Top 3 Cheapest Energy Suppliers in Ireland
Top 3 cheapest energy suppliers in Ireland based on 4,200 kWh a year. Call our Selectra agents to find out more!
Urban 24 hour meter
Urban 24 hour meter
Urban 24 hour meter
Top 3 cheapest energy suppliers in Ireland based on 4,200 kWh a year. Call our Selectra agents to find out more!
Urban 24 hour meter
Urban 24 hour meter
Urban 24 hour meter
The average electricity bill in Ireland is €1,718.31 for 24hr urban meter. Discover the current average costs for electricity and gas in Ireland and see if you are one of the many Irish overpaying for their energy bills.
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Unfortunately, there are no official statistics telling us what the average electricity bill in Ireland is. However, we can make a good estimate with what we know! The average electricity bill in Ireland is €1,718.31 for homes with a 24hr urban meter.
This works out to €143,19 for the average monthly electricity bill. We remind you that the quickest and most effective way to save money on gas and electricity bills is to compare energy offers and switch energy providers every 12 months. This can usually save you anything from over €300-500 a year.
Supplier | Estimated Annual Bill (€) |
---|---|
Flogas | 1,476.50 |
Yuno Energy | 1,479.73 |
SSE Airtricity | 1,596.07 |
Bord Gáis | 1,691.33 |
Energia | 1,706.36 |
Average | 1,718.31 |
Electric Ireland | 1,818.36 |
Waterpower | 1,865.44 |
Community Power | 1,937.87 |
PrepayPower | 2,023.20 |
Ecopower | 2,116.77 |
Pinergy | 2,184.85 |
EABs for 24hr urban meters only. Other meter type bills may vary.
Average EAB calculated with a weighted average approach taking into account the different market share of each provider.
Customers can also save money on their bills through collective switching, as well as through energy schemes, such as the Fuel Allowance and the Free Electricity Allowance.
The average gas bill in Ireland works out at €1,472.26 per year, or €122,68 a month. Gas prices have been the main culprit behind the current inflation so with the rise in prices the average gas bill has also risen. As with our calculations for the average electricity bill, for the average gas bill, we can look at Bord Gáis’ standard rate and work it out from there.
However, do bear in mind that bills will be much less during the warmer months, and much more costly during winter. Gas seems like it might be a reasonably priced solution for heating and hot water, but have you looked into other solutions such as heat pumps?
The Commission for Regulation of Utilitie (CRU) monitors and collects information from Irish electricity and gas providers. According to the CRU, the average annual usage of electricity for an Irish household is 4,200 kWh.
This works out to approximately 350 kWh per month. However, this amount can vary greatly from month to month. School holidays or situations where more people are at home than usual can increase this figure. For household trips or holidays, when fewer people are at home than is the norm, this figure can decrease.
The CRU has placed the average gas consumption per household in Ireland at 11,000 kWh per annum. Why is gas consumption so much higher than electricity consumption, at 11,000 kWh compared to 4,200 kWh?
The reasons lie mainly in the way gas is used. Almost 64.7% of the energy used in EU households is used for home heating. As the main purpose of natural gas usage in Irish households is heating, meaning the amount of energy needed for heating will naturally be almost double the energy needed for other energy consumption purposes.
Gas boilers are not as efficient as electric radiators, losing at least 10% of the energy consumed. For every kilowatt-hour of gas used up, only 90% of it will be converted to heat. In theory, usage of 11,000 kWh per year will result in an average of 946 kWh consumed per month. In reality, most gas consumption for any household will occur in the colder months.
Unlike with electricity, since gas is mainly used for heating, your home’s Building Energy Rating (BER), level of insulation, and air-tightness will also greatly affect your usage.
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The EAB is the Estimated Annual Bill. The EAB is calculated by multiplying the standard rates or discounted rates of a supplier with the average annual usage amount of 4,200 or 11,000 kWh and adding on standing charges, VAT, and levies.
While using the average annual usage amounts is helpful by setting a level for all suppliers to be compared against, and also to help customers see which are the cheapest energy deals, it is not all that helpful for calculating the average annual bill for your household.
When electricity or gas usage increases, the cost per unit becomes cheaper as fixed charges like the standing charge and PSO levy are spread over a larger amount of consumption.
In contrast, when usage decreases, the cost per unit goes up, potentially triggering a low user standing charge. To understand your household's consumption, calculate the total kWh from your past twelve bills. This will help you budget for future bills and assess if your household's consumption is above or below average to help with cost of living.
Looking to switch energy providers? Save 31% with Energia!
Our energy specialists can help you switch to a better energy plan in just a few minutes!
Looking to switch energy providers? Save 31% with our discount!
We're currently closed but please leave us your number and we'll give you a free callback as soon as we'open!
Unfortunately, Ireland is a heavy energy user when compared to other EU countries. As per the Paris Agreement, we have been reducing both our carbon footprint and cut down on the financial impact on households. Ireland has also implemented a carbon tax to disincentive the use of fossil fuels and provide financing for offsetting CO2 emissions and investing in renewable technology.
Smart meters are just one part of the solution to us becoming more energy aware, and the construction of the Celtic Interconnector should also exert downward pressure on the price of energy in Ireland, leading to cheaper electricity.
Given the energy crisis throughout Europe and the rest of the world, the price of electricity is continuing to soar and it's getting more and more costly to pay our energy bills. The latest figures from Eurostat indicate that Ireland's electricity prices have increased by 42% since 2020 from €0.2616/kWh to €0.3718/kWh in late 2022 making Ireland's electricity the third highest across the EU:
Source: Eurostat
Again looking at Eurostat, the gas prices in Ireland are still relatively high though there are signs that the gas price is falling. At the moment, Ireland occupies the 5th place when it comes to gas prices, according to the Late 2022 statistics, at €0.0690/kWh. This has been an increase of 20%!
Source: Eurostat
We employed a weighted average method to calculate the average electricity and gas bill. This approach ensures that the average reflects the varying rates charged by different energy suppliers and their respective market shares in Ireland.
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The services and products mentioned on this website may only represent a small selection of the options available to you. Selectra encourages you to carry out your own research and seek advice if necessary before making any decisions. We may receive commission from selected partner providers on sales of some products and/or services mentioned within this website. Our website is free to use, and the commission we receive does not affect our opinion or the information we provide.
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