In Ireland, our wholesale electricity prices directly track the price of natural gas because 46% of our electricity is generated using mostly imported natural gas. Imports of natural gas rose from 32% in 2017 to… Read More
In Ireland, about half of our electricity is generated using natural gas. Because of this, the wholesale cost of electricity is closely tied to the international market price for gas. This leads to the important… Read More
The wholesale “Energy cost” is only 55% of the total market cost. The rest of your bill is made up of fixed costs to run the system – most of which are outside of your… Read More
The market is not “broken”; it is in a “fundamental recalibration”. The cost of electricity is driven by global gas price shocks and the essential, large-scale investment needed to move away from volatile fossil fuel… Read More