Tue, 17 May 2022

Dublin, Ireland: Irish homeowners pay €250 more for their electricity each year than do homes in the EU.

A study has shown that electricity prices in Ireland are 26 percent higher than the EU average, and the fourth most expensive among EU countries.

Statistics from Eurostat indicate that only Germany, Denmark and Belgium have more expensive electricity.

The data shows that Irish consumers pay €254 more per year for electricity than the average European, according to the report.

Further, the data covers a period before prices again rose due to the war in Ukraine.

Officials note that Irish households could pay as much as €800-per-year more for electricity following recent price hikes.

Many are mystified by the high prices since there are some 12 suppliers of electricity in the residential market in Ireland.

The Eurostat report also detailed how Ireland is the eighth most expensive country for residential gas in the EU, though Irish gas prices are nearly the same as the EU average.

"Nothing is ever really cheap in Ireland. Whether it's food, drink, transport or rent, the price of everything here seems to be above the EU average," said Daragh Cassidy of analyst Bonkers.ie.

"And according to the latest figures from Eurostat, the EU's statistical agency, we can add electricity to the list, too."

Electricity prices were found to be lowest in Hungary, Bulgaria and Croatia.

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