We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Darren Pullman via Shutterstock

Power surge: Ireland's electricity prices rise by more than EU average

Ireland’s power prices rose 10 per cent last year – among the highest increases anywhere in the European Union.

IRISH CUSTOMERS were faced with some of the European Union’s highest increases in electricity prices in 2012, new figures have shown.

Data compiled by the EU’s statistics body Eurostat shows that Irish customers faced a 10 per cent increase in electricity prices between the second half of 2011 and the second half of 2012.

Of the other 26 EU countries, only three – Cyprus (21 per cent), Greece (15 per cent) and Italy (11 per cent) – had higher increases in prices.

Electricity prices rose by 6.6 per cent on average throughout the EU, and by 6.1 per cent within the 17 members who use the euro. Prices rose in 22 EU countries, and fell in only three.

Bulgaria has the EU’s cheapest electricity, with an average cost of €9.60 for 100 kilowatt hours, while Denmark has the continent’s highest at €29.70. Ireland’s costs came in at €22.90 per 100 kilowatt hours.

A converse effect was seen in gas, where Ireland’s prices – when adjusted to allow for the purchasing power of various currencies – rose by the fifth-lowest amount within the 27-member bloc.

Gas prices rose by 6.2 per cent in Ireland, below the EU average of 7.2 per cent and the eurozone average of 7.6 per cent.

Romania has the cheapest gas in the EU, at €2.70 for the equivalent of 100 kilowatt hours, while Swedes pay exactly €10 more than that – €12.70 – for the same amount.

Irish customers pay €6.70 per 100 kilowatt hours, the Eurostat data said.

Read: Gas from a dump in Kildare to become electricity for 14,000 houses

More: Bord Gáis says 100,000 customers have agreed repayment plans

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Your Voice
Readers Comments
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.