Analysis: Energy prices may drop a further 20% this year but cuts hinge on stable gas market

Estimates by Paul Deane of the MaREI institute in UCC suggest electricity prices could fall a further 15-20 per cent this year

Further electricity price cuts hinges on a continued flow of LNG into Europe. Picture: Bloomberg

After two incredibly difficult years Irish consumers are finally starting to see some positive signs emerging from energy markets.

Over the last week, a string of energy providers announced sweeping price cuts in the latest sign that retail prices for electricity and gas are on the way down. Yuno Energy, the newest entrant to the Irish consumer energy market, was to first to drop its electricity prices earlier this month, which triggered similar responses from ...