Electricity & Gas Prices in Ireland

24 ENERGY POLICY STATISTICAL SUPPORT UNIT
3.2 Average Gas Price to Business
Figure 9
7.0
Average Gas Prices (ex-VAT) to Business – All Consumption Bands
6.0
5.0
4.0
c/kWh
3.0
2.0
1.0
3 Average Prices
0.0
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 9 and Table 17 show the average gas price to business across all consumption bands in the Euro Area and the
EU-28 and the weighted average across all bands 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 gas to business consumers in Ireland was below
both the EU and Euro Area between S2 2009 and S2 2013. Since then it has been above the EU average and since S1
2014 has been below the Euro Area average. In the current semester it was 0.7% above the EU and 1% below Euro
Area.
Table 17 Average Gas Prices (ex-VAT) to Business – All Consumption Bands
Gas 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) 3.74 4.05 4.16 4.37 4.07 4.01 3.85 3.68
Euro Area (average) 4.11 4.18 4.38 4.32 4.17 4.03 3.90 3.72
EU-28 (average) 3.98 4.07 4.21 4.18 4.04 3.93 3.82 3.66
Ireland relative to;
Euro Area 90.8% 96.9% 94.8% 101.3% 97.7% 99.7% 98.7% 99.0%
EU-28 94.0% 99.4% 98.7% 104.7% 100.7% 102.2% 101.0% 100.7%
Source: Eurostat