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Electricity prices in Ireland are 4th highest in the EU

Energy prices overall have dropped year-on-year

A report published by Eurostat this morning shows that Irish energy prices are the 4th highest in the EU. This comes hot on the heels of research from which shows the majority of Irish consumers are concerned about the cost of energy this winter.

According to the report from Eurostat, household electricity prices across the EU decreased by 0.5% on average between the first half of 2016 and the first half of 2017. Prices in the first half of 2017 ranged from below €10 per 100 kW/h in Bulgaria to more than €30 per 100kW/h in Denmark and Germany.

Irish electricity prices were down 0.6% year-on-year, coming in at €23.10 per 100kw/h. However, it’s worth noting that this decrease was prior to the energy price increases which have been announced in the past couple of months.

Eurostat says that household gas prices fell by 6.3% on average in the EU between the first halves of 2016 and 2017 to stand at €5.80 per 100 kW/h. Prices ranged from less than €3.50 per 100 kW/h in both Romania and Bulgaria to slightly above €12 per 100 kW/h in Sweden.

Irish gas prices were down 3.1% year-on-year, coming in at €6.30 per 100kw/h. This means Ireland was the 9th most-expensive EU country for gas in the first half of this year.

Cutting down on energy bills

There is strong competition in the Irish energy market, but the fact is that only about 15% of us switch each year, which means the majority of us are missing out on significant savings.

Switching gas and electricity only takes a few minutes, and the average dual fuel customer could save up to €359 by moving from typical standard tariffs to the cheapest deals on the market.

Switch now

You can also save by introducing some energy-saving measures around the home - our dedicated guides can help you get started.

Ireland amongst the most expensive countries for broadband too

This report follows another study last week - from BDRC Continental and UK website - which showed Ireland is one of the most expensive countries in Europe for broadband, too.

If you’re struggling to afford your broadband, and haven’t switched in a while, take a look at the broadband plans available and see if you can get a deal that might work better for you.

If you need TV and phone, as well as your broadband, you can usually save by opting for a broadband bundle. However, if you’re paying for a bundle at the moment and you find yourself not using certain elements of your plan, speak to your provider, or compare broadband-only packages, to see if you can save by going for a more basic plan.

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