Gas & Electricity Price Changes

Review changes to gas and electricity prices in Ireland

Glowpower

Price increases to both Welcome and Welcome 15 electricity tariffs.

20/07/2021
Announced
20/07/2021
Effective

Electric Ireland

Welcome credit on 2-Year electricity and dual fuel plans reduced to €230 and €315, respectively.

16/07/2021
Announced
16/07/2021
Effective

Panda Power

Price increase announced for residential electricity. Household electricity bills are expected to increase by 5.4%. Change effective from August 16th.

16/07/2021
Announced
16/08/2021
Effective

Bord Gáis Energy

The latest price increase from Bord Gais Energy will see its electricity unit rate go up by 12.5% and its gas unit rate by 14%. The price change will come into effect from 8th August.

07/07/2021
Announced
08/08/2021
Effective

Electric Ireland

The latest price increase from Electric Ireland will see its electricity unit rate go up by 9% and its gas unit rate by 7.8%. The price change will come into effect from August 1st.

 

01/07/2021
Announced
01/08/2021
Effective

Electric Ireland

Cashback bonus on ValueSaver Gas plan increased from €75 to €100

29/06/2021
Announced
29/06/2021
Effective

Flogas

New offers are now available from Flogas offering a 35% discount on standalone Electricity, Gas and Dual Fuel plans. Both 1 and 2 Year contracts available.

24/06/2021
Announced
24/06/2021
Effective

Electric Ireland

New 2-Year plans for all Electric Ireland energy tariffs now available. New plans come with increased cashback values and/or a free Google Nest Cam Indoor.

15/06/2021
Announced
15/06/2021
Effective

Electric Ireland

Sign up to Electric Ireland's ValueSaver Gas plan and receive €135 cashback. Offer exclusively available on bonkers.ie

14/06/2021
Announced
14/06/2021
Effective

Energia

Increase of approximately 9.7% to standard electricity and gas rates.

09/06/2021
Announced
08/07/2021
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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