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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