Gas & Electricity Price Changes

Review changes to gas and electricity prices in Ireland

Panda Power

Panda Power launches as a new supplier into the residential electricity market with an offer of 18% electricity discount

04/06/2015
Announced
04/06/2015
Effective

Electric Ireland

Electric Ireland launches €30 cash-back offer when customers sign up to their loyalty scheme Powering Rewards

22/04/2015
Announced
22/04/2015
Effective

SSE Airtricity

Reduction in standard unit rates for both Electricity and Gas, plus a reduction in standing charges for both Electricity and Gas. 

01/04/2015
Announced
01/04/2015
Effective

Flogas

Reduction of 3% in standard unit rates for Gas

01/04/2015
Announced
01/04/2015
Effective

Energia

Introduction of new Electricity only tariff offering 19% discount against Energia's standard electricity unit rate. Introduction of new Dual Fuel tariff offering an Electricity discount of 18% against Energia's standard electricity unit rate and a Gas discount of 17% against Energia's standard gas unit rate

01/04/2015
Announced
01/04/2015
Effective

Electric Ireland

Reduction of 2.5% against standard gas unit rate

01/04/2015
Announced
01/04/2015
Effective

SSE Airtricity

Reduction of 2% off standard Electricity unit rates and a further reduction of 4% off standard Gas unit rates. Prices effective April 1st 2015.

26/01/2015
Announced
01/04/2015
Effective

Bord Gáis Energy

Reduction of 3.5% to standard Gas rates and 2.5% to standard Electricity rates. Prices effective March 16th.

22/01/2015
Announced
16/03/2015
Effective

Electric Ireland

Introduction of new discounts for ValueSaver and ValueReward tariffs offering up to 15% discount on standard Electricity and 11% discount on standard Gas rates .

21/01/2015
Announced
21/01/2015
Effective

Flogas

Introduction of a new 20% discount tariff (with a slightly higher standing charge).

31/12/2014
Announced
01/01/2015
Effective

How much does gas and electricity cost in Ireland?

The average annual electricity bill in Ireland is €1,274.15 and the average annual gas bill is €989.74. So, the average household energy bill is €2,263.89 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 €1,777.55 for electricity and €1,422.72 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 €770.76 for electricity and €556.76 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.

How much does electricity cost in Ireland?

Annual Consumption Difference to national average Estimated annual cost
2,100 kWh -50% €770.76
3,150 kWh -25% €1,022.45
4,200 kWh 0% €1,274.15
5,250 kWh 25% €1,525.85
6,300 kWh 50% €1,777.55

How much does gas cost in Ireland?

Annual Consumption Difference to national average Estimated annual cost
5,500 kWh -50% €556.76
8,250 kWh -25% €773.26
11,000 kWh 0% €989.74
13,750 kWh 25% €1,206.24
16,500 kWh 50% €1,422.72

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 €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 19.3 cent 62.41 cent €51.60 13.5% €1,096.76
Electric Ireland HomeSaver Electric+ 26% 17.74 cent 57.2 cent €51.60 13.5% €997.98
Bord Gáis Energy Green Electricity 36% 17.15 cent 62.41 cent €51.60 13.5% €1,006.67
Bord Gáis Energy Green EV Electricity 36% 17.15 cent 62.41 cent €51.60 13.5% €1,006.67
Electric Ireland EnergySaver 26% 17.74 cent 57.2 cent €51.60 13.5% €1,012.44

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 5.53 cent 33.91 cent €66.66 13.5% €807.96
Bord Gáis Energy 25% Gas Only Offer 5.39 cent 33.91 cent €66.66 13.5% €792.23
Electric Ireland EnergySaver Gas 14% 5.42 cent 32.99 cent €66.66 13.5% €792.50
Electric Ireland 2-Year ValueSaver Gas (Direct Debit & Online Billing) 5.5% 5.96 cent 32.99 cent €66.66 13.5% €851.43
Electric Ireland Standard Gas (Direct Debit & Online Billing) 5.93 cent 32.99 cent €66.66 13.5% €848.06

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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