Our Department has no direct function in the setting of electricity costs. Under the Electricity Regulation Act 1999 and the Gas (Interim) (Regulation) Act 2002, sole responsibility for the regulation of the electricity and gas markets is a matter for the Commission for Energy Regulation (CER), which is an independent statutory body.
Electricity prices in the retail electricity markets are fully deregulated for all consumers and are not regulated by CER. CER's regulation of the electricity retail prices to domestic consumers ended in 2011. The electricity prices charged to businesses, and the prices charged by all other suppliers, were either never regulated or had been deregulated before then. The CER was assigned the function of market monitoring under the European Communities (Internal Market in Electricity) Regulation 2010 (S.I. 450 of 2010). Please visit the CER website for general information on electricity prices and CER's factsheet on electricity prices in Ireland.
Given that prices are no longer regulated, suppliers set prices as entirely commercial and operational matters for them. Customers can therefore avail of competitive offerings from electricity suppliers. Business and domestic consumers can, and should, take action to offset price increases by shopping around for better prices and value in the market. More information on switching suppliers. Two CER approved websites; bonkers and switcher are very helpful in helping consumers to choose the products that best suit their needs and assisting them to switch energy suppliers.
The Sustainable Energy Authority of Ireland (SEAI) has a lead role in developing and maintaining comprehensive national and sectoral statistics for energy. SEAI publishes biannual reports on average electricity and gas prices in Ireland. The reports cover electricity and natural gas price data published by Eurostat, collected for Ireland and other European countries.