Wholesale electricity prices up by almost 68% in January

Despite the hike, electricity prices have fallen by almost 57% when compared with the peak that occurred in August 2022

Producer prices for food products increased by 7.6% in the 12 months to January 2025, while the food products, beverages and tobacco index was up by 6.4%. Photo: Eamonn Farrell/ © RollingNews.ie

Wholesale electricity prices rose by more than 22% in January 2025 and were over two-thirds higher than the same time last year.

New figures released by the Central Statistics Office (CSO) on Friday found that electricity prices have fallen by 56.8% when compared with the peak that occurred in August 2022.