Electricity prices 50% higher now than in 2016

Some electricity and gas customers faced as many as three price hikes in the first nine months of last year, according to a new report by the Commission for Regulation of Utilities (CRU).

The CRU, Ireland's independent energy and water regulator, noted the increased cost in wholesale electricity and gas prices is having a knock-on effect on customers' pockets, with wholesale electricity prices now 50% higher than they were in 2016.