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Gas & Electricity Price Changes

All changes to energy price plans are shown below

Iberdrola

Fixed-rate products in Gas, Electricity, and Dual-Fuel no longer available.

21/10/2020
Announced
21/10/2020
Effective

Electric Ireland

New customer welcome credit on Smarter Pay-As-You-Go increased from €150 to €265 

14/10/2020
Announced
14/10/2020
Effective

Glowpower

Glowpower has announced an increase in the cost of its residential electricity prices with a scheduled 4.8% increase to come into effect from November 1st.

 

 

02/10/2020
Announced
01/11/2020
Effective

Flogas

New Flogas tariffs available. New Green Future Dual Fuel tariff offers a 31% discount on both gas and electricity. The Green Future Dual Fuel Cashback plan offers a 30% discount and €90 cashback. The Green Future Electricity plan offers a 35% discount and the Green Future Gas plan offers a 30% discount

 

01/10/2020
Announced
01/10/2020
Effective

Flogas

With the colder winter months fast approaching, energy supplier Flogas has made the decision to reduce the cost of its natural gas for residential gas customers by 10%.

01/10/2020
Announced
01/11/2020
Effective

BEenergy

BE Energy announce an electricity price increase with a 2.9% rise scheduled to come into effect for customers from November 1st.

01/10/2020
Announced
01/11/2020
Effective

Pinergy

Pinergy has announced an increase in the cost of its residential electricity prices with a scheduled 2.7% increase to come into effect from November 1st.

01/10/2020
Announced
01/11/2020
Effective

Iberdrola

The leading green energy supplier Iberdrola will increase its standard variable tariff by 3.4%. The change will come into effect from November 1st.

01/10/2020
Announced
11/10/2020
Effective

Electric Ireland

Cashback values on ValueSaver tariffs increased to €265 on Electricity plans and to €350 on Dual Fuel plans.

01/10/2020
Announced
23/10/2020
Effective

Flogas

New Autumn Saver tariffs available from Flogas. New plans include a 33% discount off electricity rates and 36% off gas rates. Cashback plans are also available. New plans available to both new and existing Flogas customers.

21/09/2020
Announced
21/09/2020
Effective

How much does gas and electricity cost in Ireland?

The average annual electricity bill in Ireland is €1,097.70 and the average annual gas bill is €773.75. So, the average household energy bill is €1,871.45 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 €1,515.53 for electricity and €1,112.16 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 €679.88 for electricity and €435.35 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% €679.88
3,150 kWh -25% €888.80
4,200 kWh 0% €1,097.70
5,250 kWh 25% €1,306.62
6,300 kWh 50% €1,515.53

How much does gas cost in Ireland?

Annual Consumption Difference to national average Estimated annual cost
5,500 kWh -50% €435.35
8,250 kWh -25% €604.55
11,000 kWh 0% €773.75
13,750 kWh 25% €942.96
16,500 kWh 50% €1,112.16

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 13.5% 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 €78.24 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
BEenergy Budget Bonus 28% Plus 12.95 cent 38.61 cent €78.24 13.5% €789.04
bright bright future 14.8 cent 23.09 cent €78.24 13.5% €794.70
Energia Cheapest Electricity 41% 12.97 cent 49.66 cent €78.24 13.5% €814.94
Energia Cheapest Electricity 41% 12.97 cent 49.66 cent €78.24 13.5% €814.94
Bord Gáis Energy Best Electricity Only Offer 14.44 cent 46.69 cent €78.24 13.5% €865.60

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
Bord Gáis Energy Best Gas Only Offer 4.16 cent 26.56 cent €51.81 13.5% €613.07
Iberdrola Gas 29 4.19 cent 27.68 cent €51.81 13.5% €620.77
Bord Gáis Energy Best Gas Only Offer 4.33 cent 26.56 cent €51.81 13.5% €631.67
Flogas 25% Icebreaker (Existing Customer) 5.34 cent 13.77 cent €51.81 13.5% €639.46
Electric Ireland SuperSaver Gas (Direct Debit & Online Billing) 4.76 cent 19.72 cent €51.81 13.5% €653.88

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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