Ireland among top five EU countries with largest gas price increases

At 73%, Ireland had one of the largest gas price increases across the European Union 

The spiralling cost of energy since the winter of 2021 has forced most Irish households to watch helplessly as the cost of energy more than doubled, with wholesale energy prices around 300% higher than they were in 2020.

Ireland was found to have one of the most dramatic gas price hikes in the European Union, with an increase of 73% in the first six months of 2023 compared to the same period last year.

The surge has placed Ireland amongst the top 5 countries with the largest price hikes in the EU for gas as the continent continues to grapple with supply issues and rising wholesale costs.