Gas & Electricity Price Changes

Review changes to gas and electricity prices in Ireland

Electric Ireland

Increase of 5.9% in domestic electricity prices and 8.5% in domestic gas prices.

07/09/2012
Announced
01/10/2012
Effective

Bord Gáis Energy

Increase of 8.5% in domestic gas rates

04/09/2012
Announced
01/10/2012
Effective

Bord Gáis Energy

New range of innovative Electricity tariffs, including the ability to earn Tesco Clubcard points.

14/08/2012
Announced
14/08/2012
Effective

Electric Ireland

Simplification of tariffs on offer, re-introduction of free gift with dual fuel products.

01/08/2012
Announced
01/08/2012
Effective

SSE Airtricity

Simplification of tariffs on offer.

10/07/2012
Announced
10/07/2012
Effective

SSE Airtricity

Standard Standing Charge increased - analysis by Simon

02/03/2012
Announced
01/04/2012
Effective

SSE Airtricity

New tariffs announced for Electricity and Dual fuel offering up to 16% discount off Airtricity standard rates.

01/10/2011
Announced
01/10/2011
Effective

Flogas

Prices for existing residential customer increase by 21.5%.

29/09/2011
Announced
01/10/2011
Effective

Flogas

New natural gas tariffs announced offering up to 15% discount against regulated rates to new customers.

29/09/2011
Announced
01/10/2011
Effective

Bord Gáis Energy

Natural Gas regulated price increase of 21.72% approved by the regulator.

02/09/2011
Announced
01/10/2011
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 EnergySaver 26% 17.74 cent 57.2 cent €51.60 13.5% €1,012.44
SSE Airtricity Smart 1 Year Home Electricity 30% (Direct Debit & eBill) 18.58 cent 63.65 cent €51.60 13.5% €1,067.41
SSE Airtricity 1 Year Home Electricity 30% 18.58 cent 63.65 cent €51.60 13.5% €1,071.25
Bord Gáis Energy Smart Standard Electricity 18.22 cent 62.41 cent €51.60 13.5% €1,078.25

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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