Wholesale electricity prices down 12.2% in June

Have renewables decreased electricity prices?

This is a re-post from The Climate Brink There is a persistent argument in certain circles that renewable energy is associated with higher costs than fossil fuels, and that states who have build lots of renewables (California is often brought up in this regard) are paying for it in the form of higher electricity prices. Variable renewable energy – wind and solar – are fundamentally fuel-saving resources. They are effectively zero marginal cost t…

Wholesale electricity prices down 12.2% in June

Wholesale electricity prices declined 12.2 per cent last month and are now 11.6 per cent lower than they were last June, according to the Central Statistics Office (CSO). The latest CSO wholesale price index shows wholesale electricity prices are now three-quarters (-75.4 per cent) lower than they were at the peak of the cost-of-living crisis in August 2022. Otherwise, producer prices for products sold domestically last month rose 0.5 per cent y…