Energia have announced price increase of 10.9% on electricity from 9/10/'25

Switched from Bord Gais Electric Ireland, only with them 2 months so will get hit with 50 euro exit.

Still save 66 euro when early exit fine is taken out.

Pity more people don't vote with their feet and change instead of rolling their eyes heavenward and moaning ....it would be a lot more of a competitive landscape if they did.
 
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Saw this on Charlie Weston's twitter feed:

Forcing energy firms to offer existing customers the same cheap rates they give new customers should be considered to ensure consumers are getting the best value available, according to the ESB.
Chief financial officer Paul Stapleton said that while Ireland had an “open and competitive” energy market, it was evident that some suppliers were offering very attractive headline electricity and gas rates to lure new customers, while existing customers were often paying much more.

www.independent.ie

Offering all households cheapest energy rate available would ensure value, says ESB

Forcing energy firms to offer existing customers the same cheap rates they give new customers should be considered to ensure consumers are getting the best value available, according to the ESB.
www.independent.ie www.independent.ie
 
odyssey06 said:
Forcing energy firms to offer existing customers the same cheap rates they give new customers should be considered to ensure consumers are getting the best value available, according to the ESB.
Chief financial officer Paul Stapleton said that while Ireland had an “open and competitive” energy market, it was evident that some suppliers were offering very attractive headline electricity and gas rates to lure new customers, while existing customers were often paying much more.
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Wish they would do the same with car insurance.
 
TRS30 said:
Wish they would do the same with car insurance.
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They did, but it only kicks in after you're already two years with the same insurer and very often it's more cost effective to shop around and probably switch every year.

Insurance & Reinsurance | Central Bank of Ireland

The Insurance Supervision Directorate is responsible for the prudential supervision of insurance and reinsurance undertakings authorised in Ireland.
www.centralbank.ie www.centralbank.ie
1. Price walking ban

The Central Bank is banning a practice known as “price walking". Price walking is where you are charged a higher premium the longer you remain with your insurer, and for no reason other than staying with the same provider.

Banning price walking ends the “loyalty penalty” insurance customers can experience for staying with an insurer. Now,when you renew your home or motor insurance for the second time or more, your insurer can no longer charge you more than someone who is renewing for the first time, and has a similar risk profile and cost of service to you.
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ClubMan said:
They did, but it only kicks in after you're already two years with the same insurer and very often it's more cost effective to shop around and probably switch every year.
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So they kinda did. I would still (potentially) pay a higher premium on first renewal then someone taking out the same policy for the first time.
 
ClubMan said:
Yes, that's effectively what I already said and what the link/extract says... :confused:
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Exactly, which is why I said 'kinda'. Odyssey06 point was about forcing energy companies to offer the same rates to new and existing customers, something still not offered by insurance companies.
 
offer existing customers the same cheap rates they give new customers
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They didn't, at all.

Banning price-walking only means an existing customer gets charged the same as another existing customer.

New customers still get charged less.
 
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I recently switched to Energia … have not even received my first bill but I am passed the cool off period. I was on the I did not realise my rate was variable, I’m new to monitoring electricity bills and have a lot to learn that is for sure.

Just wondering, before I go switching and incurring the €50, are all supplier rates variable and if so I’m feeling like what’s the point if they can change again mid year on me?

Has any of you been able to negotiate up front with a supplier that you will only switch to them if they will keep the prices stable for one year?
 
Trying2BFrugal said:
Just wondering, before I go switching and incurring the €50, are all supplier rates variable
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No.
Trying2BFrugal said:
Has any of you been able to negotiate up front with a supplier that you will only switch to them if they will keep the prices stable for one year?
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It's extremely unlikely that any electricity provider will do individual deals with consumers.

The best that you can do is download your smart meter data and upload it to sites like www.energypal.ie and www.kilowatt.ie and use them to find the most cost effective tariffs at a point in time for your specific usage patterns.
 
There's very few fixed rates plans out there, in previous years FLOGAS marketed them prominently but they seem to be the exception rather than the rule at the moment. Most plans at present offer a fixed % discount on unit rates but the unit rates may vary.
SSE airticity offer this one however its rates don't compare favourably eg to Electric Ireland.

Fixed rate

Switch to our very best 1 Year Fixed rate electricity plan. Fix your energy rates today and secure your energy price for the next year.
www.sseairtricity.com

Electric Ireland have declared they won't be increasing electricity prices this winter, now potentially they could increase in spring but winter is peak demand time.

Electric Ireland is to decrease gas prices for 140,000 customers by 4% from the beginning of November, while there will be no increase for the company's 1.1 million electricity customers ahead of the winter.

www.rte.ie

Electric Ireland gas prices fall, no rise in electricity

Electric Ireland is to decrease gas prices for 140,000 customers by 4% from the beginning of November, while there will be no increase for the company's 1.1 million electricity customers ahead of the winter.
www.rte.ie www.rte.ie
 
And, bringing up the rear, here comes SSE!

SSE Airtricity is the latest to announce an increase. Its unit rates for electricity and its standing charges will increase by 9.5% from October 20.

It pinned the blame on increased network and system operator charges, which come into effect in October 2025, ongoing wholesale volatility and higher cost of doing business.
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JoeRoberts said:
Well it can start by rejecting the proposed 5% increase in minimum wage
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Can you specify what areas of Electricity Generation/Transmission/Supply would be on minimum wage that this would be impacted?
Very very little IMHO
 
Savvy said:
Can you specify what areas of Electricity Generation/Transmission/Supply would be on minimum wage that this would be impacted?
Very very little IMHO
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The minimum wage sets a floor, all wages above that have a relativity to it at some stage. Very simple and well understood.
 
jim said:
What rate you getting Clubman
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ClubMan said:
Electric Ireland (Home Electric + SST Saver 30%)
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Switch electricity price plans today | Electric Ireland

Switch electricity to one of our price plans and see how much you can save today. We’ll help you find our cheapest electricity rates.
www.electricireland.ie www.electricireland.ie
jim said:
and will their increase impact you?
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What increase? They haven't increased electricity prices recently.
www.thejournal.ie

Autumn surprise as Electric Ireland cuts gas prices and holds steady on electricity

Energia announced a price hike earlier this week.
www.thejournal.ie www.thejournal.ie
jim said:
Assume no as youre in before it takes effect?
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It's not a fixed price plan so if they do increase prices in coming months it'll impact me and I'll just review things again at that point.
 
Cheers. And what rate you getting?

Thought they announced theu were going to increase
 
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