Energy Prices

Consumers have been warned about rising energy prices. Many have been urged to beat immense energy price hikes by switching suppliers. According to new research from the energy regulator shows that house holders who actively switched electricity providers over the last four years have saved more than €1,000.

According to the Commission for the Regulation of Utilities, seven electricity suppliers announced that energy prices will rise in the next few months. The average increase in energy costs amounted to 5 percent for electricity and 13 percent for gas according to the commission for regulation and utilities.

Across the last four years, those who choose not to switch their suppliers for both electricity and gas suppliers over the last four years could have saved €1,700. The CRU claimed that savings made through changing electricity and gas suppliers 0r negotiating with a current supplier could have helped customers save on the recent raises in price. The CRU further described switching rates by consumers last year as “robust”. In other words consumers who took the advice to switch providers or negotiate with their current supplier …

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Sunshine 106.8fm personal finance show

Click here to hear our personal finance slot on Sunshine 106.8fm which is on every Tuesday evening at 18:30.

This week we looked at the following topics

1. The government push to reverse the lacuna or ‘loophole’ that has made it virtually impossible for banks to repossess houses since July 2011. 2. Property tax, how Revenue are the collectors and the tax authority who will supervise it. 3. Taking back Tax Relief at Source from homeowners who are not paying their mortgage. 4. Finding ‘hidden money’ in your own personal finances. 5. How there is a trend towards reducing wealth transfer between generations via changes to inheritance and the changes in thresholds that affect this.

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