Wholesale electricity prices down 18% while food prices up 4%, says CSO

Prices down 18.5% year-on-year

Electricity prices are down 74% from their peak in August 2022.

Wholesale electricity prices declined by 18.5% in the year to October, new data from the Central Statistics Office (CSO) shows, as producer prices for food rose by 4.1%.

While electricity prices are down compared to last year, they are up 6.6% compared to September with customers also being hit with price increases as a number of electricity providers implemented price increases in advance of the high demand winter period.