Wholesale electricity prices plunge by more than 72% from peak

In its latest Wholesale Price Index, the CSO also highlighted that electricity prices have plummeted by almost 41% since June 2022

Stabilising wholesale prices may cast doubt on whether the Government will announce further energy credits for households in the upcoming October budget. Picture: Chani Anderson

Factory gate electricity prices declined 8% in annual terms, but remained unchanged in June compared to the previous month, according to figures from the Central Statistics Office (CSO).

Stabilising wholesale prices may cast doubt on whether the Government will announce further energy credits for households in the upcoming October budget.