Electricity & Gas Prices in Ireland

22 ENERGY POLICY STATISTICAL SUPPORT UNIT
Ireland has been above both the EU and Euro Area since the second half of 2011. In the current semester it was 11%
and 6.3% above the EU and Euro Area respectively.
Table 14 Average Electricity Prices (ex-VAT) to Business – All Consumption Bands
Electricity prices to Business
(ex-VAT) c/kWh
S1 2012 S2 2012 S1 2013 S2 2013 S1 2014 S2 2014 S1 2015 S2 2015
Ireland (weighted average) 13.10 13.76 13.88 13.83 13.89 13.60 14.03 13.58
Euro Area (average) 12.25 12.57 12.96 13.01 13.31 13.14 13.01 12.78
EU-28 (average) 11.72 12.03 12.24 12.27 12.49 12.38 12.40 12.24
Ireland relative to;
Euro Area 107.0% 109.5% 107.1% 106.2% 104.3% 103.5% 107.9% 106.3%
EU-28 111.8% 114.4% 113.3% 112.7% 111.3% 109.9% 113.2% 111.0%
Source: Eurostat
Figure 7
30
Average Electricity Prices (ex-VAT) to Business – Low Consumption Bands (IA, IB & IC)
25
20
3 Average Prices
c/kWh
15
10
5
0
S2 2007 S2 2008 S2 2009 S2 2010 S2 2011 S2 2012 S2 2013 S2 2014 S2 2015
Source: SEAI based on Eurostat data
EU-28 Range Ireland Weighted Average Euro Area EU-28
Figure 7 and Table 15 show the average electricity price to business in the Euro Area and the EU-28 and the weighted
average for the low consumption bands IA, IB and IC in Ireland. Given the caveat that the weighted average is not
fully comparable with the normal average, it can be seen that the price of electricity to business consumers in
Ireland has been above the EU over the period with the exception of S2 2010 and S1 2011. It has fluctuated above
and below Euro Area averages since second half of 2011. In the current semester it was 7.6% and 1.5% above the EU
and Euro Area respectively.
Table 15 Average Electricity Prices (ex-VAT) to Business – Low Consumption Bands (IA, IB & IC)
Electricity prices to Business
(ex-VAT) c/kWh
S1 2012 S2 2012 S1 2013 S2 2013 S1 2014 S2 2014 S1 2015 S2 2015
Ireland (weighted average) 15.33 15.65 15.85 15.75 15.89 15.78 16.29 16.24
Euro Area (average) 14.85 15.38 15.95 16.15 16.60 16.38 16.29 16.00
EU-28 (average) 14.14 14.62 14.89 15.04 15.37 15.23 15.29 15.09
Ireland relative to;
Euro Area 103.2% 101.7% 99.3% 97.5% 95.7% 96.3% 100.0% 101.5%
EU-28 108.4% 107.0% 106.4% 104.7% 103.4% 103.6% 106.5% 107.6%
Source: Eurostat