How much does PrePayPower cost?
At PrePayPower we try to make the cost of our electricity as clear and transparent as possible for our customers. Our electricity costs are made up of four elements:
1. Electricity Unit Rate
PrePayPower offers the lowest* unit rate in the Pay-As-You-Go electricity market. This means you pay less for electricity you use. Unit rates are the price you pay for the electricity you consume, units are calculated in kilowatts per hour or kwh. On average your consumption makes up 72%** of your annual electricity costs which makes the unit rate you pay the biggest consideration when choosing an electricity provider. The PrePayPower unit rate is 17.98 cent per unit. Click here for a full list of our unit rates.
2. Standing Charge
PrePayPower offer a competitive standing charge which is cheaper than many other suppliers. This charge covers the cost to develop, maintain and supply your home through Ireland’s electricity network. From continuing to upgrade Ireland’s infrastructure to fixing outages after severe weather storms your standing charges contribute towards innovation and stability in Ireland’s world-class electricity network. Click here for to see standing charges
3. Prepayment Service Charge
There is also a prepayment service charge of 37.5 cent per day which helps us avoid charging you any set-up fees or deposits. It also covers the costs of building and maintaining Ireland's 1st Prepaid electricity network. PrePayPower continually invest in the delivery of a top-quality electricity alternative that our customers have come to really rely on to help budget and control their electricity costs.
4. Government Public Service Obligation Levy
The Public Service Obligation (PSO) levy is a mandatory charge that is the same amount regardless of what electricity provider you choose. It covers the generation of indigenous fuels (e.g. Peat) and renewable energy, it is mandated by Government and approved by the European Commission. The levy is used to contribute to the additional costs incurred by the ESB and other electricity generators which are not recovered by the standing charges. The Public Service Obligation (PSO) Levy for electricity has been set at the October 2014 VAT inclusive rate of €73.06 per annum (20.02c per day). Learn more
What Does Our Smart Control System Do?
When you switch, we'll install our Smart PrePay System in your home. With the touch of a button you can track and save*** on the electricity you use. See how much you're saving in terms of days, weeks and months.
The smart PrePay System even shows you when appliances are left on around your home. If you're looking for a better way to stay on top of your electricity costs, you've found it!