Wholesale electricity prices hit lowest levels this year in July

The wet and windy weather that dominated the month was the key reason behind the higher than usual availability of wind-generated electricity, with Wind Energy Ireland saying wind accounted for as much as two-thirds of electricity generated on July 29th. State agency Met Éireann calculated that last month was the wettest July on record.Wind has supplied a third of Ireland’s electricity needs over the first seven months of this year as a consequence, said the report.

As a result, they paid prices far higher than current wholesale rates for the electricity they are supplying to most customers now.

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