Wholesale electricity prices rose 21.7% in May on previous month

Wholesale electricity prices jumped 21.7 per cent in May compared with the previous month, data from the Central Statistics Office shows. The price of electricity was 2.4 per cent higher than in May 2023 but was 24.8 per cent lower than in May 2022.

Wholesale electricity prices rose by 195 per cent between August 2021 and August 2022, with the wholesale price of electricity peaking at almost €400 per megawatt hour versus an average of about €38 per MWh in 2020.The Irish Times Business Person of the Month: Laura Dillon, WaterlandWholesale prices as a whole fell 2.8 per cent last month as measured by the overall producer price index for manufacturing industries.

There were also a number of notable annual increases and decreases in construction products. The price of rough timber was up 8.1 per cent, while the price of sand and gravel rose 5 per cent.

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