Today's Electricity Prices — 26 February 2026
The electricity prices shown below are based on the day-ahead market prices for Ireland (Single Electricity Market). Prices vary throughout the day based on supply and demand.
Use the price data below to plan your energy usage around the cheapest times of day. Running appliances like washing machines, dryers, and dishwashers during off-peak hours can lead to significant savings.
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Understanding Electricity Prices
Wholesale electricity prices in Ireland are set on the Single Electricity Market (SEM), a shared market between Ireland and Northern Ireland. Prices are determined through a day-ahead auction where generators bid to supply electricity.
What Affects Electricity Prices?
- Wind generation: Higher wind output typically lowers prices
- Gas prices: As gas plants often set the marginal price, gas costs directly impact electricity prices
- Demand: Peak demand periods (typically 5pm–7pm) see higher prices
- Interconnector flows: Imports from and exports to Great Britain affect supply availability
How to Save on Electricity
If you have a smart meter with a time-of-use tariff, you can take advantage of price variations throughout the day:
- Off-peak hours: Run high-consumption appliances during the cheapest periods (typically overnight)
- Peak avoidance: Minimise usage during the most expensive periods (typically early evening)
- Smart scheduling: Use timer functions on appliances to automatically run during cheaper periods