Selectra Gas Price Tracker: Today's Gas Prices

Content Manager

Cormac is Selectra.ie's energy expert along with being the chief content and editorial manager for the website. His aim is to help find the best deal for you and your home energy needs so that you save money on your annual bills. His knowledge and experience of the Irish energy market allows him to offer the best advice and insight into current prices, emerging trends and overall energy saving tips.

Updated on 18/09/2025

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Gas Price Today: Current Daily Gas Price in Ireland

The gas price from 17/09/2025 (latest known price) on the NBP market is €79,52 per MWh, which is approximately €0,9145 per m3. This gas price is valid from 17/09/2025, 6:00 AM to 18/09/2025, 6:00 AM. Discover more about today's gas price in the Selectra Dynamic Price Checker.

Current Gas Price Today

The latest known gas price (17/09/2025) is:

Gas Price 17 September 2025

€0,9145 m3

+0,28% compared to 16 September

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.

Development of Dynamic Gas Prices

The following charts show the development of average gas prices:

Average Daily NBP Day Ahead Price in Ireland

Source: NBP

€/kWh

Average Monthly NBP Day Ahead Price in Ireland

Source: NBP

€/kWh

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 laregely determines the price in Ireland.

Consumers pay the market price for gas, but this is subject to additional costs that are shown on the energy bill.

These include:

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.

The gas market in Ireland primarily offers these traditional tariff models:

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.

Here's a breakdown of the current situation:

Focus on Electricity: The Commission for Regulation of Utilities (CRU) has mandated that all electricity suppliers with over 200,000 customers must offer a dynamic electricity tariff. The official launch date for this is set for June 1, 2026. This is a key part of Ireland's strategy to meet its renewable energy targets by encouraging consumers to use electricity when it's cheapest and cleanest (e.g., when there is a lot of wind or solar power).
Smart Meters: 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.
Gas Tariffs: The gas market in Ireland primarily offers two types of tariffs:

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.

Dynamic vs Fixed Gas Tariffs
Feature	Fixed Gas Tariff	Dynamic Gas Tariff
Unit Price	Stays the same for the 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 price drops	High, by shifting usage to cheaper times
Risk	You may pay more if market prices drop	You may pay more if market prices spike
Best For	Consumers who prioritize predictable bills and budgeting	Flexible consumers with the ability to adjust usage to save money

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.

The price you pay for gas is not static; it fluctuates based on several key elements including:

Supply and Demand: This is the most fundamental principle. 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 (which is often generated using gas), 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, which can put downward pressure on prices, while low levels signal potential scarcity and can drive prices up.
Renewable Energy Generation: The output from renewable sources like wind and solar power can indirectly affect gas prices. When there is a lot of wind or sun, less gas is needed to generate electricity, which can lower demand and prices.
Economic Activity: A strong economy typically leads to higher industrial demand for gas, which can increase prices. A recession, on the other hand, can reduce demand and cause prices to fall.
Infrastructure: The capacity and reliability of pipelines and Liquefied Natural Gas (LNG) terminals are crucial. Bottlenecks or damage to this infrastructure can limit supply and lead to price increases in specific regions.
Market Speculation: Financial traders and investors can influence prices by speculating on future supply and demand. Their trading activities on commodity exchanges can create price volatility.

Learn More About Energy Saving Our energy guide articles contain lots of useful information on saving energy, lowering costs, the electricity market and having a more positive impact on the environment.