Today's Electricity Prices — 12 March 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.

Today's Electricity Prices — 12 March 2026
Metric Value
Cheapest Period 22:30–23:00 (0.0248€/kWh)
Most Expensive Period 18:00–18:30 (0.126€/kWh)
Change vs Previous Day +12.59%
Use the price data above 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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Our energy experts at Selectra compare all 11 Irish suppliers to find you the lowest rate for your home — completely free.

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This is a free call from Ireland. Selectra agents can assist you with comparing and switching energy providers on weekdays between 9 am and 5.30 pm.

European Electricity Prices Comparison

Electricity prices vary significantly across European countries. Here is how Ireland compares on 12 March 2026:

European Electricity Prices Comparison
Country Price (€/kWh)
Ireland 0.167
United Kingdom 0.125
Netherlands 0.091
Poland 0.091
Romania 0.094
Slovenia 0.101

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

Ready to Switch and Save on Your Energy Bills?

Our energy experts at Selectra compare all 11 Irish suppliers to find you the lowest rate for your home — completely free.

Ad - Selectra Service
This is a free call from Ireland. Selectra agents can assist you with comparing and switching energy providers on weekdays between 9 am and 5.30 pm.

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