It will take time for the cost of electricity and gas prices to fall despite the drop in wholesale costs, an economic specialist has said.
Economic and Social Analyst with Social Justice Ireland Colette Bennett explained that part of the reason is how our energy is bought by suppliers. Energy companies like Electric Ireland or Bord Gais, she said, are not buying gas on the day they're selling it.
"They're basically playing it like the stock market, so they would've bought it a number of months ago in preparation for the winter," Ms Bennett said. "At that time, the price may have been a bit higher.
