facebook

Gas & Electricity Price Changes

Review changes to gas and electricity prices in Ireland

Pinergy

Price decrease announced by Pinergy. The change will see an 8.4% reduction in standard electricity rates. The new rates will be effective from April 1st, 2024.      

26/02/2024
Announced
01/04/2024
Effective

Energia

Energia now offers new customers up to 31% discount on electricity and 26% discount on dual fuel.

23/02/2024
Announced
23/02/2024
Effective

Electric Ireland

Existing Electric Ireland customers can now receive a 22% discount on dual fuel and electricity plans.

21/02/2024
Announced
21/02/2024
Effective

Yuno Energy

Electricity rates reduced on standard and variable rate plans by Yuno Energy. New rates are effective from April 1st, 2024. 

19/02/2024
Announced
01/04/2024
Effective

Yuno Energy

New 1-year fixed-rate electricity tariff now available from Yuno Energy

19/02/2024
Announced
19/02/2024
Effective

SSE Airtricity

New fixed-rate electricity and dual fuel tariffs now available from SSE Airtricity.

15/02/2024
Announced
15/02/2024
Effective

Electric Ireland

Discount on Electric Ireland's Energysaver tariffs increased from 14% to 24%. Cashback no longer available.

12/02/2024
Announced
12/02/2024
Effective

Energia

Energia now offering new customers up to 26% discount on electricity and up to 21% discount on dual fuel.

08/02/2024
Announced
08/02/2024
Effective

Flogas

Price decrease announced by Flogas. The change will see a 15% reduction in standard electricity unit rates and a 25% reduction in standard gas unit rates. The new rates will be effective from March 25th, 2024.    

07/02/2024
Announced
25/03/2024
Effective

Flogas

New 1-year fixed-rate electricity, gas and dual fuel tariffs now available from Flogas.

07/02/2024
Announced
07/02/2024
Effective
Frequently asked questions

How much does gas and electricity cost in Ireland?

The average annual electricity bill in Ireland is €1,757.54 and the average annual gas bill is €1,466.95. So, the average household energy bill is €3,224.49 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 €2,510.50 for electricity and €2,134.37 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 €1,004.62 for electricity and €799.53 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% €1,004.62
3,150 kWh -25% €1,381.10
4,200 kWh 0% €1,757.54
5,250 kWh 25% €2,134.02
6,300 kWh 50% €2,510.50

How much does gas cost in Ireland?

Annual Consumption Difference to national average Estimated annual cost
5,500 kWh -50% €799.53
8,250 kWh -25% €1,133.24
11,000 kWh 0% €1,466.95
13,750 kWh 25% €1,800.67
16,500 kWh 50% €2,134.37

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
SSE Airtricity 1 Year Fixed Smart Electricity (Direct Debit & eBill) 27.14 cent 66.2 cent €0 9% €1,296.91
Energia Home Electricity (31% Discount) 28.41 cent 65 cent €0 9% €1,341.74
Yuno Energy 1 Year Fixed Electricity 31.54 cent 72.73 cent €0 9% €1,590.32
Yuno Energy 1 Year Smart Fixed Electricity 31.54 cent 72.73 cent €0 9% €1,590.32
SSE Airtricity 1 Year Fixed Electricity (Direct Debit & eBill) 27.14 cent 66.2 cent €0 9% €1,381.56

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
Flogas 1-Year Fixed Rate Gas 10.18 cent 46.15 cent €96.47 9% €1,393.46
SSE Airtricity Gas 20% (Direct Debit & eBill) 9.16 cent 41.84 cent €96.47 9% €1,265.03
Bord Gáis Energy New Gas 16% 10.37 cent 36.2 cent €96.47 9% €1,270.20
SSE Airtricity Gas 16% (Direct Debit & Post) 9.61 cent 41.84 cent €96.47 9% €1,315.39
Energia Gas Offer (10% Discount) 10.66 cent 38.9 cent €96.47 9% €1,362.33

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.

See what our customers say about bonkers.ie

Independent Service Rating based on verified reviews. Read all reviews.