Irish Household Being Charged Highest Electricity Prices In Europe

Tuesday, 25 April 2023 09:24

By Caoimhe Harney

Gas prices are also among the most expensive in Europe.

The price of electricity in Ireland is the highest in Europe, according to new research that is likely to pile pressure on the Government for further relief to households.

The Irish Independent reports, the unit price for electricity is almost double the European average, according to the Household Energy Price Index, which was commissioned by the Austrian energy regulator and the Hungarian energy regulator.

Gas prices are also among the most expensive in Europe.

The cost of electricity has doubled for Irish households in the last two years.

The Household Energy Price Index calculates the supports per capita in Ireland at €1,071 since September 2021.

This figure includes three €200 energy credits, the last of which is due to be paid by the end of this month.

The survey found residential electricity prices, including taxes, varied from 9.2c per kilowatt hour in Hungary to 49.9c in Ireland. The EU average was 28.3c.

Irish energy companies have not cut prices for households despite a sharp drop in wholesale costs. Recent Central Statistics Office figures show wholesale electricity prices dropped here by more than 50pc in the year to last month.

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