Irish electricity prices quadrupled since 1996

January 12, 2026 | 1:20 pm

Mairéad Farrell 2 - Copy

Irish households pay an average of €360 more per year on electricity bills than the western EU average.

That’s according to a report by the Nevin Economic Research Institute, a think tank backed by the Irish Congress of Trade Unions.

It said that between January 1996 and September 2025, Irish electricity prices increased fourfold – more than double the increase in inflation for consumer prices during the same period.

The report noted a “close link” between wholesale electricity costs and natural gas prices and a “historic underinvestment” in network infrastructure as key factors.

Mairéad Farrell, Sinn Féin TD for Galway West and party spokesperson on public expenditure, has been speaking to Midwest Radio’s Scott Stephens…

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