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Ireland energy report

Ireland energy report
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Format
4 files (PDF report, 3 Excel files)
Pages
64 (Report only)
Delivery
Immediate by e-mail
Table of Contents
  • GENERAL OVERVIEW
  • ENERGY AND CLIMATE POLICY FRAMEWORK
  • ENERGY COMPANIES
  • ENERGY SUPPLY AND DEMAND
  • ENERGY USE AND PRICE BY SECTOR
  • ISSUES AND PROSPECTS
  • STATISTICS
  • ABBREVIATIONS
  • GLOSSARY

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1 490 €

Overview

Ireland’s energy and climate strategy centres on ambitious emissions reduction, targeting net zero by 2050 through expanded renewables, offshore wind growth, and stricter sectoral limits. Market reforms and grid upgrades support decarbonisation, while hydrogen and interconnections enhance long-term energy security.

Get more details on the table of contents and data files, as well as the list of graphs and tables by browsing the tabs below.

Highlights

  • The country targets at least a 55% reduction in GHG emissions in 2030 (from 1990 levels).
  • The carbon tax rose by 14% to €64/CO2 in 2025.
  • ESB dominates the power sector, with half of the capacity and ownership of transmission and distribution.
  • Centrica leads the gas market with a share of 43% in 2024.
  • Gas imports have nearly doubled since 2018.
  • Natural gas represents half of the power mix, while the share of wind is surging (+27 pp since 2010 to 37% in 2024).
  • Total energy consumption has been decreasing slightly since 2021.
  • Gas prices for households have more than doubled since 2022.
  • Construction has begun on the 700 MW Celtic interconnector between Ireland and France. The country has 30 GW of wind capacity under development.
24%
energy savings targeted for 2030
37 GW
offshore wind target for 2050
37%
wind in the power mix (2024)

  • Energy & Climate Policy Framework

    The Department of Communications, Climate Action, and Environment (DCCAE) is responsible for the country's overall energy policy, including energy security, and competitiveness, governance of public energy companies and sustainable energy policy.

  • Energy Companies

    Electricity:

    ESB, Electricity Supply Board (96.5% State-owned), has a capacity of 6.3 GW (2024), which represents around half of the total capacity (49% in 2024). Total power capacity includes almost 1.8 GW of renewables (wind, hydro). In 2022, the company pledged to reach carbon neutrality by 2040 and increase its renewable capacity from 1 GW in 2021 to 5 GW in 2030.

  • Energy Supply & Demand

    Resources:

    Ireland has limited energy reserves, except for important peat reserves, estimated at 150 Mt. The gas reserves (26 bcm) and coal reserves (14 Mt) remain relatively modest.

    Ireland's energy independence rate decreased to 20% in 2024, compared to 36% in 2018, due to the depletion of the Kinsale Area gas fields' reserves and the stopping of peat production.

  • Energy Use and Price by Sector

    Energy Prices in Residential:

    In 2024, the electricity price decreased by 4% for households to €32.3c/kWh. In 2023, it increased by 25% to €33.7c/kWh.

    In 2024, gas prices for households continued decreasing by 15% to €13.2c/kWh, after a 70% increase in 2022.

    Graph: Energy Prices Including Taxes in Residential (EURc/kWh GCV)

  • Issues & Prospects

    Electricity:

    According to the 2024 Generation Capacity Statement 2023-2032, EirGrid predicts a challenging outlook with capacity deficits identified during the 10 years to 2032. The deficits will increase up to 2025 due to the deteriorating availability of power plants, resulting in their unavailability ahead of intended retirement dates, as well as increasing electricity demand.

  • Graph 1: Primary Intensity to GDP
  • Graph 2: Primary Consumption Trends by Energy Source (Mtoe)
  • Graph 3: Total Consumption Market Share by Energy (2024, %)
  • Graph 4: Installed Electric Capacity by Source (GW)
  • Graph 5: Installed Electric Capacity by Source (2024, %)
  • Graph 6: Gross Power Production by Source & Consumption (TWh)
  • Graph 7: Power Generation by Source (2024, %)
  • Graph 8: CO2 Intensity of Electricity Generation
  • Graph 9: Crude Oil Production & Consumption (Mt)
  • Graph 10: Petroleum Products Production & Consumption (Mt)
  • Graph 11: Gas Production & Consumption (bcm)
  • Graph 12: GHG Emissions and CO2-energy Emissions (MtCO2)
  • Graph 13: CO2-Emissions per Capita
  • Graph 14: CO2 Intensity to GDP
  • Graph 15: Final Demand Trends by Energy Source (Mtoe)
  • Graph 16: Final Consumption by Sector (Mtoe)
  • Graph 17: Final Consumption Market Share by Sector (2024, %)
  • Graph 18: Share of Electricity in Total Final Energy Consumption
  • Graph 19: Final Consumption in Industry by Energy Source (Mtoe)
  • Graph 20: Energy Prices Including Taxes in Industry (EURc/kWh GCV)
  • Graph 21: Final Consumption in Transport by Energy Source (Mtoe)
  • Graph 22: Energy Prices Including Taxes in Transport (EUR/l)
  • Graph 23: Final Consumption in Residential, Services, Agriculture by Energy Source (Mtoe)
  • Graph 24: Energy Prices Including Taxes in Residential (EURc/kWh GCV)
  • Graph 25: Upcoming New Capacity by Energy Source (GW)
  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.

The Ireland energy market data since 1990 and up to is included in the Excel file accompanying the Ireland country report.
It showcases the historical evolution, allowing users to easily work with the data.

Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Ireland Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Ireland energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).

The Ireland country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.

Data included in the excelsheet:

  • Demand: Primary energy consumption, final energy consumption, by fuel, by sector.
  • Power: Electricity generation & capacities, by technology.
  • CO2: Total CO2 emissions.
  • Macro-economy: Main macro-economic assumptions.
  • Key indicators: Energy intensity, share of renewables, CO2 emissions per capita and per unit of GDP.