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Annual wholesale electricity prices soar 77% in August

On Tuesday, September 22, 2026, the Central Statistics Office reported that wholesale electricity prices jumped 9.6% in August, reaching 76.9% higher than the same time last year.
Global shocks from the US-Israeli war in Iran and the closure of the Strait of Hormuz are choking energy supplies, driving wholesale prices across European markets higher amid volatile international conditions.
Fuel costs including petrol and diesel rose 11% monthly in August, marking an annual increase of 34.5%, according to CSO data reflecting Middle East tensions.
Labour Party finance spokesperson Ged Nash called for a €400 energy credit for households earning less than €80,000, funded by a "windfall tax close to 500 million" on energy company profits.
Electric Ireland committed to pausing price increases until year-end, though Social Democrats Senator Patricia Stephenson warned rising costs will "make it so much worse" for households entering winter.

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26 Articles

The Journal

Lean Left

Wholesale electricity prices jump almost 77% in one year

Opposition parties have called for targeted energy credits to combat “awful” surge in prices

3 days ago·Dublin, Ireland

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Irish Examiner

Lean Left

Wholesale electricity prices up almost 77% in the past year

CSO Wholesale Price Index for August shows rising energy costs

3 days ago·Cork, Ireland

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RTÉ

Center

Annual wholesale electricity prices soar 77% in August

New figures from the Central Statistics Office show that wholesale electricity prices jumped by 9.6% on a monthly basis in August, and were a huge 76.9% higher than the same time last year.

3 days ago·Ireland

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Irish Times

Lean Left

Irish wholesale electricity prices climb almost 77% in August amid global energy shock

Price of a basket of wholesale energy products, including petrol and diesel, up 64.7% since August 2025

3 days ago·Dublin, Ireland

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Protothema

Right

Electricity Burns Households and Businesses Before Winter Sets in, at 211.76 Euros per Megawatt-Hour

The market is moving 20% higher than August and suppliers are asked to decide what increases to pass on to October tariffs - Red and the European map

3 days ago·Marousi, Greece

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seleo.gr

Electricity: Significant Drop in Wholesale Price by 27%

The wholesale price of electricity will record a significant decline tomorrow, Wednesday, compared to today, but remains at high levels. According to data from the Energy Exchange, the price for tomorrow is 153.87 euros per megawatt-hour compared to 211.76 euros today, recording a 27% decrease. The average price for September so far […] The article Electricity: Significant decline in wholesale price by 27% appeared first on Seleo.gr.

3 days ago

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