Do you live in a detached house or bungalow?
If so, you could be one of an estimated 100,000 people in Cork who are missing out on savings of up to €2,000 in energy costs per year by failing to switch providers, a new survey has revealed.
Those living in bungalows or detached homes can benefit most by trading in their current supplier for a new one, according to the WeSwitchU.ie Index.
The index shows the gap between the cheapest and most expensive plans on the market — with a whopping €2000 annual difference between some dual-fuel plans for these house types.
For semi-detached homes the index reveals savings of €800 for dual-fuel customers (€2,250 versus €1,450 per annum), and €620 for apartment or terraced-house residents (€1,600 versus €980 per annum).
‘It’s the cost of a family holiday’
“Based on average consumption, the index clearly shows that many Cork households can potentially slice €2,000 off their bills from a premium annual cost of €5,000 to a net cost of €3,000 with the cheapest provider,” said Brendan Halpin, CEO of WeSwitchU.ie.
“There is huge inertia out there when it comes to switching providers but when you remove the obstacles and the perceived ‘hassle’ of moving, it could save people the cost of a family holiday in Ireland every year.”
Research shows that half of Irish households have never switched energy supplier. Based on Central Statistics Office (CSO) Census 2016 figures, that means 97,711 households in Cork city and county are potentially losing out.
Only one in seven householders change providers every year – and 65% of those forget to do so in year two.
“Based on the maximum annual savings, customers have the power to put €166 every month back in their pockets,” said Mr Halpin.