Photograph: iStockWholesale electricity prices fell by 20.9 per cent in December compared with the same period last year, new data from the Central Statistics Office (CSO) shows. The wholesale price was 11.7 per cent lower in December than it was the previous month in November 2025. Despite recent cuts to wholesale prices, the cost to consumers remain elevated. “On the one hand, wholesale gas prices have eased over the past year. Mr Cassidy noted that wholesale electricity costs only amount to about a third of the price paid by households for electricity.

Source: The Irish Times January 23, 2026 06:07 UTC