30-Second Overview
Wholesale gas prices directly affect business gas tariffs. They also affect wholesale electricity prices as over 50% of Ireland’s electricity is generated using natural gas. In a nutshell, wholesale gas prices directly impact both your gas and electricity bills. Tracking wholesale gas prices helps Irish businesses:
- Manage financial budgets
- Secure better gas contracts
- Time their energy procurement strategy effectively
💡 The table below shows monthly wholesale gas costs in Ireland. For specific advice based on your meter and usage profile speak to our energy experts. It's completely free. Just fill out our enquiry form, or call 01 547 0999 to speak with a Utilityfair energy expert immediately.
Monthly Wholesale Gas Prices – Ireland
| Month/Year | Monthly Average Price | % Change |
|---|---|---|
| 12 Month Average | 3.56 c/kWh | -11.59% |
| Apr 2026 (to date) | 4.65 c/kWh | -14.36% |
| Mar 2026 | 5.42 c/kWh | +61.05% |
| Feb 2026 | 3.37 c/kWh | -12.93% |
| Jan 2026 | 3.87 c/kWh | +32.40% |
| Dec 2025 | 2.92 c/kWh | -3.08% |
| Nov 2025 | 3.01 c/kWh | -2.77% |
| Oct 2025 | 3.10 c/kWh | -0.94% |
| Sep 2025 | 3.13 c/kWh | -0.47% |
| Aug 2025 | 3.14 c/kWh | -1.92% |
| July 2025 | 3.21 c/kWh | -8.38% |
| June 2025 | 3.50 c/kWh | +3.44% |
| May 2025 | 3.38 c/kWh | -2.94% |
| Apr 2025 | 3.48 c/kWh | -19.36% |
| Mar 2025 | 4.32 c/kWh | -18.02% |
| Feb 2025 | 5.27 c/kWh | -0.39% |
| Jan 2025 | 5.29 c/kWh | +11.65% |
| Dec 2024 | 4.74 c/kWh | +1.90% |
| Nov 2024 | 4.65 c/kWh | +12.95% |
| Oct 2024 | 4.12 c/kWh | +15.14% |
| Sept 2024 | 3.58 c/kWh | +5.79% |
| Aug 2024 | 3.38 c/kWh | +11.38% |
| July 2024 | 3.03 c/kWh | -8.93% |
| June 2024 | 3.33 c/kWh | +7.62% |
| May 2024 | 3.10 c/kWh | +7.101% |
| April 2024 | 2.88 c/kWh | +5.72% |
| Mar 2024 | 2.73 c/kWh | +8.00% |
| Feb 2024 | 2.53 c/kWh | -19.84% |
| Jan 2024 | 3.16 c/kWh | -6.70% |
| Dec 2023 | 3.38 c/kWh | -19.69% |
| Nov 2023 | 4.21 c/kWh | +0.05% |
| Oct 2023 | 4.21 c/kWh | +15.84% |
| Sept 2023 | 3.64 c/kWh | +10.05% |
| Aug 2023 | 3.30 c/kWh | +14.57% |
| July 2023 | 2.88 c/kWh | -8.46% |
| June 2023 | 3.15 c/kWh | +8.64% |
| May 2023 | 2.90 c/kWh | -26.17% |
| April 2023 | 3.93 c/kWh | -10.90% |
| Mar 2023 | 4.41 c/kWh | -15.99% |
| Feb 2023 | 5.25 c/kWh | -15.13% |
| Jan 2023 | 6.18 c/kWh | -44.55% |
| Dec 2022 | 11.15 c/kWh | +118.85% |
| Nov 2022 | 5.09 c/kWh | +19.02% |
| Oct 2022 | 4.28 c/kWh | -58.08% |
| Sept 2022 | 10.21 c/kWh | -33.42% |
| Aug 2022 | 15.34 c/kWh | +66.16% |
| July 2022 | 9.23 c/kWh | +62.29% |
| June 2022 | 5.69 c/kWh | - |
Why Should Businesses Monitor Wholesale Gas Prices?
Keeping track of wholesale natural gas prices is essential for cost control and financial planning. Here’s why it matters:
Key Reasons to Track Gas Prices:
-
Direct Cost Impact
Wholesale gas prices influence the unit rates you pay on your business gas bills. -
Electricity Price Link
As natural gas is used to generate 50% of electricity in Ireland, your electricity bill is directly tied to gas prices. -
Budgeting in a Volatile Market:
Energy markets are volatile, with sharp swings, making forecasting a challenge. Monitoring the wholesale gas prices helps you anticipate costs and manage your expenses more effectively. -
Better Timing = Better Contracts
Understanding wholesale gas price movements allows you to secure new gas contracts at the most favourable times, locking in better rates and achieving significant savings.
Can Businesses Buy Natural Gas at Wholesale Rates?
No. Businesses cannot buy gas at the 'raw' wholesale price. Your supplier must add regulated network charges , which go to Gas Networks Ireland, to maintain and operate the natural gas grid in Ireland. Regulatory charges vary by meter type.
-
Small Business Users (SBU):
~3.5c/kWh added to the unit rate. This covers transportation and capacity charges. -
Medium Business Users (MBU):
~1c/kWh included in the unit price. Other regulatory charges are billed separately as capacity charges and standing charges. -
Large Business (Daily Metered / Fuel Variation Tariff):
All regulatory charges are billed separately. Bills have a breakdown showing the gas commodity rate, site charge, fixed capacity charge, and transportation rate
What Factors Influence Gas Prices in Ireland?
1. Global Supply & Demand for Natural Gas
- Economic growth, gas field outages, or increased global consumption push prices up
- Oversupply can drive prices down
2. Natural Gas Storage Levels
- Low storage = upward price pressure (especially in winter)
- High storage = downward price movements
3. Natural Gas Transportation Infrastructure
- Gas pipeline outages, maintenance or LNG shipment delays create supply risk
- Ireland imports 75% of its gas from the UK, making it sensitive to UK market conditions
4. Geopolitical Events
-
Political conflicts and instability in gas-exporting countries can result in gas prices spiking
5. Currency Fluctuations
-
Euro/GBP exchange rates impact prices in Ireland, as Ireland's natural gas pipelines are interconnected with the UK and prices are set on UK commodity exchanges
6. Weather and Seasonal Demand
- Colder winters = demand spikes = higher prices
- Milder seasons reduce usage and ease price pressure
How Utilityfair Helps Businesses Save on Gas Costs
Utilityfair is Ireland's largest and most reviewed commercial energy broker. We can quickly analyse your gas bill and compare it against current market pricing from all suppliers. For you, this can be a time-consuming and sometimes complex task. For our energy experts, it only takes a couple of minutes. We already have the latest pricing from all suppliers loaded into our models. Utilityfair simplifies the process for you, and it is completely free.
👉 Get Started Today!
Fill out our enquiry form, click the link below or call 01 547 0999 to speak with a Utilityfair energy expert immediately and start saving.
Frequently Asked Questions (FAQs)
The wholesale natural gas prices is the cost of natural gas on commodity exchanges before taxes, supplier margins, and regulated charges are added. These prices are typically measured in pence per therm and fluctuate daily based on supply and demand. 1 therm = 29.307107 kWh.
Wholesale gas prices directly influence the unit rate suppliers charge. When wholesale costs rise, supplier rates increase. Likewise, falling wholesale prices create the opportunity to lock in cheaper fixed price gas contracts.
No. Businesses cannot access raw wholesale rates directly. Suppliers must apply additional costs, including network charges, capacity charges, and their own profit margin.
Wholesale gas prices fluctuate daily based on global market conditions. However, most business tariffs are fixed for 12 months to 36 months. Tracking wholesale gas prices helps you time contract renewals or switches to benefit from lower prices.
Key factors include: (i) Global supply and demand, (ii) UK gas market trends - Ireland imports 75% of its gas from the UK, (iii) Gas storage levels in Europe, (iv) Weather and seasonal demand, (v) Currency exchange rates (Euro vs GBP), and (vi) Geopolitical events affecting gas-exporting regions
Commercial gas pricing includes: (i) A commodity rate (linked to wholesale prices), (ii) Regulated charges - network and transportation, (iii) Standing and capacity charges - based on meter type, and (iv) Supplier margin and VAT.
Regulated gas charges are fees agreed by the energy regulator, and go to Gas Networks Ireland to cover the operation and maintenance of the national gas grid. These are added to all gas bills and vary by meter type and consumption level.
As of November 2025, the 12-month average wholesale gas price in Ireland is 3.79 c/kWh, with recent prices just below 3.0 c/kWh.
To reduce commercial gas costs: (i) Compare fixed and flexible tariffs, (ii) Track wholesale gas market trends, (iii) Avoid contract auto-renewals, (iv) Audit your current bill for hidden charges. Utilityfair can quickly do the heavy lifting for you with a free bill review and supplier comparison.
