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

Electricity suppliers are responsible for delivering electricity to consumers, forming the final phase of the electricity supply chain. After it was opened to competition in 2005, the electricity supply market has displayed notable change in recent years, with efforts to promote competition threatening the market share of Ireland’s energy giants. At an industry level, Ireland’s energy efficiency drive has weighed on household electricity consumption, though growing demand from large energy users (LEUs) has maintained strong underlying electricity consumption. Electricity suppliers’ revenue is forecast to increase at a compound annual rate of 7.8% over the five years through 2025 to reach €7.3 billion. Following a decline during the pandemic, a rebound in global demand for fuels like oil and natural gas caused wholesale electricity prices to surge in 2021, leaving suppliers scrambling to increase tariffs. Russia’s invasion of Ukraine spurred a renewed rise in wholesale electricity prices in 2022, leading to widespread double-digit tariff increases throughout the year. Such price hikes caused a jump in revenue, though this wasn’t enough to offset the impact of wholesale price increases, with the industry operating at a loss over the two years through 2022. Wholesale electricity prices eased in 2023, though tariffs continued to edge up, facilitating a return to profitability. Further reductions in wholesale prices led to widespread tariff drops in 2024, though prices and revenue remained above pre-2022 levels. Ongoing volatility in global energy markets and increased network charges are set to limit the scope for tariff reductions in 2025. Still, revenue is forecast to fall by 6.5% during the year thanks to the impact of 2024 tariff reductions. Revenue is forecast to inch down at a compound annual rate of 1.7% over the five years through 2030 to €6.7 billion. Prices are likely to remain volatile in the medium term, owing to ongoing conflicts in the Middle East and Ukraine. Fuelled by a continued rise in electricity consumption from data centres, growing demand from LEUs should keep Ireland's energy giants on top of the market.

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

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 in countries like Italy are forecasted to reach ****** euros per megawatt hour by February 2025, indicating persistent pressure on consumers and businesses alike. 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 April 2025. This represents an increase of about ** euros compared to the previous year, suggesting that gas prices will continue to influence electricity rates across Europe. 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.

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. According to the International Energy Agency (IEA), renewables accounted for 41.7% of electricity generation in Europe in 2022, up from 32.9% in 2017. 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 8.7% over the five years through 2025, reaching €2.8 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. Wholesale prices have since come-down as Europe has diversified its fuel mix away from Russian gas. Revenue is forecast to decline by 5.1% in the current year. Revenue is forecast to increase at a compound annual rate of 0.3% over the five years through 2030 to €2.9 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, though the electrification of heat and transport is set to spur an uptick in demand for electricity across the continent.

Ireland, Italy, and Germany had some of the highest household electricity prices worldwide, as of March 2025. At the time, Irish households were charged around 0.45 U.S. dollars per kilowatt-hour, while in Italy, the price stood at 0.43 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.

Ireland WPI: Energy Products: Electricity data was reported at 166.700 2000=100 in Mar 2010. This stayed constant from the previous number of 166.700 2000=100 for Feb 2010. Ireland WPI: Energy Products: Electricity data is updated monthly, averaging 144.800 2000=100 from Jan 2000 (Median) to Mar 2010, with 123 observations. The data reached an all-time high of 194.100 2000=100 in Dec 2008 and a record low of 100.000 2000=100 in Sep 2001. Ireland WPI: Energy Products: Electricity 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's energy mix has undergone significant change in recent years, moving away from fossil fuel generation towards the use of renewables. Nonetheless, natural gas remains the dominant fuel source, accounting for almost half of total electricity generation in 2022, followed by renewables (38.6%) and coal (7%). Electricity generators' revenue is forecast to swell at a compound annual rate of 6.9% over the five years through 2024 to €3.4 billion. The pandemic led to lower wholesale prices and reduced generation volumes in 2020, weighing on revenue. Wholesale prices rebounded in 2021, inflated by excess demand for key commodities after COVID-19 restrictions eased. Russia's invasion of Ukraine added extra impetus to soaring wholesale prices in 2022, with concern regarding the security of Russian gas supplies sending markets into panic. Wholesale prices have since eased, while the Irish government has capped excess revenues of non-gas generators. Revenue is set to dip by 18% in 2024. Revenue is slated to decline at a compound annual rate of 0.1% over the five years through 2029 to €3.4 billion. Prices will remain volatile in the medium term, but are likely to follow a downward trend as Europe reduces its dependence on Russian gas. Continued expansion of renewable generation capacity will place downward pressure on prices, while efforts to increase Ireland's energy security through proposed interconnectors and support for battery storage should reduce volatility. Despite efforts to increase energy efficiency among households and businesses, new energy needs from users of electric vehicles and data centres will ensure strong underlying demand for electricity.

Ireland WPI: Energy Products: excl Electricity data was reported at 173.800 2000=100 in Mar 2010. This records an increase from the previous number of 166.100 2000=100 for Feb 2010. Ireland WPI: Energy Products: excl Electricity data is updated monthly, averaging 113.100 2000=100 from Jan 2000 (Median) to Mar 2010, with 123 observations. The data reached an all-time high of 207.700 2000=100 in Jul 2008 and a record low of 87.800 2000=100 in Jan 2002. Ireland WPI: Energy Products: excl Electricity 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.

For industries with an annual consumption of 10,000 gigajoule (GJ) to ****** GJ, natural gas prices were highest than for industries with consumption of 100,000 GJ to 1,000,000 gigajoule in Ireland. In 2021, natural gas prices for industries with an annual consumption greater than 100,000 gigajoules was at **** euro cents per kilowatt hour, while for industries with lower annual consumption, figures were at **** euro cents per kilowatt hour.

Gas suppliers are responsible for delivering gas to households and businesses. Since being opened to competition in 2007, a number of new suppliers have entered Ireland gas retail market. The industry was fully deregulated for all customers in 2014, with the Commission for Regulation of Utilities directing efforts towards promoting competition in the market since then. Growing use of price comparison websites and increased switching rates have chipped away at the dominance of Ireland's energy giants, though the market remains highly concentrated with a handful of suppliers accounting for the majority of customers. Revenue is forecast to climb at a compound annual rate of 10% over the five years through 2024 to reach €1.8 billion. Reductions in wholesale prices led to a revenue contraction in 2019. This was followed by further tariff reductions in 2020, as the pandemic led to reduced demand for gas, both in Ireland and globally. Wholesale prices soared in the following year, as the easing of pandemic-related restrictions led to excess demand for natural gas. Russia's invasion of Ukraine spurred a renewed surge in wholesale prices in 2022, leading to a further wave of tariff increases among suppliers. Despite supporting massive revenue growth, extraordinary volatility meant that tariff increases were rarely sufficient in covering the full extent of wholesale price increases, leading to widespread losses. Tariffs remained high for most of 2023, fuelling further revenue growth, though falling wholesale prices spurred a return to profitability. Tumbling wholesale prices have spurred widespread tariff reductions since late-2023, contributing to an anticipated 15.4% drop in revenue in the current year. Over the next five years, industry revenue is forecast to dip at a compound annual rate of 1.2% to €1.7 billion in 2029. Despite remaining elevated in the short-term, wholesale gas prices should stabilise in the mid-part of the period, spurring tariff reductions among industry operators. As households and businesses seek to become more energy efficient, per capita demand for gas is likely to ease, with major gas consumers becoming increasingly important. Efforts to increase the share of heating sourced from renewables also presents a threat to gas suppliers.

This dataset provides values for ELECTRICITY PRICE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

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.

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.

UK Gas rose to 85.31 GBp/thm on July 11, 2025, up 1.32% from the previous day. Over the past month, UK Gas's price has fallen 0.15%, but it is still 17.29% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. UK Natural Gas - values, historical data, forecasts and news - updated on July of 2025.

Ireland WPI: Energy Products: Petrol data was reported at 167.200 2000=100 in Mar 2010. This records an increase from the previous number of 159.900 2000=100 for Feb 2010. Ireland WPI: Energy Products: Petrol data is updated monthly, averaging 118.900 2000=100 from Jan 2000 (Median) to Mar 2010, with 123 observations. The data reached an all-time high of 168.000 2000=100 in Jul 2008 and a record low of 89.500 2000=100 in Nov 2001. Ireland WPI: Energy Products: Petrol 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.

Wholesale Price Index (Excl VAT) (Base 2010=100) by Type of Energy, Statistic and Month

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The Waste Treatment and Disposal industry is growing as waste management in Ireland shifts focus on general waste reduction and waste treatment, partly driven by declining landfill capacity. The closure of several landfill sites and an increased Landfill Levy (€85 per tonne) have reduced the revenue generated from providing landfill services. Overall, waste treatment and disposal revenue is forecast to swell at a compound annual rate of 2.8% over the five years through 2024 to €817 million, including expected growth of 2.7% in the current year. Energy generated from treatment facilities provides another revenue stream for waste companies — they sell heat and electricity to energy suppliers. A surge in demand for sustainable heat and electricity has elevated industry profitability. Supercharged wholesale energy prices due to global shortages caused by the Russia-Ukraine and the Israel-Hamas war are raising returns for companies that sell energy to the grid. A steady increase in the Irish population and rising environmental concerns are likely to boost industry growth, increasing waste volume sent to treatment facilities. At the same time, demand for landfill services will continue falling as the government implements several initiatives to meet EU waste targets. More landfill closures and higher operating costs will also eat away at landfill capacity and likely raise the Landfill Levy further. The industry will increasingly focus on energy generation, supported by government initiatives to reduce reliance on fossil fuels to boost energy self-sufficiency. Waste treatment and disposal revenue is forecast to expand at a compound annual rate of 2.1% over the five years through 2029 to €905 million.

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.

Over the five years through 2025-26, the Juice, Mineral Water and Soft Drink Wholesaling industry’s revenue is forecast to expand at a compound annual rate of 1.8% to £5.2 billion. Wholesalers’ revenue heavily depends on sales to supermarkets, grocers and convenience stores. Low consumer confidence due to high inflation and high interest rates in 2022-23 dampened sales from key markets. Parallel to this, higher input costs for upstream manufacturers due to rising prices of commodities like sugar led to higher drink prices for wholesalers. However, digitalisation has seen wholesalers save on operational costs, helping to maintain positive profit margins, while consolidation and expansion among wholesalers have expanded customer reach, driving sales and stabilising revenue. Due to shifts in consumer preferences driven by increasing health consciousness and environmental awareness, the industry has witnessed enhanced product innovation and the growth of niche markets. Regulatory changes, including the Soft Drinks Industry Levy, have encouraged these trends, spurring the production of beverages with low or no sugar content. In line with wellness trends, lactose-free and functional drinks are also rising in popularity. Sales have risen as wholesalers have adapted by expanding their drinks portfolios to include healthier alternatives. Revenue is expected to climb by 1.6% in 2025-26. As the cost-of-living crisis and inflationary pressure subsides, demand is likely to inch upward, particularly from hospitality businesses like pubs and restaurants. Expanding automation in the wholesale industry will continue to push down operational costs by enhancing processing efficiency and broadening distribution systems, ultimately boosting profitability. Yet, digitalisation presents a challenge for the industry as it makes it easier for customers to bypass wholesalers. Additionally, wholesalers are likely to face increasing pricing pressures from supermarkets and own-label brands. Over the five years through 2030-31, revenue is forecast to grow at a compound annual rate of 1.3% to reach £5.5 billion.