Wholesale charges lag rates paid by homes and businesses
Wind Energy Ireland maintains that wholesale electricity prices hit €170.79 MWh on days when the country relied almost solely on fossil fuel to generate power. However, the organisation says they slid as low as €101.66 on days when weather allowed wind farms to contribute most to electricity supplies.
That was 12 per cent higher than September, an increase driven partly by a hike in oil and gas prices that followed the Hamas incursion into Israel which sparked the current conflict. Irish wholesale electricity prices, at which generators sell power to companies that supply homes and businesses, vary widely every hour, depending on demand.
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