Failure to switch fuel firm costs €1,700

Irish consumers who failed to switch gas or electricity suppliers over the last four years have paid almost €1,700 more than necessary, according to the energy regulator.

Only a quarter of customers either switched providers or negotiated better deals with their existing provider in 2018, with the majority missing out on major savings in utility bills, according to the annual report of the Commission for Regulation of Utilities (CRU).