New figures from the Central Statistics Office show that wholesale electricity prices soared by 92.8% in September compared to the same month last year as the war in the Middle East continues to affect oil and gas prices.
The CSO said that wholesale electricity prices rose by 6.8% in September from August, but they are still 53% lower when compared with the peak that occurred in August 2022.
Today’s CSO figures show that All Energy Fuels – including petrol and diesel – jumped by 10.9% in September compared with August and were 47.6% higher on the same time last year.
They also reveal that producer prices for food products increased by 0.4% since August and rose by 1.2% in the 12 months since September last year.