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Your guide to Electric Ireland’s electricity pricing

In a nutshell…

Electric Ireland is delighted to announce we have reduced our standard electricity prices by an average of 2% from November 16th 2015.

This reduction will benefit the average residential customer with a saving of €24.11 (including VAT) per year.

We hope that this guide will help you understand why electricity costs what it does and some of the ways in which we bring added value to you, our customer.

So let's begin ->

1 RAW FUELS

The first factor is based on the fuel needed to generate electricity. The cost of this raw fuel (including processing and transport costs) makes up 29% of a typical residential bill.

2 GENERATION

The next factor is the cost of ensuring that there is enough electricity generated to meet demand at all times in all locations. This makes up about 10% of your bill.

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3 TRANSMISSION & DISTRIBUTION

The third factor, which accounts for 28% of your bill, is distributing the electricity around the country.

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4 LEVIES & TAXES

The Commission for Regulation of Utilities applies a Public Service Obligation (PSO) Levy to all electricity customers to support the generation of electricity from sustainable and renewable sources. This cost makes up 7% of your bill. VAT accounts for 12% of your bill.

5 SUPPLY

The suppliers’ costs account for approximately 14% of your bill. At Electric Ireland, we believe that what we do should always be of value to you. We have introduced a number of initiatives to help our customers, please see below:

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