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Call our Selectra agents today for expert and trusted advice on switching electricity providers and make sure that you are getting the cheapest deal on electricity prices. Figures quoted do not include cashback offers and are available for direct debit payment.
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Compare your electricity rates with our comparator! Simply type your unit rate, standing charges and annual consumption and get compared with the cheapest providers in Ireland to help you choose the best option!
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You can use our electricity price calculate to compare your electricity rates with the top 5 cheapest suppliers in Ireland and see if you can lower your energy bill.
Compare your energy rates!
With so many different energy providers offering different deals and prices, it can be difficult to compare electricity prices effectively without getting in a muddle.
In order to compare electricity prices in a way that gives you the best idea of what’s best for your home, when reading your bill, have a look at these figures:
You can then use your current electricity prices as a guide to compare electricity prices against the various providers’ offers. This also applies to Pay As You Go (PAYG) customers.
Anyone with discounted hour rates should tally the day, night, and peak hour usage for the year to get an accurate price.
The first step you need to compare electricity prices is to calculate your electricity usage. This is really important since it’ll help you get a good idea of how much your bills will be with another provider when looking to switch from your current supplier. You can find your electricity usage in the following ways:
If you’ve just moved into your property, or you’re on a prepay meter, you might not know what your annual consumption is.
In this case, you can use the average yearly consumption of Irish households to get an idea of what you might be using. Here are the current average consumption figures for Ireland:
| Category | Usage |
|---|---|
| Electricity Usage - Standard (24 Hour) | 4,200 |
| Electricity Usage - Night Storage/Nightsaver (Day) | 2,100 |
| Electricity Usage - Night Storage/Nightsaver (Night) | 2,100 |
| Electricity Usage - Night Storage/Nightsaver (Peak) | 1,008 |
| Gas Usage - Smart Meter (Day) | 2,646 |
| Gas Usage - Smart Meter (Night) | 546 |
| Gas Usage - Standard | 11,000 |
Average consumption in kWh
This will give you a figure to work with, but remember that energy consumption figures are usually very individual for each household, so you might use more or less than the average.
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To make things complicated when you compare electricity prices, you need to then determine the type of tariff you have for your home.
These can vary a lot since often customers living in rural and urban areas will be given a different standing charge, and also different meters will :
Along with charging for the electricity usage, energy companies also charge having the electricity connected to the grid, which is called the standing charge.
In Ireland, this is usually set as a yearly lump sum that can range from €200 to €300. The standing charge is also part of the fixed costs, along with the PSO levy. The standing charge is added after you’ve worked out your electricity consumption cost.
Standing Charge Example Say, for example, you’re an urban electricity customer and your energy company is offering you a standing charge of €217.08 (not including VAT). To work out how much you’ll pay in fixed costs every month, you’ll need to first at the 9% VAT rate and then divide it by twelve:
Yearly Charge: €217.08 + 9% = €236.62
Monthly Charge: €236.62 ÷ 12 months = €19.72
This means €19.72 is how much you’ll pay each month on top of your consumption.
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Your estimated annual bill needs to be worked out by combining everything from above so you get an idea of how much your electricity will cost you throughout a year.
Working out your Estimated Annual Bill To work out your estimated annual bill, you’ll need to have your previous annual consumption ready. Say for example you used 3,900 kWh throughout the year, and you are using a 24hr urban standard meter, and you are looking to switch electricity providers. You find an electricity provider willing to offer you the following (excluding VAT):
Unit Rates: 45.00c/kWh
Standing Charge: €220 a year
Firstly, we need to first add the 9% VAT onto the rates so we can get a more accurate picture:
Unit Rates: 45.00c/kWh + 9% = 49.05c/kWh
Standing Charge: €220 a year + 9% = €236.80
Next, you will need to work out how much you would pay for your electricity with these rates:
Consumption Cost: 49.05c/kWh x 3,900kWh = €1912.95 a year
You’ll then need to add the fixed costs to your consumption costs to get your EAB:
EAB: Consumption €1912.95 + Standing Charge €236.80 = €2,149.75
So over the course of a year, you’ll be paying around €2,149.75 for your electricity. This means that you’ll be paying around €179.15 a month!
A key part of an energy company’s offer will be what discount they have to offer on their rates. Essentially, an energy company will discount your rates for a fixed period of time (typically 12 months) so you will have cheaper than is on offer.
Working out what you’ll get out from a provider’s discount is really important if you want to compare electricity prices.
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The services and products mentioned on this website may only represent a small selection of the options available to you. Selectra encourages you to carry out your own research and seek advice if necessary before making any decisions. We may receive commission from selected partner providers on sales of some products and/or services mentioned within this website. Our website is free to use, and the commission we receive does not affect our opinion or the information we provide.
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