The average wholesale electricity price in November 2025 in Ireland is forecast to amount to********euros per megawatt-hour. During the period in consideration, figures reached a record high in August 2022, at over *** euros per megawatt-hour.

Selection of several sources for Irish wholesale electricity prices 2010 - 2025

In the third quarter of 2025, Bermuda had the highest household electricity prices worldwide, followed by Ireland, Italy, and Germany. At the time, Irish households were charged around 0.44 U.S. dollars per kilowatt-hour, while in Italy, the price stood at 0.42 U.S. dollars per kilowatt-hour. By comparison, in Russia, residents paid almost 10 times less. What is behind electricity prices? Electricity prices vary widely across the world and sometimes even within a country itself, depending on factors like infrastructure, geography, and politically determined taxes and levies. For example, in Denmark, Belgium, and Sweden, taxes constitute a significant portion of residential end-user electricity prices. Reliance on fossil fuel imports Meanwhile, thanks to their great crude oil and natural gas production output, countries like Iran, Qatar, and Russia enjoy some of the cheapest electricity prices in the world. Here, the average household pays less than 0.1 U.S. dollars per kilowatt-hour. In contrast, countries heavily reliant on fossil fuel imports for electricity generation are more vulnerable to market price fluctuations.

Electricity prices in Europe are expected to remain volatile through 2025, with Italy projected to have some of the highest rates among major European economies. This trend reflects the ongoing challenges in the energy sector, including the transition to renewable sources and the impact of geopolitical events on supply chains. Despite efforts to stabilize the market, prices still have not returned to pre-pandemic levels, such as in countries like Italy, where prices are forecast to reach ****** euros per megawatt hour in September 2025. Natural gas futures shaping electricity costs The electricity market's future trajectory is closely tied to natural gas prices, a key component in power generation. Dutch TTF gas futures, a benchmark for European natural gas prices, are projected to be ***** euros per megawatt hour in July 2025. The reduced output from the Groningen gas field and increased reliance on imports further complicate the pricing landscape, potentially contributing to higher electricity costs in countries like Italy. Regional disparities and global market influences While European electricity prices remain high, significant regional differences persist. For instance, natural gas prices in the United States are expected to be roughly one-third of those in Europe by March 2025, at **** U.S. dollars per million British thermal units. This stark contrast highlights the impact of domestic production capabilities on global natural gas prices. Europe's greater reliance on imports, particularly in the aftermath of geopolitical tensions and the shift away from Russian gas, continues to keep prices elevated compared to more self-sufficient markets. As a result, countries like Italy may face sustained pressure on electricity prices due to their position within the broader European energy market. As of August 2025, electricity prices in Italy have decreased to ****** euros per megawatt hour, reflecting ongoing volatility in the market.

The electricity delivery process has experienced a major shift in recent years, driven by a push to reduce emissions. Governments across Europe are actively moving away from conventional sources of electricity generation, leading to a decline in the continent's dependency on fossil fuels. In 2022, nearly 40% of electricity generated in the EU came from renewable sources, compared with 25% in 2012. The rise of renewables has spurred an influx of renewable generators and necessitated increased investment in electricity networks. This has lifted revenue for transmission and distribution network operators. Revenue is forecast to rise at a compound annual rate of 7.1% over the five years through 2024, reaching €3.2 billion. Falling wholesale prices and a reduction in overall electricity consumption spurred a drop in revenue during the pandemic. Excess demand for natural gas as economies loosened pandemic-related restrictions spurred a strong rebound in wholesale electricity prices in 2021, translating to a jump in revenue. Wholesale prices recorded a renewed spike following Russia’s invasion of Ukraine, spurring a surge in revenue generated by electricity producers and suppliers. Renewable generators were able to rake in extra profits from electricity sold to wholesale markets at inflated prices, counterbalancing a significant rise in costs for fossil fuel generators and electricity suppliers. Revenue is forecast to decline by 8.6% in 2024 as wholesale prices continue to decline from record highs and electricity consumption remains subdued. Revenue is forecast to increase at a compound annual rate of 0.5% over the five years through 2029 to €3.2 billion. The revised Renewable Energy Directive of the EU has set a goal for 69% of electricity to be generated from renewables by 2030. Electricity generators will continue expanding their renewables capacity, while investment in upgrading the electricity network to accommodate the rapid shift to renewables will boost income for transmission and distribution network operators. Rising renewable electricity generation will place downward pressure on wholesale prices, while a long-term decline in electricity consumption in advanced economies will weigh on revenue.

Ireland WPI: Energy data was reported at 166.300 2000=100 in Mar 2010. This records an increase from the previous number of 164.100 2000=100 for Feb 2010. Ireland WPI: Energy data is updated monthly, averaging 132.500 2000=100 from Jan 2000 (Median) to Mar 2010, with 123 observations. The data reached an all-time high of 190.500 2000=100 in Aug 2008 and a record low of 96.000 2000=100 in Jan 2000. Ireland WPI: Energy data remains active status in CEIC and is reported by Central Statistics Office of Ireland. The data is categorized under Global Database’s Ireland – Table IE.I018: Wholesale Price Index: 2000=100.

Ireland WPI: Intermediate Industries excl Energy data was reported at 89.200 2000=100 in Mar 2010. This records a decrease from the previous number of 89.400 2000=100 for Feb 2010. Ireland WPI: Intermediate Industries excl Energy data is updated monthly, averaging 94.300 2000=100 from Jan 2000 (Median) to Mar 2010, with 123 observations. The data reached an all-time high of 105.800 2000=100 in Feb 2002 and a record low of 86.500 2000=100 in Nov 2009. Ireland WPI: Intermediate Industries excl Energy data remains active status in CEIC and is reported by Central Statistics Office of Ireland. The data is categorized under Global Database’s Ireland – Table IE.I018: Wholesale Price Index: 2000=100.

The Gas Utilities industry in Europe has been anything but steady recently. The Russia-Ukraine war has rocked the whole supply chain, with Russia tightening its gas supply, Europe hustling to cut its reliance on Russian gas and gas prices shooting up following the initial invasion. Amid unprecedented price increases and threats to the supply of gas into Europe, European governments have been forced to step in to support customers and protect energy supplies. All that aside, the industry remains threatened by a long-term decline in gas consumption and accelerating efforts to transition to renewable sources of energy. Revenue is forecast to drop at a compound annual rate of 1.7% over the five years through 2024, reaching €390.5 billion. This growth is almost solely attributable to a spike in revenue recorded during 2022, which followed a recovery from pandemic-induced lows during 2021 when prices and demand recovered as global economic activity rebounded. Russia’s invasion of Ukraine kicked off a period of significant disruption in energy markets, with a surge in gas prices leading to record revenue and profitability for gas manufacturers while causing substantial losses for gas suppliers. Wholesale prices have eased from record highs as European governments have reduced reliance on Russian gas. At the same time, a drop in demand for gas has also contributed to a revenue contraction since the height of the energy crisis. Revenue is set to decline by 5.4% in 2024. Revenue is forecast to increase at a compound annual rate of 1% to €410.7 billion over the five years through 2029. European markets are set to pursue a green revolution in the coming years, with investment in renewable energy sources gathering pace as European governments strive towards emissions reduction targets. Investment in green alternatives to natural gas is likely to lead to a fall in demand, with plans set out by the European Commission to at least triple solar thermal capacity by 2030, displacing the consumption of nine billion cubic metres of gas annually. Gas prices are forecast to continue to rise until 2025, as Europe diversifies its gas supplies, before falling rapidly as renewable generation capacity rises.

Ireland WPI: Energy Products: Gas Oil data was reported at 167.700 2000=100 in Mar 2010. This records an increase from the previous number of 156.900 2000=100 for Feb 2010. Ireland WPI: Energy Products: Gas Oil data is updated monthly, averaging 121.100 2000=100 from Jan 2000 (Median) to Mar 2010, with 123 observations. The data reached an all-time high of 231.500 2000=100 in Jul 2008 and a record low of 83.500 2000=100 in Jan 2002. Ireland WPI: Energy Products: Gas Oil data remains active status in CEIC and is reported by Central Statistics Office of Ireland. The data is categorized under Global Database’s Ireland – Table IE.I018: Wholesale Price Index: 2000=100.

WPI: Energy Products: Petroleum Fuels data was reported at 104.700 2010=100 in Jan 2018. This records an increase from the previous number of 102.300 2010=100 for Dec 2017. WPI: Energy Products: Petroleum Fuels data is updated monthly, averaging 104.500 2010=100 from Jan 2010 (Median) to Jan 2018, with 97 observations. The data reached an all-time high of 122.800 2010=100 in Sep 2012 and a record low of 84.300 2010=100 in Feb 2016. WPI: Energy Products: Petroleum Fuels data remains active status in CEIC and is reported by Central Statistics Office of Ireland. The data is categorized under Global Database’s Ireland – Table IE.I016: Wholesale Price Index: 2010=100. Rebased from 2010=100 to 2015=100 Replacement series ID: 401394467

Ireland WPI: Energy Products: Fuel Oil data was reported at 191.300 2000=100 in Mar 2010. This records an increase from the previous number of 183.500 2000=100 for Feb 2010. Ireland WPI: Energy Products: Fuel Oil data is updated monthly, averaging 116.000 2000=100 from Jan 2000 (Median) to Mar 2010, with 123 observations. The data reached an all-time high of 231.100 2000=100 in Jul 2008 and a record low of 89.800 2000=100 in Jan 2000. Ireland WPI: Energy Products: Fuel Oil data remains active status in CEIC and is reported by Central Statistics Office of Ireland. The data is categorized under Global Database’s Ireland – Table IE.I018: Wholesale Price Index: 2000=100.

Ireland WPI: Energy Products: Autodiesel data was reported at 158.300 2000=100 in Mar 2010. This records an increase from the previous number of 151.800 2000=100 for Feb 2010. Ireland WPI: Energy Products: Autodiesel data is updated monthly, averaging 120.300 2000=100 from Jan 2000 (Median) to Mar 2010, with 123 observations. The data reached an all-time high of 186.100 2000=100 in Jul 2008 and a record low of 85.600 2000=100 in Nov 2001. Ireland WPI: Energy Products: Autodiesel data remains active status in CEIC and is reported by Central Statistics Office of Ireland. The data is categorized under Global Database’s Ireland – Table IE.I018: Wholesale Price Index: 2000=100.

Ireland WPI: Energy Products: Auto Diesel data was reported at 119.800 2021=100 in Mar 2025. This records a decrease from the previous number of 124.200 2021=100 for Feb 2025. Ireland WPI: Energy Products: Auto Diesel data is updated monthly, averaging 117.200 2021=100 from Jan 2021 (Median) to Mar 2025, with 51 observations. The data reached an all-time high of 146.800 2021=100 in Jun 2022 and a record low of 89.500 2021=100 in Jan 2021. Ireland WPI: Energy Products: Auto Diesel data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under Global Database’s Ireland – Table IE.I017: Wholesale Price Index: 2021=100.

批发价格指数（WPI）：能源产品：电力在03-01-2010达166.7002000年=100，相较于02-01-2010的166.7002000年=100保持不变。批发价格指数（WPI）：能源产品：电力数据按月更新，01-01-2000至03-01-2010期间平均值为144.8002000年=100，共123份观测结果。该数据的历史最高值出现于12-01-2008，达194.1002000年=100，而历史最低值则出现于09-01-2001，为100.0002000年=100。CEIC提供的批发价格指数（WPI）：能源产品：电力数据处于定期更新的状态，数据来源于Central Statistics Office of Ireland，数据归类于Global Database的爱尔兰 – 表 IE.I018：批发价格指数：2000年=100。

批发价格指数（WPI）：能源产品：不包括电力在03-01-2010达173.8002000年=100，相较于02-01-2010的166.1002000年=100有所增长。批发价格指数（WPI）：能源产品：不包括电力数据按月更新，01-01-2000至03-01-2010期间平均值为113.1002000年=100，共123份观测结果。该数据的历史最高值出现于07-01-2008，达207.7002000年=100，而历史最低值则出现于01-01-2002，为87.8002000年=100。CEIC提供的批发价格指数（WPI）：能源产品：不包括电力数据处于定期更新的状态，数据来源于Central Statistics Office of Ireland，数据归类于Global Database的爱尔兰 – 表 IE.I018：批发价格指数：2000年=100。