Electricity & Gas Prices in Ireland

Recommendations

Info

42 ENERGY POLICY STATISTICAL SUPPORT UNIT Figure 23 Business Electricity Prices (ex-VAT) 2 nd Semester 2015 20 20.5 16.4 15 13.6 c/kWh 10 11.2 9.7 8.8 5 0 Band IA Band IB Band IC Band ID Band IE Band IF Ireland Euro Area EU-28 Source: Eurostat Table 27 shows Ireland’s ranking in the EU for the ex-VAT prices paid by business for electricity over the time period ranging from S2 2012 – S2 2015. A ranking of 1 means the most expensive. The bottom row of the table shows the number of countries on which the ranking is based. Table 27 should also be read in conjunction with the market share of each band as shown in Table 26. 4 Energy Prices for Business Table 27 Ireland’s Ranking in EU for Business Electricity Prices (ex-VAT) Ranking of electricity prices to business consumers (ex-VAT) July ‘12 – Dec ‘12 Jan ‘13 – Jun ‘13 July ‘13 – Dec ‘13 Jan ‘14 – Jun ‘14 July ‘14 – Dec ‘14 Jan ‘15 – Jun ‘15 July ‘15 – Dec ‘15 Band IA 7 7 8 8 8 7 6 Band IB 4 5 6 6 6 7 5 Band IC 4 5 5 5 5 5 6 Band ID 4 7 5 7 7 6 6 Band IE 6 7 8 8 8 6 8 Band IF 7 10 9 7 6 7 7 No. of Countries 30 30 30 30 30 30 30 Source: Eurostat In the latest semester, the consumption bands IB was the highest ranking, at fifth most expensive in the EU. Since the last semester, band IE improved by two places to eight and band IC by one place to sixth, while band ID and IF remained in sixth and seventh places respectively. 4.1.5 Business Electricity Prices – Euro Area Comparison Among the Euro Area countries, business electricity prices in Ireland for the second half of 2015 were above or at the average in all bands, ranging from band IA being at the Euro Area average to bands IB and IC being 9% above. Table 28 Business Electricity Prices (cents) (2 nd semester 2015) – Euro Area Comparison Electricity prices to business consumers (excluding VAT) Price c/kWh Relative to Euro Area average S2 2015 Relative to Euro Area average S1 2015 Band IA (Consumption < 20 MWh) 20.5 100% 102% Band IB (20 MWh < Consumption < 500 MWh) 16.4 109% 106% Band IC (500 MWh < Consumption < 2,000 MWh) 13.6 109% 111% Band ID (2,000 MWh < Consumption < 20,000 MWh) 11.2 101% 104% Band IE (20,000 MWh < Consumption < 70,000 MWh) 9.7 102% 106% Band IF (70,000 MWh < Consumption < 150,000 MWh) 8.8 108% 109% Source: Eurostat
ELECTRICITY & GAS PRICES IN IRELAND – 2 ND SEMESTER (JULY – DECEMBER) 2015 43 4.1.6 Disaggregation of Business Electricity Prices Once a year Eurostat collects a disaggregation of electricity prices from Member States, breaking the average price in each consumption band into its components of energy and supply, network costs and taxes and levies. Table 29 shows the disaggregation of electricity prices to business in consumption band IC for S2 2015, sorted by the share of energy and supply in the ex-tax price. With reference to Table 29, the energy and supply component in Ireland was 9.7 c/kWh out of the 13.6 c/kWh total price. This represented 79% of the price exclusive of all taxes, it was the fourth highest in absolute terms and the sixth highest, out of 31 countries, in terms of the share of the ex-tax price. Network costs accounted for 21% of the ex-tax price or 2.6 c/kWh in absolute terms. This was the seventeenth highest in absolute terms and twenty-sixth in terms of the share of the ex-tax price. Table 29 Disaggregated Business Electricity Prices 2 nd Semester 2015 Disaggregate price in c/kWh Share in ex-tax price % Country Total Price Energy and Network Costs Non-Recoverable Energy and Network Costs Supply Taxes and Levies Supply Bulgaria 7.8 6.7 1.1 0.1 86.1% 13.9% Turkey 7.0 5.8 1.0 0.2 85.0% 15.0% Malta 13.7 11.5 2.2 0.0 84.0% 16.0% Spain 11.3 8.9 1.9 0.6 82.3% 17.7% Cyprus 14.1 10.5 2.7 0.9 79.9% 20.1% Ireland 13.6 9.7 2.6 1.3 78.9% 21.1% Italy 16.0 7.2 2.0 6.8 78.3% 21.7% Netherlands 8.4 5.2 2.0 1.2 72.6% 27.4% United Kingdom 15.2 10.5 4.1 0.6 72.1% 27.9% Finland 7.1 4.6 1.8 0.7 71.8% 28.2% Slovenia 8.7 5.0 2.1 1.6 70.4% 29.6% Serbia 6.8 4.4 1.9 0.5 70.0% 30.0% Hungary 8.7 5.4 2.4 0.9 69.1% 30.9% Luxembourg 8.9 5.5 2.6 0.9 67.9% 32.1% Austria 10.5 4.8 2.5 3.2 65.3% 34.7% Lithuania 10.0 5.3 3.0 1.7 63.9% 36.1% Poland 8.6 5.1 3.0 0.5 62.6% 37.4% Germany 14.9 5.0 3.1 6.8 61.6% 38.4% Portugal 11.5 6.2 3.9 1.5 61.4% 38.6% Denmark 9.1 3.4 2.4 3.2 58.7% 41.3% Czech Republic 7.8 4.4 3.3 0.1 57.2% 42.8% Sweden 5.9 3.3 2.5 0.1 57.1% 42.9% France 9.5 4.0 3.0 2.5 57.1% 42.9% Croatia 9.3 4.9 3.8 0.5 56.1% 43.9% Estonia 9.6 4.5 3.7 1.3 55.0% 45.0% Romania 8.0 3.7 3.1 1.2 54.2% 45.8% Latvia 11.8 4.9 4.3 2.7 53.4% 46.6% Belgium 10.8 4.9 4.3 1.6 53.2% 46.8% Montenegro 7.6 3.9 3.8 0.0 50.5% 49.5% Norway 6.8 2.4 2.9 1.5 44.6% 55.4% 4 Energy Prices for Business Source: Eurostat Figure 24 shows graphically the disaggregated components that make up the electricity prices to business in Ireland for all bands.
Page 1 and 2: Electricity & Gas Prices in Ireland
Page 3 and 4: Electricity & Gas Prices in Ireland
Page 5 and 6: ELECTRICITY & GAS PRICES IN IRELAND
Page 43: ELECTRICITY & GAS PRICES IN IRELAND

Electricity & Gas Prices in Ireland

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?