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.

Diesel is among the most expensive motor fuels in Northern Ireland. In March 2024, diesel prices were nine pence higher than average prices for unleaded ** octane fuel (regular gasoline). The previous month, diesel prices were even higher than those for super unleaded fuel, usually the most expensive option.

UK conventional fuel car sales in decline When looking at the fuel types of new cars registered in the UK, diesel has notably fallen out of favor. In 2018, nearly a third of all newly-registered passenger cars were powered by a diesel engine. By 2022, this figure had decreased to just five percent. Diesel's decline has largely come about due to greater popularity of alternative fuels, a shift in consumer preference that has also impacting petrol car sales. Today, battery electric and hybrid-electric vehicles account for roughly one third of car registrations. The plug-in electric vehicle fleet in Northern Ireland came stood at nearly ****** units as of 2022.

Supermarkets offer consistently lower fuel prices When comparing prices across UK retailers, supermarkets were found to offer motor fuel at prices that were on average three pence per liter cheaper than the UK average.

The UK's electricity transmission network is made up of four high-voltage onshore transmission networks owned by the National Grid Electricity Transmission plc, SP Transmission plc, Scottish Hydro Electric Transmission plc and Northern Ireland Electricity Networks Ltd. Each company operates a regional monopoly on different transmission networks and is heavily regulated through price controls. The tight oversight by Ofgem keeps profit in check to ensure suitable investment in the network and fair prices for consumers. Fluctuating balance costs have caused it to take a hit over the past five years. Revenue is anticipated to swell at a compound annual rate of 7.2% to reach £8.4 billion over the five years through 2025-26. Network expansion driven by government efforts to decarbonise the electricity supply chain has supported transmission revenue in recent years, with the price controls set based on investment, innovation and output. Reduced transmission revenue due to lower electricity demand during the pandemic was offset by higher pass-through costs recovered by National Grid Electricity System Operator (ESO) in the form of record constraint payments paid to generators during the pandemic. The energy crisis led to soaring system balancing costs, as intermittent renewables increased reliance on expensive imported gas. However, balancing tariffs were dropped in 2024-25 due to the overcollection of fees the previous year, with the new National Energy System Operator generating over £800 million in profit. In 2025-26, revenue is expected to grow by 1.4%, bolstered by network investments and higher balancing costs in the second half of the year. However, lower energy demand due to good weather is restricting growth. Revenue is expected to rise at a compound annual rate of 0.7% over the five years through 2030-31, reaching £8.7 billion. Investment in the grid to meet the needs of decarbonising the energy supply chain will likely result in rising transmission charges, spurring renewed growth. Additionally, the implementation of RIIO-3 from April 2026 will see transmission tariffs rise, contributing to revenue growth. The digitalisation of the economy will also bolster electricity demand and advances in artificial intelligence present opportunities for companies to improve efficiency.

The industry comprises eight Gas Distribution Networks (GDNs) across Great Britain, owned by four companies operating regional monopolies. Gas distributors are heavily regulated through price control frameworks set by Ofgem in the UK and NIAUR in Northern Ireland to protect consumers. Over the five years through 2025-26, gas distributors' revenue is forecast to decline at a compound annual rate of 0.8% to £5.2 billion. A downward trend in natural gas consumption has weighed on allowed revenue in recent years, though the impact of changing consumption trends has been mitigated by constant investment in GDNs to improve efficiency, which has been reflected by price controls. Soaring wholesale gas prices spurred an increase in shrinkage costs in 2021-22, leading to a cut to operating profitability. Price control adjustments allowed gas distributors to recover these cost increases, spurring a jump in revenue and profitability in 2022-23. These costs continued to be recovered in 2023-24, though declining consumption spurred a dip in capacity income, weighing on revenue allowances during the year. Revenue allowances continued to fall in 2024-25, reflecting a reduction in shrinking costs and adjustments made based on Supplier of Last Resort (SoLR) costs. Revenue is set to record renewed growth of 1.6% in 2025-26, supported by revenue true-ups to ensure that deferred revenue from previous periods is settled before moving on to the next price control period. Looking forward, the rising efficiency of GDNs, the rollout of smart meters and the decarbonisation of the energy system will influence gas distributors' revenue. Over the five years through 2030-31, revenue is forecast to climb at a compound annual rate of 1.2% to reach £5.6 billion. Major investment required to decarbonise GDNs, such as innovations to help displace natural gas with biomethane, will necessitate a boost in revenue allowances. Although specific details are yet to be released, Ofgem’s Sector Specific Methodology Decision (SSMD) indicates a potential increase in the allowed cost of equity for RIIO-GD3, boosting revenue and operating profit. Shrinkage costs are expected to decline as gas leak detection systems continue to improve. This is set to ease pressure on operating profit in the coming years.