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Uwe Niederberger

Competition is finally heating up for power and gas customers

Energia has cut its rates only a few days after a new player emerged in the market.

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.

Ener Energia marketing manager Geoff Codd, with models Hannah Goff and Hayley Ryan. Conor McCabe Conor McCabe

‘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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16 Comments
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    Mute Ando Winters
    Favourite Ando Winters
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    Jun 7th 2011, 9:29 AM

    what a joke the HSE is! paying you sick pay will you work? children’s allowance for kids overage? makes my stomach turn. I know of a community welfare officer (who deals with rent allowance) rents a house out without reg with prtb or the tax man. of course I reported her ass to relevant authorities! just indicative of the system, rife with double standards and misuse of public funds??!! all this on top of the fact people dying on hospital beds, those responsible should be sacked straight away, no pussy around. I said it before you need someone from a business background to run the HSE, Michael smurfit or fergal Quinn

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    Mute Ando Winters
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    Jun 7th 2011, 9:32 AM

    ” The figures come at a time when the taxpayer is still paying 100,000 every week on the failed Personnel, Payroll and Related Systems software.” disgraceful.

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    Mute Conor Hickey
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    Jun 7th 2011, 9:04 AM

    Good news about DELL and 100 new jobs. It will only take 37 years to get the rest of ex DELL employees back to work.

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    Mute Christine Klein
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    Jun 7th 2011, 3:43 PM

    what leaves me totally astonished that it is so obvious that some people can not make ends meet and they pay these sums to people who dont even deserve it…. NO EMPATHY at all, for gods sake where have we landed? Money is evil it makes us so dependent on it!!! Thats whats the crisis is for!!!

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