Weather and stockpiling keep gas prices low

Warm weather and the stockpiling of gas has knocked nearly a quarter of the wholesale price of gas, according to the latest Wholesale Market Report on Irish energy prices.

The crucial factor in lowering prices was warmer weather conditions since winter last year, and the absence of any major unplanned outages in sources of supply to the network.

As a result, there is 27% more gas in the European system now than at the same time last year.