The Last Word with Matt Cooper Personal Finance: How To Get A Better Deal On Your Energy Bills
Sep 10, 2025
Charlie Weston, personal finance editor at the Irish Independent, shares insights on the recent energy price hikes and cuts in Ireland. He explains the contrasting actions of Energia and Electric Ireland, prompting consumers to rethink their choices. Weston also offers practical advice on switching providers to save up to €800 annually, while discussing a proposal for a new savings scheme to encourage saving habits. His tips aim to empower listeners to navigate the complex energy market effectively.
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Divergent Energy Pricing Strategies
- Energia has raised some electricity unit rates by up to 20% on smart tariffs while other rates rise by about 12%.
- Electric Ireland is keeping electricity unchanged and cutting gas, showing divergent pricing strategies among big suppliers.
Private Equity Ownership May Influence Prices
- Energia is owned by US private equity firm Ice Squared and was recently put up for sale after a €40m dividend.
- Charlie Weston suggests the price rise could be aimed at boosting short-term profits ahead of a sale.
Switch Providers When Contract Ends
- If your Energia contract ends, strongly consider switching to Electric Ireland to reward lower-priced providers.
- Moving when your contract expires could save about €800 a year via a new-customer discount.