International trends exert upward pressure on Irish energy prices

A report published today (17 July) by the Sustainable Energy Authority of Ireland (SEAI) highlights that average gas and electricity prices rose in the second half of 2010, driven by increases in global fuel prices. However, overall prices in Ireland remained competitive vis-à-vis energy pricing across the European Union.

By the end of 2010, all business consumers and most domestic consumers in Ireland were paying below the EU average price for gas. Many experienced price rises in the second half of the year, but these were broadly in line with international trends. For electricity, most consumers, business and domestic, saw average price falls in the first half of 2010, but rises in the second half. Ireland ended 2010 towards the middle of the EU rankings for electricity prices.

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