Electricity & Gas Prices in Ireland. 1 st Semester 2013

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1 Electricity & Gas Prices in Ireland 1 st Semester 2013

2 Overview Energy Prices to Business Highlights Trends and EU comparisons Energy Prices to Households Highlights Trends and EU comparisons

3 Global Oil Prices

4 UK National Balancing Point Gas Price (actual day p&c/kwh)

5 Business Customers Electricity y( (ex-vat) The focus of this presentation is on the comparative electricity and gas price data for the second semester (July December) of 2012 with updated data for Ireland for 1 st semester There has been significant ifi fluctuation ti in oil and gas prices since Crude oil prices peaked in July 2008 at $148 per barrel. The average price over the year in 2008 was $97. During the second half of 2012 the average price of a barrel of oil was $110, a fall of 2.7% relative to the first half of Between the second half of 2011 and the first half of 2012 the price (in sterling) of natural gas at the UK balancing point rose by 4.3%. During the same period the value of the euro fell against sterling resulting in the gas price rise being 10.4% in euros terms. During the second semester of 2012 there was a further 7.9% increase in the euro price of gas.

6 Business Customers Electricity y( (ex-vat) The upward pressure on gas prices in 2012 as mentioned above caused a knock-on effect on electricity prices. In addition, the rebates on electricity for large energy users (LEU) ended on 30th September 2012 which contributed to higher rates of price increase in the larger consumption bands ID, IE and IF. During the period July - December 2012 electricity prices to small business customers in Ireland (band IB) increased by the smallest amount (1.4%). These consumers account for 31% of the business electricity market. Other small to medium business consumers saw prices increase by 6% and 8.3% (bands IC and IA respectively). These consumers account for 22% of the business electricity market. Large business consumers (bands ID, IE and IF) saw prices increase of 15.2%, 17.3% and 12.5% respectively during the second half of These consumers account for 47% of the business electricity market.

7 Band IB price change in 2 nd semester 2012

8 Band IC price change in 2 nd semester 2012

9 Band ID price change in 2 nd semester 2012

10 Business Electricity Prices (ex-vat) Ranking in EU Business Electricity it Prices (ex-vat) Band IA 5 Band IB 2 Band IC 2 Band ID 2 Band IE 2 Band IF 2

11 Business Electricity Prices (ex-vat) Ranking in EU Business Electricity it Prices (ex-vat) Band IA Band IB Band IC Band ID Band IE Band IF No. of Countrie s

12 Business Electricity Prices (ex-vat) 2012 Electricity Prices to Business Consumers (excluding VAT) Cost /kwh % change Relative to Relative to EU since last EU Average Average semester Band share of market Band IA % 107% 105% 5.7% Band IB % 114% 115% 31.3% Band IC % 118% 115% 16.6% Band ID % 108% 100% 27.5% Band IE % 115% 101% 12.7% Band IF % 116% 105% 6.2%

13 Business Electricity Prices (ex-vat) 2012

14 Business Electricity Prices (band IB ex-vat) +2.2%

15 Business Electricity Prices (band IC ex-vat) -2.3%

16 Business Electricity Prices (band ID ex-vat) -3.1%

17 Business Electricity Prices (band IE ex-vat) -4.1%

18 Business Electricity Prices (band IF ex-vat) -5.5%

19 Business Customers - Gas In the second semester of 2012 natural gas prices to business customers in Ireland in the three smallest consumption bands (49% of consumption) experienced increases of between 12.2% and 15.5%. Despite this, the two smallest consumption bands (I1 and I2) remained below the EU average (by 4% and 6% respectively). The price to consumers in band I3 moved from being 4% below the EU average during the first semester of 2012 to 5% above during the second. This band accounted for 19% of business consumption. Larger consumers in band I4 (51% of business consumption) experienced an increase of 4.8% during the semester and remain 6% below the EU average.

20 I3 Price change in 2 nd semester 2012

21 I4 Price change in 2 nd semester 2012

22 Business Gas Prices (ex-vat) Ranking in EU Business Gas Prices (ex-vat) Band I1 6 Band I2 7 Band I3 4 Band I4 12 Band I5.. Band I6..

23 Business Gas Prices (ex-vat) Ranking in EU Business Gas Prices (ex-vat) Band I Band I Band I Band I Band I Band I No. of Countries

24 Business Gas Prices (ex-vat) 2012 Gas Prices to Relative to % change Relative to Business Cost EU Band share of since last EU Average Consumers c/kwh Average market semester (excluding VAT) Band I % 96% 88% 10.4% Band I % 94% 87% 20.2% 2% Band I % 105% 96% 18.9% Band I % 4.8% 94% 92% Band I5 : : : : 50.6%

25 Business Gas Prices (ex-vat) 2012

26 Business Gas Prices (band I3 ex-vat) -5%

27 Business Gas Prices (band I4 ex-vat) +6.8%

28 Residential Customers - Electricity The price of electricity to households in the second semester of 2012 increased for all levels of consumption, ranging from 6% to 8%. In bands DC and DD, which account for 82% of electricity consumption in households, the increase was 6.2% and 7.1% respectively while the average increase in the EU in these bands was 3.9% and 4.7% respectively. When purchasing power parities are applied, prices in the band with the largest share of consumers (band DD) were 1% below the EU average and 5% below the Euro Area average. Half of all household electricity consumption was in band DD.

29 DC Price change in 2 nd semester 2012

30 DD Price change in 2 nd semester 2012

31 Residential Electricity Prices Ranking in EU Household Electricity Price (All Taxes Included) Band DA 1 Band DB 4 Band DC 3 Band DD 4 Band DE 7

32 Residential Electricity Prices Ranking in EU Household Electricity Price (All Taxes Included) Band DA Band DB Band DC Band DD Band DE No. of Countries

33 Residential Electricity Prices ( )(all taxes incl.) 2012 Electricity Prices Relative to % change Relative to to Residential Cost EU Band share of since last EU Average Consumers c/kwh Average market semester (all taxes included) Band DA % 204% 196% 1.1% Band DB % 132% 130% 8.3% Band DC % 116% 114% 31.5% Band DD % 107% 104% 50.1% Band DE % 95% 94% 9.0%

34 Residential Electricity Prices(all taxes incl.) 2012

35 Residential Electricity Prices ( ) )(band DC all taxes incl.)

36 Residential Electricity Prices ( ) )(band DD all taxes incl.)

37 Residential Customers - Gas In the second semester 2012 natural gas prices to residential customers in Ireland increased by 9.4% for most (94%) consumers. Gas prices to Irish households were 6% below the EU average during this semester. When purchasing power parities are applied, gas prices to Irish households were 13% below the EU average.

38 D2 Price change in 2 nd semester 2012

39 Residential Gas Prices (all taxes incl.) Ranking in EU Household Gas Price (All Taxes Included) Band D1 2 Band D2 8 Band D3 8

40 Residential Gas Prices (all taxes incl.) Ranking in EU Household Gas Price (All Taxes Included) Band D Band D Band D No. of Countries

41 Residential Gas Prices ( ) )(all taxes incl.) 2012 Gas Prices to Residential Consumers (all taxes included) Cost c/kwh % change since last semester Relative to EU Average Relative to EU Average Band share of market Band D % 76% 80% 3.8% Band D % 94% 97% 93.8% Band D % 98% 97% 2.3%

42 Residential Gas Prices(all taxes incl.) 2012

43 Residential Gas Prices ( ) )(band D2 all taxes incl.)

44 Thank you. The Sustainable Energy Authority of Ireland is partly financed by Ireland s EU Structural Funds Programme cofunded by the Irish Government and the European Union.

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