My news feed has been flooded with articles on ways to save money this winter on energy costs. I was curious how much extra money I was likely going to need to budget for based on my own energy usage so I created a calculator which I’m making available for free!
I normally would put this on my paid member’s area but I think this one is too important not to share more widely given how many people will be impacted.
If you use it and are feeling generous, feel free to “buy me a hot chocolate” in the Paypal donation link in the sidebar.
When I plugged my own figures in as well as the Electric Ireland price increases and included the 600€ government credit, assuming we consume similar kw/h as the same period last year, it looks like we will need to dish out almost 1,900€ between now and April which is an additional 820€ more than we paid for the same period last year.
For reference, at a high level, between October and April last year, we used an average of 460 kw/h in electricity per month and 3,455 kw/h in gas per month. Our home is rated B2 in energy efficiency.
Our biggest estimated bill will be for the Dec-Feb period coming in at 1,074€ after the 200€ government credit for that period.
The calculator includes my own figures as reference but can easily be overwritten with your own to see what you may need to budget for the upcoming Winter. Only the orange cells need to be reviewed/updated. All others are calculations.
Meagan has created a free Energy Cost Calculator for Ireland to help individuals budget for rising energy expenses this winter. With concerns about increasing energy costs flooding the news, she decided to share this valuable tool widely rather than limiting it to paid members. By inputting her own energy consumption figures alongside recent price increases from Electric Ireland and factoring in a government credit, she discovered her household may need to budget nearly €1,900 from now until April—an increase of €820 compared to the previous year. The calculator is user-friendly, allowing others to easily input their own data to estimate their winter energy costs, making it a timely resource for anyone looking to manage their energy expenses effectively.