As we come to the end of January many of us are looking to make our cash stretch that little bit further.
With five suppliers and over thirty tariffs switching to a new energy deal is one of the easiest and quickest way to save money…so lets look at the best deals available right now in Northern Ireland.
What are the cheapest deals available?
This is the most common question we get asked. To compare electricity prices we have provided two scenarios – one comparing ‘tariff rates’ only and the other comparing ‘tariff rates + cashbacks’.
Prices have been checked against all five electricity suppliers in Northern Ireland – Budget Energy, Click Energy, Electric Ireland, Power NI and SSE Airtricity.
Firstly, tariff rates only – these offers do not include cashbacks or welcome credit so are based on the amount you will pay for each unit of electricity used. The price (pence per kWh) and amount (units) of electricity you currently use will be set out in your electricity bill or statement.
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Next, we compare ‘tariff rates and cashback’ offers that are available. Only cashback payments that are available within the first 12 months are included.
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Tariff Rates and Cashback
What about a fixed price deal?
The Budget Energy ‘Budget Advantage’ tariff is the first time an electricity supplier in Northern Ireland has offered a fixed price deal. This is a 12 month deal with £100 cashback – its available for both Bill Pay and Keypad customers
With fixed price deals, your tariff rate is set for the period of your contract, so you won’t need to worry about rising energy costs. The price you pay for certainty with a fixed price tariff is a higher unit rate to begin with – but this may suit people who don’t mind paying a bit more to have certainty over their bills for the next year – and if electricity prices increase they will be protected as they have locked in their price.
Are there other charges to consider?
A standing charge is a fixed amount that is added on top of your tariff rate to cover an energy supplier’s fixed costs – to pay for supplying your house with power.
Although all suppliers apply this cost two suppliers, Budget Energy and Click Energy, separate this charge out and add it to your bill on top of the tariff rate you pay. On your bill or annual statement, this will be listed as a separate charge and will be quoted as a pence per day charge – the standing charge remains the same no matter how much energy you use and adds between £30 – £40 to an annual bill.
All results on ‘Power to Switch’ already include standing charges so you can be sure comparisons reflect the total cost you would pay.
Helping you decide…
At ‘Power to Switch’ we compare all tariffs, deals and offers across all electricity suppliers to make sure you find the best deal. Switching is quick, hassle-free and means you keep more money in your pocket. You don’t even have to tell your old supplier you are leaving!!!
It’s free and only takes around 3 minutes to compare electricity prices and find savings. Don’t put up with rising prices. Switch energy suppliers and start saving.
(Prices checked and correct – 22nd January 2020)
(*Budget Energy 24Hr Discount is an exclusive on-line offer only available through Power to Switch)