Wholesale electricity prices up 17% in January

CSO said despite the monthly rise, wholesale electricity prices have fallen by 67% compared to the August 2022 peak

Wholesale electricity prices were more than 24% lower compared to the same month last year.

Wholesale electricity rose notably in January, increasing by more than 17%.

New figures released by the Central Statistics Office (CSO) on Monday showed that, despite the monthly increase, wholesale electricity prices were more than 24% lower compared to the same month last year.