Electricity prices in Ireland have been more central to public debate following recent price rises. The analysis accompanying this Research InBrief finds that prices in Ireland have risen substantially since the mid-1990s, outstripping growth elsewhere in Europe. A comparison of unit costs shows Irish prices moving from cheap to expensive compared to other European countries. This is particularly notable for prices before taxes and levies are applies, which form a comparatively small element of Irish prices. A decomposition of unit prices reveals that, while there is evidence for elevated network costs, price movements are mostly related to energy and supply costs. This is related to our reliance on natural gas and pricing model.
This Research InBrief reflects work undertaken in collaboration with the Energy Services Union (ESU).