Electricity & Gas Prices in Ireland

38 ENERGY POLICY STATISTICAL SUPPORT UNIT
Figure 20 Business Electricity Prices (ex-VAT) in Band ID (2 nd semester 2007 to 2 nd semester 2015)
25
20
15
c/kWh
10
5
0
2007S2 2008S2 2009S2 2010S2 2011S2 2012S2 2013S2 2014S2 2015S2
EU-28 Range Ireland Euro Area EU-28
Source: Eurostat
4 Energy Prices for Business
Table 25 shows the ex-VAT electricity prices in band ID (2,000 – 20,000 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 the semesters and for the latest 12 months.
Price changes in S2 2015 ranged from a 35% increase in Romania to a 13% price decrease in Malta. Ireland
experienced a 4.2% decrease in the semester. The EU as a whole and the Euro Area experienced a 0.5% and 1.3%
decrease respectively in the second half of 2015.
Over the 12-month period S2 2014 – S2 2015 price changes varied from an 38% increase in Romania to a 29%
decrease in Cyprus. Ireland experienced a decrease of 1.8% over the 12-month period. The decrease in band ID for
Ireland compares with average decreases in the EU and the Euro Area of 0.7% and 3.2% respectively.
Ireland’s ranking for its price of electricity in this business consumption band (see Table 27) in the second half of 2015
remained at sixth most expensive.
Note that the percentage price change shown in Table 25 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. Figure 21 shows graphically the
percentage change in national currencies, arranged in increasing order of price change.
Tables for all electricity consumption bands are published in a separate annex which is available at
http://www.seai.ie/Publications/Statistics_Publications/Electricity_and_Gas_Prices/.