. Shop around.

    https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Electricity_price_statistics



  • Registered Users, Registered Users 2 Posts: 1,249 ✭✭✭gussieg


    trying to figure out who sets the wholesale prices and came across something that I’d never heard of before - a cross border entity called semo

    -the second image is a graph of the wholesale price in Ireland provided by the cso, which baffles me a bit, but basically it don’t compute with the retail prices.

    IMG_2738.png
    Post edited by gussieg on


  • Moderators, Home & Garden Moderators Posts: 7,561 Mod ✭✭✭✭graememk


    It's not the semo that sets the price, but they do run the "auction" for it.

    Say 100MWh is needed (actual number doesn't matter in this instance)

    They have to fill the quota, wind, solar, gas, interconnectors, coal quote. (Renewables usually quote 0, so they always get picked)

    Its taken in order of price, and when the required amount is reaches the last supply " in" sets the price for everyone. I think practical engineering has a good video on it, can find it if your interested .



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  • Registered Users, Registered Users 2 Posts: 976 ✭✭✭MiketheMechanic


    Hi all.

    I am out of contract with Flogas since the middle of May. It was on the old BWG Affinity deal.

    I was on 21.5c ex VAT for electricity. Now increased to 33.9c ex VAT.

    I am getting solar installed + battery in the next 8-10 weeks as part of a renovation and will need a new plan then once I get some data from how the system is performing.

    My question is - do any of the providers have a "no minimum contract" offering at electricity rates better than 33.9c?

    I have gas also, but I'm not really that concerned as my usage over the summer is quite low.

    Failing that, do any of the providers have a low "break fee" in case I sign up now and want to change again in August/Sept.

    It used to be €50 per fuel for a break. Obviously I want to try to avoid this.

    Suggestions please?

    MtM



  • Registered Users, Registered Users 2 Posts: 976 ✭✭✭MiketheMechanic


    Looking at kilowatt.ie, it seems like 2 companies do no-contract plans. Waterpower and Community power?

    Never heard of them. Seems like the rates are variable.

    Has anybody used them? Any gotchas to watch out for?

    MtM



  • Registered Users, Registered Users 2 Posts: 1,884 ✭✭✭Gooser14


    I used Waterpower for 12 months from June 23. Their website was terrible but they responded to emails in a timely manner. I would only use them again as a last resort.



  • Registered Users, Registered Users 2, Paid Member Posts: 1,828 ✭✭✭rx8


    Why would you wait 8-10 weeks..?

    Change to the lowest rate today !

    Energia have a good feed-in tariff rate of 20c/kwh, paid on each bill and about 30% off standard.rates.

    Use bonkers or switcher and do it ASAP, don't wait.



  • Registered Users, Registered Users 2 Posts: 976 ✭✭✭MiketheMechanic


    Thanks @rx8 - Why wait might be a rhetorical question, but I'll answer it anyway.

    Here is my thought process.

    My installation is still a few weeks away. I was going to wait until I have the system up and running and see what the panels can produce, get some HDF data on import export, see how many hours the battery needs to charge etc. etc.

    I am on a 24h standard plan at the moment. Until I get the battery and panels up and running, I want to avoid buying unit at peak or day rates .

    I might pick a Gas only plan. The Dual Fuel plans don't seem to be optimized for Battery and FIT etc.

    MtM



  • Registered Users, Registered Users 2 Posts: 3,414 ✭✭✭Buffman


    You don't need to wait for results to decide, with solar and battery you want the cheapest night rate paired with best feed in tariff, so you use as much as possible at cheap night rate including charging your battery and then export as much as possible for the higher FIT.

    Check over on the Renewables forum for best plans.

    The below is a general 'signature' and not part of any post:

    FYI, if you move to a 'smart' meter electricity plan, you CAN'T move back to a non-smart plan.

    You don't have to take a 'smart' meter if you don't want one, opt-out is available.

    Buy drinks in 3L or bigger plastic bottles or glass bottles or cartons to avoid the DRS fee.

    Public transport user? If you're sick of phantom ghost services on the 'official' RTI sources, check bustimes.org for actual 'real' RTI, if it's on their map it actually exists.



  • Registered Users, Registered Users 2, Paid Member Posts: 1,828 ✭✭✭rx8


    I'd definitely echo Buffmans post above, the sooner you change supplier, the cheaper it's going to be.

    You could have 9 or 10 months of results by this time next year. I have solar 6 years almost now and over 90% of my use is on the night rate, for appliances etc., export during the day either is paid at 20c,or goes to heat the water or charge the car.



  • Registered Users, Registered Users 2 Posts: 33,956 ✭✭✭✭zell12


    Ah no, Waterpower are good. I'm happy they exist, provide an alternative, as they provided the best rates at time and a low standing charge. I had to switch as wholesale prices kept rising (not their fault). And yes, their customer service is good for such a small outfit.



  • Registered Users, Registered Users 2 Posts: 179 ✭✭Inforapenny


    Any reason, why one shouldn’t switch to a Smart Plan?

    I know previously on here, people suggested not activating a Smart Plan as you can’t change back, but have they got better now.

    Coming up to two years in our house, so have two years of data uploaded into Energypal. Have been on a 24hr plan all that time.

    Cheapest deals are Smart plans ( partially due to some cash back offers).

    Any reason not to switch to a Smart Plan?


    Thanks



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  • Registered Users, Registered Users 2 Posts: 10,589 ✭✭✭✭CoBo55


    None that I can think of, 24hr smart plans are always going to be available if your circumstances change and 24hr suits your situation.



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