Friday 9 December 2016

Electricity bills are third highest in Europe

Published 28/05/2015 | 02:30

Ireland has the third highest electricity prices in Europe
Ireland has the third highest electricity prices in Europe

Ireland has the third highest electricity prices in Europe with consumers here paying 22pc more than most for power.

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And households here were also hit with one of the biggest price hikes for electricity last year, a new Eurostat report shows. The cost went up by 5.4pc which was nearly twice the average EU increase of 2.9pc between late 2013 and 2014.

We're also in the top 10 when it comes to gas prices.

The report shows Irish households pay €25.40 per 100 kilowatt hours for power compared with an EU average of €20.80.

Consumers in Denmark and Germany pay the most at around €30 while Bulgaria is far cheaper at just €9.

Some 26pc of Irish electricity cost is down to government taxes and levies which compares with just 5pc in the UK. However, that's significantly lower than Denmark and Germany where the taxman takes over 50pc of the price.

In fact when you exclude taxes and charges, the raw cost of electricity is higher in Ireland than in any other country, with Britain the next dearest.

Irish Independent

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