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Gas & Electricity Price Changes

Review changes to gas and electricity prices in Ireland

Electric Ireland

New EnergySaver 14% discount tariffs available from Electric Ireland.

16/11/2023
Announced
16/11/2023
Effective

Electric Ireland

New offers are now available from Electric Ireland. Home Dual 24-hour and Home Electric 24-hour plans now offer a 14% discount for existing customers. EnergySaver plans now offer a 10% discount for existing customers. Cashback tariffs are no longer available.

09/11/2023
Announced
09/11/2023
Effective

Community Power

Price reduction announced by Community Power. The reduction will see standard electricity rates reduced by 5% from December 1st

02/11/2023
Announced
01/12/2023
Effective

Yuno Energy

New Fixed and Variable rate electricity tariffs now available from Yuno Energy

09/10/2023
Announced
09/10/2023
Effective

Bord Gáis Energy

Price decrease announced by Bord Gáis Energy. The reduction will see electricity and gas prices reduced by 15.5%. New rates will be effective from November 9th.      

20/09/2023
Announced
09/11/2023
Effective

Flogas

New fixed-rate Electricity, Gas and Dual Fuel tariffs now available from Flogas.

20/09/2023
Announced
20/09/2023
Effective

Flogas

Price decrease announced by Flogas. The reduction will see electricity and gas prices reduced by 30%. New rates will be effective from November 6th.    

15/09/2023
Announced
06/11/2023
Effective

PrePayPower.ie

Price decrease announced by PrePayPower.ie. The reduction will see electricity rates reduced by 12.8% and gas rates reduced by 13.5%. New rates will be effective from November 1st.  

14/09/2023
Announced
01/11/2023
Effective

Bord Gáis Energy

Customer discount on Electricity, Gas and Dual Fuel plans increased from 10% to 15%

11/09/2023
Announced
11/09/2023
Effective

SSE Airtricity

Price decrease announced by SSE Airtricity. The reduction will see electricity rates reduced by 12% and gas rates reduced by 10%. New rates will be effective from November 1st  

08/09/2023
Announced
01/11/2023
Effective
Frequently asked questions

How much does gas and electricity cost in Ireland?

The average annual electricity bill in Ireland is €1,755.55 and the average annual gas bill is €1,482.13. So, the average household energy bill is €3,237.68 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 €2,157.34 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 €806.91 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% €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

How much does gas cost in Ireland?

Annual Consumption Difference to national average Estimated annual cost
5,500 kWh -50% €806.91
8,250 kWh -25% €1,144.52
11,000 kWh 0% €1,482.13
13,750 kWh 25% €1,819.74
16,500 kWh 50% €2,157.34

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 €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.

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
Yuno Energy 1 Year Smart Day/Night/Peak Fixed Electricity 0 cent 72.53 cent €0 9% €1,254.95
SSE Airtricity 1 Year Fixed Smart Day/Night/Peak (Direct Debit & eBill) 24.58 cent 66.02 cent €0 9% €1,204.35
Energia Smart Data 30.85 cent 64.83 cent €0 9% €1,301.86
Bord Gáis Energy EV Smart Electricity 33% 0.73 cent 89.17 cent €0 9% €1,221.88
Energia Standard Smart 33.34 cent 64.83 cent €0 9% €1,318.64

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
SSE Airtricity Gas 20% (Direct Debit & eBill) 9.16 cent 41.72 cent €111.43 9% €1,184.07
Flogas 1-Year Fixed Rate Gas 10.18 cent 46.02 cent €111.43 9% €1,409.29
SSE Airtricity Gas 16% (Direct Debit & Post) 9.61 cent 41.72 cent €111.43 9% €1,229.57
Bord Gáis Energy Gas 20% Discount 8.94 cent 36.08 cent €111.43 9% €1,236.33
SSE Airtricity Gas 10% (No Direct Debit & eBill) 10.3 cent 41.72 cent €111.43 9% €1,297.85

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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