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ENERGIA HAS RESPONDED to a low-price offer from a new competitor by cutting its rates for both people switching to its services and existing customers.
The energy company is offering a 19% discount on the standard electricity-only rate for new customers, a deal which it said could save €190 a year per household.
The deal comes only a few days after Panda Waste launched its energy arm, Panda Power, with an 18% discount – at the time the cheapest unit rate on the market.
New Energia customers on dual-fuel setups will get a 20% discount on electricity and 17% off their gas.
The energy company also said it was giving customers who were already signed up discounts of 2.5% and 2% respectively on gas and electricity prices on top of any deals they were already getting.
It will be running a “cheep-purr” advertising campaign (which partially explains these models dresses as a cat and budgie) to promote the lower rates.
‘Fleecing’ customers
Recent figures showed Irish consumers were paying the third-highest rates in the EU for electricity – and the most before taxes and levies were added – in the second half of last year.
Suppliers have so far been slow to pass on the benefits of low energy prices, which have been driven down with the global glut of oil coming from the major producers.
The “big four” retail providers – Energia, Airtricity, Electric Ireland and Bord Gáis Energy – were accused of “fleecing” their loyal customers at an Oireachtas committee meeting earlier this year.
However consumers have also been blamed for being slow to change suppliers to get a better deal.
Eoin Clarke, the managing director of comparison site Switcher.ie, said increased competition in the energy market was pushing down prices but customers needed to “take matters into their own hands” and get the best rate.
First published 11.48am
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Energia charge the highest standing charge out of all suppliers. Its about 3.5 times the price of electric Ireland. Not sure if they have raised it to offset these discounts. Always read the fine print!
Well I changed from ESB a few years ago to Airtricity…..cheaper for a few months and then my bills were the most expensive….im back now with electric Ireland and bills are more normal…i havent had huge bills since leaving airtricity….never again!
One of the most expensive unit rates in Europe..most expensive variable rate mortgage..vrt..etc will we ever get a break?
Cheap for the first 3 months… the 4th month ….then its 3 pints of blood and your first born
So what are the regulatory staff doing about this? Or is that the Regulator who regulates anything but prices?!…….only in Ireland!
Why do even have a regulator?
just like the Banking Regulator….none of them worth a tosd
It’s a makie uppy job for some politicians crony. Giving his favourite life long civil servant who’s about to retire another dip into the tax payers pockets.
Not one but two pictures of ‘lovely girls’ to accompany this article, how tiresome.
Are they the first to include existing customers?
yippee it must be down to the great work be done by our leader Enda attracting new energy station to Mayo.. It’s all about competition and we all know how good Enda is. Yes the contract to the Irish people and sysmic shifts.
Pinergy really rips people off rental alone of the Meter and then regular charges on top
Why will flogas not allow me to give my gas meter reading?
LMAO..Is this what you think this is about??????
Its about wiping out the new competition so they can then charge as much as they like…..back to the old ways.
Similar to what OPEC did in order to wipe out the fracking industry in USA.
Really how many times are you going to fall for this type of stunt.
I weep for the future
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