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Dublin Live

National

Rayana Zapryanova

Energy companies explain why bills remain high after wholesale prices fall in latest CSO figures

CSO SSE Airtricity Bord Gais Energy

Wholesale electricity prices decreased by over 50 per cent in the 12 months to March 2023, the CSO has announced.

Wholesale electricity prices decreased by 8.7 per cent since February 2023 and were 50.5 per cent lower in March 2023 when compared with March 2022. However, this major decrease has not been reflected on our domestic bills.

A Bord Gais Energy spokesman explained why, telling Dublin Live: "Our team of expert trading analysts purchase our energy on the forward market rather than on the more volatile spot market. This means that we buy energy up to eighteen months and sometimes longer in advance of when it is used by our customers.

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