Wholesale electricity prices down nearly 30% compared to last year

Producer prices for food products were down 6.6% in the year to April, with the largest drops seen in dairy products, CSO figures show

Wholesale electricity prices peaked in August 2022. 

Despite a slight increase compared to March, wholesale electricity prices were nearly 30% lower in April compared to the same period last year, new data from the Central Statistics Office (CSO) shows.

Electricity prices increased by 2.1% in April compared to March — the second month in a row where there has been an increase. However, electricity prices are now 77.2% lower than the peak experienced in August 2022.