Wholesale cost of electricity hits three-year low

It's forecast customers will 'see another round of price cuts in the second half of the year'

Electricity prices are now at their lowest levels since March 2021.

The wholesale cost of electricity fell by 47% during February compared to the same period last year dropping to its lowest levels in nearly three years, new data from the Central Statistics Office (CSO) shows.

According to CSO’s wholesale price index, wholesale electricity prices are now at their lowest since March 2021 before prices spiked in 2022 during the invasion of Ukraine.