Which Irish Suppliers Offer Fixed Rate Electricity Plans?
As of early 2026, fixed-rate electricity plans have been withdrawn from the Irish market. Flogas, the last major supplier to offer a price guarantee, has joined providers like SSE Airtricity in pivoting exclusively to variable and smart tariffs.
Why Are Fixed Rate Tariffs Being Taken Off the Market?
- Wholesale Volatility: Irish electricity prices remain linked to natural gas; suppliers find it too risky to fix prices for 12 months.
- Rising Network Charges: Grid maintenance costs increased; variable rates allow immediate supplier adjustments.
- Dynamic Pricing Mandate: By June 2026, the CRU mandates major suppliers offer dynamic tariffs, causing phase-out of flat fixed rates.
What Is a Fixed Rate Electricity Tariff?
A fixed rate plan locks in the price per unit of electricity (kWh) for the entire contract duration, typically 12 months. Government taxes and levies remain subject to change even on "fixed" plans.
| Feature | Fixed Rate | Variable Rate |
|---|---|---|
| Unit Price Stability | Locked for contract term | Can change at any time |
| Budgeting | Predictable | Difficult; prices fluctuate |
| Market Trends 2026 | Being phased out | Standard; high initial discounts |
Pros and Cons of Fixed Rate Electricity
Advantages
- Price Certainty: Protection if wholesale gas prices spike during your term.
- Peace of Mind: No need to monitor energy news for price hikes.
Disadvantages
- Higher Entry Price: Suppliers often charge a premium unit rate.
- Lack of Flexibility: Cannot benefit if market prices drop mid-year.
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Frequently Asked Questions About fixed rate electricity plans
No. SSE Airtricity has withdrawn fixed-rate electricity plans, now focusing on high-discount variable plans and Smart Everyday offerings.
Flogas is moving toward smart and dynamic pricing as part of the national grid's 2026 modernisation. These new plans encourage customers to use energy during off-peak hours.