Gas & Electricity Price Changes

Review changes to gas and electricity prices in Ireland

Energia

First-year discount percentage on Energia’s Home Dual Fuel bundle and Retention Dual Fuel reduced to 39% on Electricity and 38% on Gas. Cashback on Retention Dual Fuel reduced from €225 to €115.

20/04/2022
Announced
20/04/2022
Effective

Ecopower

Price increase announced by Ecopower. The latest increase will see electricity rates increased by 35%. New rates are effective from May 7th.

08/04/2022
Announced
07/05/2022
Effective

Flogas

Price increase announced by Flogas. The latest increase will see an increase of 27% to its standard unit electricity rate and a 29% increase to standard gas rates. New rates are effective from May 7th.

07/04/2022
Announced
07/05/2022
Effective

Iberdrola

Price increase announced from Iberdrola. The latest increase will see electricity rates going up by 28% and gas rates going up by 12%. New rates are effective from May 5th

05/04/2022
Announced
05/05/2022
Effective

Flogas

Flogas now offering new customers €200 credit on both 2-Year Dual Fuel and Electricity tariffs and 1-Year gas tariffs.

01/04/2022
Announced
01/04/2022
Effective

SSE Airtricity

Price increase announced by SSE Airtricity. The latest increase will see standard rates for electricity and gas rise by 30.3% and 39% respectively. New rates are effective from May 1st.

01/04/2022
Announced
01/05/2022
Effective

Panda

Price increase announced by Panda Power. The latest increase will see standard unit rates for both electricity and gas increase by 18%. New rates are effective from May 1st.

31/03/2022
Announced
01/05/2022
Effective

Electric Ireland

Price increase announced by Electric Ireland. The latest increase will see standard unit rates for electricity and gas rise by 22% and 25% respectively. New rates are effective from May 1st.

30/03/2022
Announced
01/05/2022
Effective

Energia

Price increase announced from Energia. New prices will see an increase of 15% to standard unit rates for both gas and electricity. New rates are effective from April 25th.

25/03/2022
Announced
25/04/2022
Effective

Bord Gáis Energy

Price increases announced by Bord Gáis Energy. Increases will see standard unit rates increased by 29% on electricity and 43% on gas. Changes are effective from April 15th.

15/03/2022
Announced
15/04/2022
Effective
Frequently asked questions

How much does gas and electricity cost in Ireland?

The average annual electricity bill in Ireland is €1,509.42 and the average annual gas bill is €1,339.71. So, the average household energy bill is €2,849.13 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 €2,099.98 for electricity and €1,924.88 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 €918.86 for electricity and €754.54 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% €918.86
3,150 kWh -25% €1,214.14
4,200 kWh 0% €1,509.42
5,250 kWh 25% €1,804.70
6,300 kWh 50% €2,099.98

How much does gas cost in Ireland?

Annual Consumption Difference to national average Estimated annual cost
5,500 kWh -50% €754.54
8,250 kWh -25% €1,047.12
11,000 kWh 0% €1,339.71
13,750 kWh 25% €1,632.29
16,500 kWh 50% €1,924.88

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 €51.60 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
Bord Gáis Energy Best Electricity Only Offer 23.81 cent 77.02 cent €51.60 9% €1,337.20
Energia Home Electricity 41% 21.41 cent 64.83 cent €51.60 9% €1,191.98
Energia Home Grow Electricity 21.41 cent 64.83 cent €51.60 9% €1,191.98
Electric Ireland EnergySaver 26% 20.81 cent 74.53 cent €51.60 9% €1,202.24
SSE Airtricity 1 Year Electricity 33% (Direct Debit & eBill) 22.26 cent 61.13 cent €51.60 9% €1,214.18

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
Electric Ireland EnergySaver Gas 14% 6.51 cent 39.61 cent €81.51 9% €949.35
Iberdrola Gas Discount Saver 32.5 6.62 cent 45.98 cent €81.51 9% €984.70
Bord Gáis Energy Best New Gas 32% 6.69 cent 46.4 cent €81.51 9% €993.68
Electric Ireland 2-Year ValueSaver Gas (Direct Debit & Online Billing) 5.5% 7.15 cent 39.61 cent €81.51 9% €1,020.09
Electric Ireland Standard Gas (Direct Debit & Online Billing) 7.11 cent 39.61 cent €81.51 9% €1,015.89

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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