Wholesale electricity prices rise by more than 33% in the last year 

Diesel and petrol prices were also up 12.3% and 7.8%, respectively over the same period

Electricity prices are still down 62.7% compared to the peak that occurred in August 2022.

The wholesale price of electricity has increased by over 33% during May, compared to the same period last year, as the war in the Middle East continue to impact gas supplies, new data from the Central Statistics Office (CSO) shows.

According to the latest wholesale price index, the wholesale price of all energy fuels were up 37% over the last 12 months driven by fuel oil, up 47%, and gas oil, up 35.8%. In addition, electricity prices were up 33.1%.