Wholesale energy prices fall to lowest point in two years

Costs fell by 64 per cent in year to July

An increase or decrease in wholesale prices can be an indication of what consumers will be charged in the future. Picture: Getty

Wholesale electricity prices have reached their lowest point in two years after falling by 64 per cent in the 12 months to July.

This comes after a further decline in prices recorded in June, down by a third compared to June 2022, according to figures published by the Central Statistics Office (CSO).

Wholesale electricity prices, or what is paid for electricity from the Single Electricity Market grid, decreased by 17.9 per cent between June and ...