{"id":46325,"date":"2026-08-22T00:22:45","date_gmt":"2026-08-22T04:22:45","guid":{"rendered":"https:\/\/sharewatch.com\/wp\/2026\/08\/22\/wholesale-electricity-prices-up-56-in-12-months-to-july\/"},"modified":"2026-08-22T00:22:45","modified_gmt":"2026-08-22T04:22:45","slug":"wholesale-electricity-prices-up-56-in-12-months-to-july","status":"publish","type":"post","link":"https:\/\/sharewatch.com\/wp\/2026\/08\/22\/wholesale-electricity-prices-up-56-in-12-months-to-july\/","title":{"rendered":"Wholesale electricity prices up 56% in 12 months to July"},"content":{"rendered":"<section class=\"medium-10 medium-offset-1 columns article-body\" itemprop=\"articleBody\" data-epic-field=\"content\">\n<p>New figures from the Central Statistics Office show that wholesale electricity prices rose by 14.8% in July when compared with June and were 56.2% higher than July of last year.<\/p>\n<p>While wholesale electricity prices remain 59.9% lower when compared with their peak in August 2022, they reached their highest level since January 2025 last month.<\/p>\n<p>The CSO said that all Energy Fuels were up by 0.6% in the month and were up 19.1% since July of last year.<\/p>\n<p>Commenting on today&#8217;s CSO figures, price comparison website Bonkers.ie said that looking at the past six months, which gives a better indication of underlying trends, wholesale electricity prices were almost 30% higher than in the previous six-month period.<\/p>\n<p>Bonkers.ie said the increase is mainly due to the continuing conflict in the Middle East which has seen gas, which is used to generate around 45% of the country&#8217;s electricity, almost double in price compared to last year.<\/p>\n<p>There are no easy solutions to high electricity prices in the short to medium term, according to Bonkers.ie.<\/p>\n<p>&#8220;While the ultimate goal is obviously to drastically reduce our reliance on fossil fuels and natural gas, this will take well over a decade, maybe two,&#8221; it noted.<\/p>\n<p alt=\"Wholesale electricity prices up by almost 30% in past six months\" class=\"tpe\" data-description=\"Daragh Cassidy from Bonkers.ie\" data-embed=\"rte-player\" data-id=\"ed63916b-2c8a-4aa0-8f21-b4ad00d70831\" data-ot-category=\"C0004\" data-title=\"Daragh Cassidy from Bonkers.ie\" id=\"ed63916b-2c8a-4aa0-8f21-b4ad00d70831\"><span class=\"blocked-container\"><span class=\"blocked-heading\">We need your consent to load this rte-player content<\/span><span class=\"blocked-notice\">We use rte-player to manage extra content that can set cookies on your device and collect data about your activity. Please review their details and accept them to load the content.<\/span>Manage Preferences<\/span><iframe allowfullscreen=\"true\" class=\"optanon-category-C0004\" data-ot-category=\"C0004\" data-src=\"\/\/www.rte.ie\/bosco\/components\/player\/iframe.html?clipid=ed63916b-2c8a-4aa0-8f21-b4ad00d70831&#038;autostart=false&#038;app=true\" frameborder=\"0\" height=\"345\" width=\"614\"><\/iframe><\/p>\n<p>&#8220;And while bringing more renewable energy onto the grid is the correct course of action, building a modern grid which can properly accommodate, transport, and then store this energy (for when the wind doesn&#8217;t blow or the sun isn&#8217;t shining) will take time and cost money, and will even add to bills in the short term,&#8221; it added,<\/p>\n<p>Meanwhile, today&#8217;s CSO figures also showed that producer prices for food products increased by 2.7% in the 12 months to July.<\/p>\n<p>The CSO said some of the most notable changes in producer prices for food products were fish and fish products, which increased by 9%, while other food products rose by 6.7%.<\/p>\n<p>The CSO noted that producer prices for products sold on the domestic market were 4.5% higher in July on the same time last year.<\/p>\n<p>In the 12 months to July, export producer prices rose by 7.6%, while overall producer prices were up by 7.3%.<\/p>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>New figures from the Central Statistics Office show that wholesale electricity prices rose by 14.8% in July when compared with June and were 56.2% higher than July of last year. While wholesale electricity prices remain 59.9% lower when compared with their peak in August 2022, they reached their highest level since January 2025 last month. 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