Electricity prices rose in January but remain almost 40 per cent lower than last year

Wholesale electricity prices rose 12.3 per cent in January, but remained more than a third cheaper than at the start of last year.

Prices had fallen by more than a quarter in December compared to November, according to figures published on Thursday by the Central Statistics Office (CSO). Prices were down two thirds in December compared with the previous year.

An increase or decrease in wholesale electricity prices – or what is paid for electricity ...