Electricity & Gas Prices in Ireland

30 ENERGY POLICY STATISTICAL SUPPORT UNIT
Table 26).
The price of electricity to Irish business in this consumption band fell throughout 2009 and 2010, and into the first
half of 2011. Prices then increased generally, with slight dips in the second halves of 2013 and 2014.
Figure 14 Business Electricity Prices (ex-VAT) in Band IB (2 nd semester 2007 to 2 nd semester 2015)
30
25
20
c/kWh
15
10
5
0
2007S2 2008S2 2009S2 2010S2 2011S2 2012S2 2013S2 2014S2 2015S2
EU-28 Range Ireland Euro Area EU-28
4 Energy Prices for Business
Source: Eurostat
In the second half of 2015 prices in this band increased by 0.1%, the only business band to increase in Ireland this
semester, while prices in the EU and the Euro Area fell by 2.2% and 2.8% respectively. This resulted in prices in
Ireland moving to 14.7% above the EU average and to 8.9% above the Euro Area average, as shown in Figure 14. Price
changes in S2 2015 ranged from a 15% increase in the Bulgaria to a 30% price decrease in the Netherlands.
Table 23 shows the ex-VAT electricity prices in band IB (20 – 500 MWh per annum) for the five semesters between the
second half of 2013 and the second half of 2015 for all countries in the EU. Also shown is the price change for each
country between each subsequent semester and for the most recent 12 months for which data is available.
Over the 12-month period S2 2014 – S2 2015 price changes varied from a 13% increase in Bulgaria to a 24% decrease
in Malta. Ireland experienced an increase of 2.7% over the 12-month period. This increase for Ireland compares with
a 0.9% decrease in the EU and a 2.5% decrease in the Euro Area.
Ireland’s ranking for the price of electricity in this business consumption band (see Table 27) in the second half of
2015 was the fifth most expensive.
Note that the percentage price change shown in Table 23 is calculated from the published Eurostat euro values for
each country. Percentage price changes in national currencies may differ considerably from these as significant
moves in the currency exchange rate with the euro may distort price changes. Percentage changes in national
currencies are shown in Figure 15.
Tables for all electricity consumption bands are published in a separate annex which is available at
www.seai.ie/statistics.