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

I'm currently out of contract with Electric Ireland (EI), most (if not all) price comparison sites incl. kilowatt/energy pal were not factoring in upcoming price changes/or were referring to defunct plans.

Anyway rang EI to renew my contract with the vein hope they would get near to the new customer tarrif this is what they quoted me: (Day/Night plan on MCC02 meter setup (Smart Meter installed in August):

Day Rate: 30.43 cent / Night 15:01 cent / FIT: 19.5 cent / Standing Charge: 328.58 (all incl. VAT)
peemac said:
Energia price hike applies from 9th Oct. My net rate will go as follows 24.82 to 27.8 day, 13.29 to 15.28 night, 26.02 to 31.22 peak
Standing charge jumps to 337 from 314 (per year)
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I actually put through a switch to Energia in August when my contract ended with EI, but they didn't process it. Had a call from them saying they didn't complete the switch as the new Smart meter was not setup correctly by ESB Networks. (I could be cynical here but whats the point!) I asked what their new prices would be and got the following: (Which in fairness was reflected on some but not all of the price comparison websites)

Day: 29.07 cent / Peak: 32.64 cent / Night: 15.98 cent / Standing Charge: 265.01 / FIT: 18.5 (incl VAT again, should we not agree that all prices are incl. vat?)

Obviously all of us have different electricity consumption but a) people relying on switching sites need to check what is actually available from each of the providers and b) really why should consumers be trying to figure out the complexities here. Seems to me that all providers have modelled their costs peak/day/night/standing charge/fit etc to suit themselves. I appreciate the fact they have to share the total cost per year based off average usage, but there is a lot more nuance going on here....
 
How do they factor it in if the increases are not in effect yet ..if the increases are say a month away do they apply the increase for 11 months ?
 
That's a pretty decent profit for I Squared which, according to RTE, "acquired Energia in 2016 for €1 billion euros (and unsuccessfully tried to sell it in 2018 and 2020)".
 
ACER10 said:
I was just on to Bord Gais about something else. Enquired about changing supplier. I'm with Bord Gais since February. He explained that because of price rise on Oct 12th, existing customers will not be charged exit fee. If they are charged by mistake, don't worry, just ring up and they will send the fee back.
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I checked my final bill with BGE after my recent switch to to EI and there is no sign of the €50 contract early termination fee being charged so happy days! Thanks @ACER10! :)
 
One small issue that I noticed is that the switch from BGE to the EI smart plan was not instantaneous and after the switch to EI I was on their standard MCC02 day/night tariff for less than a week before the meter was switched into MCC12 smart mode and I was put on the correct tariff (SST 30% discount). I wasn't really expecting that and thought that the whole switch (from one provider to another and from MCC02 to MCC12 meter mode) would be much more seamless and instantaneous. Something to note for others in a similar position.
 
dammam said:
Surely it's €30 (€5 X 6)
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X 2 if you use them for electricity and gas.
2.7 Real Rewards Members can use one €5 voucher code per bill only, to a total of €30 per year per linked Electric Ireland account.

2.8 If you have registered two accounts on Electric Ireland Rewards, i.e., a gas account and an electricity account, you can use up to two voucher codes in a two-month period, one in respect of each registered account.
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I changed from Bord Gais to Electric Ireland on Saturday. Could not sign up with N26 as IBAN. Eventually added Revolut, which I do not really use. Electric Ireland have just told me that they do not accept a non Irish bank, although they accept Revolut and IBPS? Weird as I was with them in 2022. I was 30 minutes on first call and 15 min to customer service on second and now have complaint email to write. I can download the bank mandate. Print. Fill and POST. Or they can post to me, and I can fill and POST back. Has anyone else had this issue.

N26 chat states:
If Electric Ireland is not accepting your N26 IBAN for direct debit, this may be a case of IBAN discrimination, which is against European law. Merchants in the European Economic Area are required to accept IBANs from other member states as of February 1, 2016. You should inform Electric Ireland of this legal requirement. If the issue persists, you can contact your relevant national authority to report this IBAN discrimination. Provide them with your contact details, Electric Ireland's name, and evidence of the rejection (e.g., screenshots). This will help authorities address the issue with the company.
 
ACER10 said:
changed from Bord Gais to Electric Ireland on Saturday. Could not sign up with N26 as IBAN. Eventually added Revolut, which I do not really use. Electric Ireland have just told me that they do not accept a non Irish bank,
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I switched to Electric Ireland recently and had no problem adding my N26 bank account.

Double checked and indeed yes its there.

Haven't been billed yet but given they accepted the iban can't see an issue but time will tell I suppose.
 
Persia said:
switched to Electric Ireland recently and had no problem adding my N26 bank account.
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Thank you ...that is helpful. They aren't able to even email the bank mandate form. I have to find and download it. Or wait for a posted form to arrive.
 
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