Wholesale electricity prices up 52% in 12 months to March

Wholesale electricity prices dip in March

Official figures show charges remained higher than last year

Wholesale electricity prices up 52% in 12 months to March

New figures from the Central Statistics Office show that wholesale electricity prices dropped by 6.4% in March when compared with February, but are 52% higher than March of last year.

Wholesale electricity prices rise 52% in year to March

Wholesale electricity prices feel 6.4% in March but increased by 52% over the previous 12 months, the Central Statistics Office (CSO) has said. Despite the substantial increase in wholesale electricity prices over the past year, prices remain two-thirds (66%) lower than their August 2022 peak. The price index for all energy fuels fell by 7.1% in March and by 5.8% year-on-year, and the overall energy products index was down by 6.6% from February …

Norgespris faces counterarguments from a number of quarters. The electricity price has already fallen, says NVE, which believes the government will mitigate an increasingly small problem.