Irish wholesale gas prices drop to six-year low

Gas prices in April are 45% below the levels seen a year ago

25th April, 2016
Gas prices are down 45 per cent. Pic: Pixabay

It also showed that wholesale electricity prices in Ireland are down by 35 per cent year-on-year with nearly a quarter of total electricity demand now being met by wind energy.

The drop in prices is a result of increased supplies from Russia and Norway combined with strong imports of liquefied natural gas (LNG) from the Middle East, Gillian Lawler, senior energy analyst at Vayu said.

"With weather becoming more of a factor from the end of...

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