Irish wholesale electricity prices fell by almost a quarter in February from the same month last year, the Central Statistics Office (CSO) said on Monday, despite recent rises in the retail price of energy to households. Wholesale electricity prices – the prices paid by energy retailers before selling them on to households and businesses – were some 72.1 per cent lower than the peak that occurred in August 2022, following the Russian invasion of Ukraine earlier that year. Even before the US bombing of Iran, households were paying more for electricity in recent months. Household electricity prices were up 4.7 per cent over the 12 months to the end of February, according to the CSO’s most recent consumer price index, published earlier this month. However, producer prices for exported goods were down by 6.3 per cent over the same time period, leaving manufacturing producer prices down 5.5 per cent year-on-year.

Source: The Irish Times March 24, 2026 10:01 UTC