Wholesale electricity costs up almost 19% in past year

Producer prices for food also increased by 3% over the past year

Wholesale electricity prices still 62.3% lower than the previous peak in August 2022.

The wholesale cost of electricity increased by nearly 19% during November compared to the same time last year as food producer prices also edged upwards, new data from the Central Statistics Office (CSO) shows.

The CSO’s latest wholesale price index for November shows that while electricity prices have risen in annual terms, they are still 62.3% lower than the previous peak in August 2022. Wholesale electricity prices have been on a steady increase since August this year.