Gas & Electricity Price Changes

Review changes to gas and electricity prices in Ireland

Electric Ireland

New offers are now available for sign-up from Electric Ireland. HomeSaver 10% offers existing Electric Ireland smart meter customers a 10% discount for 12 months on a 24-hour unit rate.

27/01/2023
Announced
27/01/2023
Effective

Flogas

New energy tariffs now available from Flogas. The Winter Warmer fixed rate plans are now available for Electricity, Gas and Dual Fuel. The plans offer fixed rates for 12 months as well as up to €300 welcome credit.

09/01/2023
Announced
09/01/2023
Effective

Pinergy

Price increase announced by Pinergy. The latest increase will see electricity unit rates increased by 18% from January 9th, 2023.

09/12/2022
Announced
09/01/2023
Effective

SSE Airtricity

€150 welcome bonus, e-store credit and One4All vouchers are no longer available on 10% Dual Fuel and Electricity plans.

28/10/2022
Announced
28/10/2022
Effective

PrePayPower.ie

Price increase announced for domestic electricity. The latest increase will see electricity rates increase by 9.9% from December 1st, 2022.

28/10/2022
Announced
01/12/2022
Effective

Electric Ireland

New offers are available from Electric Ireland. New customers can now avail of a 14% discount on electricity rates or an 18% discount on dual fuel. €150 welcome credit is no longer available on non-smart electricity plans.

19/10/2022
Announced
19/10/2022
Effective

Energia

New customer discount reduced to 10% on all electricity, gas and dual fuel plans.

26/09/2022
Announced
27/09/2022
Effective

Flogas

Price increase announced by Flogas. The latest increase will see electricity rates increased by 17% and gas rates increased by 23%. The new prices will be effective from October 26th, 2022.

23/09/2022
Announced
26/10/2022
Effective

Electric Ireland

Discount offered on Electric Ireland's EnergySaver retention plans reduced from 22% to 14%

21/09/2022
Announced
21/09/2022
Effective

Bord Gáis Energy

New offers available from Bord Gais Energy. The new plans offer customers a 10% discount on both gas and electricity tariffs for 12 months. 39% and 21% discount tariffs are no longer available. Hive Starter Pack plans are also no longer available.

15/09/2022
Announced
15/09/2022
Effective
Frequently asked questions

How much does gas and electricity cost in Ireland?

The average annual electricity bill in Ireland is €2,120.39 and the average annual gas bill is €1,864.87. So, the average household energy bill is €3,985.26 over the course of a year.

The electricity calculation is based on Electric Ireland’s standard electricity rate for customers who use the national average amount of electricity in a year, which is 4,200 kWh.

The gas calculation is based on Bord Gáis Energy’s standard gas price plan for customers who consume the national average amount of gas, which is 11,000 kWh.

If you use more gas and electricity than the national average, your costs will be higher. If you use less, your costs will be lower.

If you live in a big house with a low BER rating and use appliances and devices that require a lot of electricity, your bills are likely to be a good bit bigger than the national average.

For example, if you consume 50% more electricity and gas than the national average, your bills will be about €3,029.12 for electricity and €2,712.62 for gas, including all taxes and charges.

Similarly, if your home is small and well insulated, your consumption will probably be much lower than the national average. If you use 50% less than the national average for gas and electricity, your annual bills will be €1,211.65 for electricity and €1,017.12 for gas.

As you can see, the cost of gas and electricity largely depends on how much energy you consume over the course of a year.

The tables below give a breakdown of how much gas and electricity cost in Ireland, depending on how much energy you consume.

How much does electricity cost in Ireland?

Annual Consumption Difference to national average Estimated annual cost
2,100 kWh -50% €1,211.65
3,150 kWh -25% €1,666.02
4,200 kWh 0% €2,120.39
5,250 kWh 25% €2,574.75
6,300 kWh 50% €3,029.12

How much does gas cost in Ireland?

Annual Consumption Difference to national average Estimated annual cost
5,500 kWh -50% €1,017.12
8,250 kWh -25% €1,440.99
11,000 kWh 0% €1,864.87
13,750 kWh 25% €2,288.75
16,500 kWh 50% €2,712.62

What charges make up my gas and electricity bill?

In Ireland, electricity bills are made up of unit rates, standing charges, the PSO levy and VAT. Gas bills are made up of unit rates, standing charges, Carbon Tax and VAT.

In the case of pay-as-you-go electricity or gas, a prepayment service charge is also included.

Unit rates are set by suppliers and are charged based on how much gas and electricity you use. Standing charges are also set by suppliers and are charged daily.

Value-added tax (VAT) and Carbon Tax are set by the Irish Government. VAT on energy prices is set at 9% and Carbon Tax is set at €20 per tonne.

The Public Service Obligation (PSO) Levy is set by the Commission for the Regulation of Utilities (CRU). The PSO Levy is used to subsidise renewable energy generation and peat burning power plants in Ireland. The levy currently stands at €0 and is charged to all electricity customersin Ireland.

The prepayment service charge is set by Ireland’s pay-as-you-go gas and electricity suppliers.

What charges make up an electricity bill in Ireland?

Supplier Price plan Unit rate
per kWh
Standing charge
per day
PSO levy VAT Year one cost
Electric Ireland Home Electric SST 40.9 cent 82.99 cent €0 9% €1,837.49
Energia Home Connect MCC16 (10%) 43.6 cent 64.83 cent €0 9% €1,845.15
SSE Airtricity 1 Year 10% Smart Electricity (Direct Debit & eBill) 43.41 cent 66.02 cent €0 9% €1,928.82
PrePayPower.ie Time of Use Tariff (SST) 41.54 cent 101.17 cent €0 9% €1,958.44
Bord Gáis Energy Smart Standard Electricity 15% 40.96 cent 77.02 cent €0 9% €1,967.73

What charges make up a gas bill in Ireland?

Supplier Price plan Unit rate per kWh Standing charge per day Carbon tax VAT Year one cost
SSE Airtricity 1 Year Gas (Direct Debit & eBill, 1 year contract) 12.07 cent 41.72 cent €81.51 9% €1,568.55
SSE Airtricity 1 Year Gas (Direct Debit & Post, 1 year contract) 12.64 cent 41.72 cent €81.51 9% €1,631.74
Energia Gas Offer 10% 13.33 cent 38.79 cent €81.51 9% €1,696.94
Bord Gáis Energy New Gas 10% 13.15 cent 46.4 cent €81.51 9% €1,704.20
SSE Airtricity 1 Year Gas (No Direct Debit & eBill, 1 year contract) 13.5 cent 41.72 cent €81.51 9% €1,726.58

What causes gas and electricity prices to change?

Changes to wholesale gas and electricity prices, changes to the PSO Levy, VAT and Carbon tax, and market conditions driven by competition between suppliers can cause your energy prices to change.

When Ireland’s energy suppliers decide to increase prices for households, it is usually as a result of increased wholesale gas and electricity prices or increased network charges.

If the CRU decides to increase the PSO Levy, or if the Irish Government decides to increase the VAT rate or Carbon Tax rate, your energy prices will go up too.

Suppliers sometimes cut prices for households to reward their existing customers and to compete for new customers.

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