Panda Power announces a price increase effective June 25th, 2021. Electricity and gas prices are set to increase by 9.8%.
New Dual Fuel plan available offering a 35% discount on electricity and gas rates. New 2-year gas tariff available which offers a 25% discount + €55 cashback. Offers exclusively available at bonkers.ie
Price increase effective May 17th. An increase in standing charges and unit rates are now applicable for new customers. New €50 welcome bonus available for new customers - exclusively available online.
New customer discount and cashback bonus reduced on gas, electricity and dual fuel bundles.
New 2-Year Electricity, Gas and Dual Fuel plans available. Plans offer a 31% discount and €100 cashback. Available to both new and existing Flogas customers. Exclusively available at bonkers.ie
Increase of approximately 8.2% to standard electricity rates.
Cashback value on ValueSaver Gas plan reduced from €60 to €55
Discount on Dual Fuel bundle reduced from 35% to 31%. New 30% Smart Green Future plan available.
Electric Ireland now offering €265 cashback on dual fuel and €210 on electricity. Both offers are exclusive to bonkers.ie
Flogas now offering a 31% discount on stand-alone electricity. A new 31% discount for stand-alone gas also available and exclusive to bonkers.ie
The average annual electricity bill in Ireland is €1,755.55 and the average annual gas bill is €1,465.82. So, the average household energy bill is €3,221.37 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 €2,507.95 for electricity and €2,132.88 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 €1,003.16 for electricity and €798.76 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.
Annual Consumption | Difference to national average | Estimated annual cost |
---|---|---|
2,100 kWh | -50% | €1,003.16 |
3,150 kWh | -25% | €1,379.36 |
4,200 kWh | 0% | €1,755.55 |
5,250 kWh | 25% | €2,131.76 |
6,300 kWh | 50% | €2,507.95 |
Annual Consumption | Difference to national average | Estimated annual cost |
---|---|---|
5,500 kWh | -50% | €798.76 |
8,250 kWh | -25% | €1,132.29 |
11,000 kWh | 0% | €1,465.82 |
13,750 kWh | 25% | €1,799.36 |
16,500 kWh | 50% | €2,132.88 |
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.
Supplier | Price plan |
Unit rate
per kWh
|
Standing charge
per day
|
PSO levy | VAT | Year one cost |
---|---|---|---|---|---|---|
Bord Gáis Energy | Free Time Sat Electricity | 0.83 cent | 59.88 cent | €0 | 9% | €1,290.08 |
Bord Gáis Energy | Free Time Sun Electricity | 0.83 cent | 59.88 cent | €0 | 9% | €1,290.08 |
Flogas | 1-Year Fixed Rate Smart Electricity | 31.82 cent | 64.98 cent | €0 | 9% | €1,504.42 |
Energia | Smart Data | 30.85 cent | 64.83 cent | €0 | 9% | €1,301.86 |
SSE Airtricity | 1 Year Fixed Smart Day/Night/Peak (Direct Debit & eBill) | 27.14 cent | 66.02 cent | €0 | 9% | €1,304.62 |
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 | 46.02 cent | €96.47 | 9% | €1,392.99 |
Bord Gáis Energy | Gas 20% Discount | 8.94 cent | 36.08 cent | €96.47 | 9% | €1,220.03 |
SSE Airtricity | Gas 20% (Direct Debit & eBill) | 9.16 cent | 41.72 cent | €96.47 | 9% | €1,264.61 |
Bord Gáis Energy | New Gas 16% | 9.38 cent | 36.08 cent | €96.47 | 9% | €1,269.19 |
SSE Airtricity | Gas 16% (Direct Debit & Post) | 9.61 cent | 41.72 cent | €96.47 | 9% | €1,314.97 |
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.