Wholesale energy prices drop again in May – but no sign of relief for households
Average wholesale price of energy was down 16% compared to April, but hedging by energy companies means these figures have little relationship to consumers’ bills
Average wholesale energy prices dropped in May compared to the previous month, new figures showed – but are still far higher than before Russia invaded Ukraine, and are unlikely to significantly help households and businesses with their bills.
New data published by Wind Energy Ireland, the industry group, showed that the average wholesale price of electricity per megawatt hour (MW/H) was €105.19 in May – down 16 per cent from €125.57 in April.
The drop-off ...