'No magic supply' for Irish households facing higher heating costs this winter  

Experts predict wholesale prices in gas and oil will feed into higher utility, heating, and transport costs

Further price increases for households and motorists are predicted.

Irish households will likely face no let-up in price hikes this winter as wholesale prices in gas and oil feed into higher utility, heating, and transport costs, Irish experts have predicted. 

The warnings come as European wholesale gas prices held their elevated levels on Wednesday as nations build depleted stockpiles to offset risks of a bitterly cold continental winter. Risks to household heating and electricity have also increased should wind across Europe and hydro-electric power in Scandinavia fall below expectation for a second year.