Current NBP Gas Price Today
Today's NBP Price
€116.76
per MWh — 09/04/2026
≈ €1.3427/m³
vs Previous Day
+2.20%
€114.25/MWh on 08/04/2026
Tomorrow's NBP Price
—
Not yet published
What Determines the Price of Natural Gas in Ireland?
Ireland's natural gas spot market price is primarily determined by the cost of gas at the UK's National Balancing Point (NBP) hub, plus transportation costs, as the majority of its gas is imported from Britain via subsea pipelines.
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Daily NBP Gas Prices
Day-ahead NBP gas prices over the last 21 trading days, in EUR per MWh:
Source: NBP day-ahead prices via Selectra price tracker.
Monthly Average NBP Gas Prices
Average monthly NBP gas prices over the past 11 months, in EUR per MWh:
Source: NBP monthly averages via Selectra price tracker.
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How Do Dynamic Gas Prices Work?
In many energy markets, a dynamic pricing model is used, particularly for wholesale transactions. The gas market operates on a day-ahead basis. Every day, the wholesale price for gas is set for the following day. This price is determined on a gas exchange, such as the Title Transfer Facility (TTF) in the Netherlands or the UK's National Balancing Point (NBP) hub which largely determines the price in Ireland.
Additional Costs Applied:
- VAT
- Carbon Tax
- Network Charges
Therefore, while the wholesale price is the main driver of cost, your final bill is a combination of the fluctuating market price and these fixed or semi-fixed costs. This is what differentiates a dynamic contract from a fixed-rate contract, where the wholesale price component is locked in for a set period, providing price certainty but potentially missing out on lower market prices.
Are Dynamic Gas Tariffs Available in Ireland?
As of now, dynamic gas tariffs are not widely available to consumers in Ireland. The current focus is on electricity, with dynamic tariffs scheduled to launch on June 1, 2026. These tariffs require a smart meter and allow electricity prices to change based on real-time market conditions.
Current Tariff Models in Ireland:
- Fixed-Rate: The price per unit of gas is locked in for a set contract period.
- Variable-Rate: The price can change over time at the supplier's discretion.
While dynamic pricing for gas may be introduced in the future, for now, consumers are limited to these fixed or variable rate plans.
Dynamic tariffs, whether for gas or electricity, rely on smart meters that can track consumption in half-hourly intervals. While smart meter rollouts are underway for both electricity and gas, the dynamic pricing model for gas is not as developed or mandated as it is for electricity.
What's the Difference Between a Dynamic Gas Tariff and a Fixed Gas Tariff in Ireland?
In Ireland, a gas tariff is how an energy provider charges a customer for their gas usage. The two main types of residential tariffs are fixed and dynamic. The key difference lies in how the unit price of gas is determined.
| Feature | Fixed Gas Tariff | Dynamic Gas Tariff |
|---|---|---|
| Unit Price | Stays the same for contract duration | Fluctuates based on real-time market prices |
| Price Stability | High, provides certainty for budgeting | Low, bills can be unpredictable |
| Savings Potential | Limited, no benefit from market drops | High, by shifting usage to cheaper times |
| Risk | May pay more if market prices drop | May pay more if market prices spike |
| Best For | Consumers who prioritize predictable bills | Flexible consumers who can adjust usage |
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What Determines the Price of Natural Gas?
The price of natural gas is determined by a complex interplay of supply and demand, influenced by various global and regional factors:
- Supply and Demand: When gas supply is low and demand is high (e.g., during a cold winter), prices tend to rise. Conversely, an oversupply with low demand will cause prices to fall.
- Geopolitical Events: Political instability, conflicts, or sanctions in major gas-producing regions (like Russia or the Middle East) can disrupt supply lines and cause prices to spike.
- Weather Conditions: Extreme weather events, such as prolonged cold spells or heatwaves, directly impact demand for heating and electricity, leading to price changes.
- Storage Levels: The amount of gas held in storage facilities is a critical indicator of future supply. High storage levels suggest a surplus, while low levels signal potential scarcity.
- Renewable Energy Generation: The output from renewable sources like wind and solar can indirectly affect gas prices. When there is a lot of wind or sun, less gas is needed to generate electricity.
- Economic Activity: A strong economy typically leads to higher industrial demand for gas. A recession can reduce demand and cause prices to fall.
- Infrastructure: The capacity and reliability of pipelines and LNG terminals are crucial. Bottlenecks or damage can limit supply and lead to price increases.
- Market Speculation: Financial traders and investors can influence prices by speculating on future supply and demand on commodity exchanges.