PINERGY

Pinergy is an Irish-owned company that was founded in 2012. From households to business enterprises, and even in the agricultural sector, the firm offers innovative solutions in electricity supply to consciously promote efficiency and sustainability. The Pay-As-You-Go scheme of supplying energy is one of the company’s highlighted concepts. With its advanced smart energy technology, it guarantees to provide consumers with tools that aid in the monitoring and controlling of electricity usage. Hence, better management equals to better savings. 

Products

Even though Pinergy does not produce their own electricity, nevertheless they ensure to procure from reliable generators of 100% renewable energy in the wholesale market. The electricity purchased is sustainably sourced from the wind, solar and hydro farms of various independent generators. As of April 2019, the majority of the electricity supply was taken from wind generation that accounts to more than half of the total or 54% to be exact. The next biggest contribution was derived from solar power which constitutes to 25%. Lastly, the remaining 21% of the total amount of energy supplied to consumers was obtained from the hydropower production.

As promised, the firm provides its customers with the ability to take control of their energy usage through the use of contemporary tools. For households, the In-Home Display and Smart Application allows the tracking of the usage and its corresponding cost incurred in real-time. As for businesses, Pinergy empowers the business owners to effectively manage electricity consumption across all its establishments. Be it a small to medium enterprise, a property rental, or even the farming industry, the firm develops smart solutions suitable for the business’ individual energy demands. 

Moreover, the company extends its services beyond just powering domestic and commercial structures. It is also actively participating in the Electric Vehicle revolution in its quest to promote a cleaner and greener transport system. Pinergy Drive’s EV Home Charging solution enables drivers to recharge its EVs at the comforts of their own home, or alternatively to other charging points where it is convenient. Not only will it help to conserve the environment through the reduction of carbon emissions, but at the same time, it is also cost-efficient to use as well. 

Coverage

Pinergy is an independent supplier of 100% sustainably sourced renewable energy to domestic and commercial consumers all throughout Ireland. With its headquarters situated in Clonskeagh, Dublin, the company guarantees to cater to customers in both the urban and rural areas.

Cost

  • STANDARD 24-HOUR

Standard 24-hr Urban Electricity Rates

Variable Charges

Euro per unit

Unit price

Excluding VAT

Including VAT

0.1887

0.2142

Standing Charges

Daily

Annual

 

Ex. VAT

Inc. VAT

Ex. VAT

Inc. VAT

Standing Charge 24-hr Urban 

0.3514

0.3988

128.26

145.58

Public Service Obligation Levy

0.1144

0.1299

41.76

47.40

Prepayment Service Charge

0.330

0.3746

120.45

136.71

*Estimated Annual Bill (EAB) €1,224.21.

Standard 24-hr Rural Electricity Rates

Variable Charges

Euro per unit

Unit price

Excluding VAT

Including VAT

0.1887

0.2142

Standing Charges

Daily

Annual

 

Ex. VAT

Inc. VAT

Ex. VAT

Inc. VAT

Standing Charge 24-hr Rural 

0.4637

0.5263

169.25

192.1

Public Service Obligation Levy

0.1144

0.1299

41.76

47.40

Prepayment Service Charge

0.330

0.3746

120.45

136.71

*Estimated Annual Bill (EAB) €1,270.74.

  1. NIGHTSAVER

Urban Nightsaver Electricity Rates

Variable Charges

Euro per unit

Unit price

Excluding VAT

Including VAT

Day

0.1965

0.2230

Night

0.1099

0.1247

Standing Charges

Daily

Annual

 

Ex. VAT

Inc. VAT

Ex. VAT

Inc. VAT

Standing Charge Urban Nightsaver

0.477

0.5413

174.11

197.61

Public Service Obligation Levy

0.1144

0.1299

41.76

47.40

Prepayment Service Charge

0.330

0.3746

120.45

136.71

*Estimated Annual Bill (EAB) €1,189.58.

Rural Nightsaver Electricity Rates

Variable Charges

Euro per unit

Unit price

Excluding VAT

Including VAT

Day

0.1965

0.2230

Night

0.1099

0.1247

Standing Charges

Daily

Annual

 

Ex. VAT

Inc. VAT

Ex. VAT

Inc. VAT

Standing Charge Rural Nightsaver

0.6001

0.6811

219.04

248.61

Public Service Obligation Levy

0.1144

0.1299

41.76

47.40

Prepayment Service Charge

0.330

0.3746

120.45

136.71

*Estimated Annual Bill (EAB) €1,240.58.

  1. SUNDRY CHARGES

Item

Fee

Call Out Charge

€150.00

Installation Fee

€80.00 (chargeable if canceled within the contract)

Early Termination Fee

€11.25 per month for the remaining months of the contract

Non-returned Meter Fee

€180.00

Non-return Freedom Unit or IHD (In-Home DIsplay) Fee

€50.00

Replacement Card Fee

€2.50 per card

Pros

  • In-Home Display & Smart App –  What sets Pinergy apart from other energy companies is its innovative approach in the monitoring and control of electricity. Its In-Home Display and Smart App enables the users to effectively keep record of their consumption in Euro, kWh, and even the CO2 emissions in real-time. 
  • No Monthly Billing – Pinergy is basically supplying prepaid renewable energy. Hence, paying your electricity in advance saves you the hassle of settling bills monthly like that of traditional utilities. Furthermore, this type of scheme also compels the user to efficiently manage its consumption within its preferred budget. Thus, preventing any unexpectedly high charges.
  • Cost-efficient – According to the market research conducted in October of 2016, results showed an almost 20% reduction in the electricity cost of 32% of Pinergy smart meter customers who participated in the said study.

Cons

  • Higher Tariffs – In general, customers may have limited access to cheaper energy rates. Pre-payment tariffs tend to usually be slightly higher in comparison to the pricings of a regular fixed or variable meter. 
  • Unexpected Disconnection – Sometimes when the energy consumption exceeds the prepaid amount available, consumers might experience an unexpected disconnection to the electricity supply. Nevertheless, Pinergy also offers an emergency credit top-up service though the rate is more expensive.
  • Top Up Frequency – How often the customers need to top up its credit varies accordingly, However, when the temperature is warmer the user may need to load up its credit more often than it usually would during the colder season. Thus, the task itself of frequently reloading credits during this period can be cumbersome for others.

Pinergy is a growing company that takes pride in incorporating advanced technology into its business. The firm makes it a point to ensure transparency by giving the consumers an edge to take full charge over its electricity consumption anytime anywhere. Apart from upholding the idea of convenience, they are also determined to pursue a cleaner and greener future of energy.