Power hikes -- and guidelines -- on way
It may be time to switch your energy supplier again. According to price comparison site bonkers.ie, while ESB Electric Ireland is now the cheapest electricity supplier with its new ValueSaver deal, it is set to become the most expensive electricity supplier from October 1.
This is because Bord Gais increased electricity rates at the start of August, Airtricity's prices rise by just over 12% from today, but ESB's hike of 14.8% won't take place until October 1.
When it comes to gas supply, you can expect increases too.
From the start of October Airtricity's gas prices rise by 21.2% and Bord Gais tariffs are expected to rise by 22%. News from ESB Electric Ireland and Flogas about their price hikes is to come.
And if you are switching, all the energy companies will be campaigning for your custom.
Good news then that the Commission for Energy Regulation (CER) has launched a consultation on revised guidelines that energy suppliers must adhere to.
The guidelines include measures to ensure that customers are protected in the areas of marketing, billing, disconnection, complaints handling and pre-payment metering.
The consultation period runs until September 15 and the updated guidelines won't be published until early in the New Year. In the meantime, make sure you're not pressured by door-to-door salesmen; that you are given full information; know if you're signing up for a fixed period contract and are being offered a deal that suits your own energy needs.
For further details on the consultation see www.cer.ie