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Annual wholesale electricity prices soar 77% in August
- On Tuesday, September 22, 2026, the Central Statistics Office reported that wholesale electricity prices jumped 9.6% in August, reaching 76.9% higher than the same time last year.
- Global shocks from the US-Israeli war in Iran and the closure of the Strait of Hormuz are choking energy supplies, driving wholesale prices across European markets higher amid volatile international conditions.
- Fuel costs including petrol and diesel rose 11% monthly in August, marking an annual increase of 34.5%, according to CSO data reflecting Middle East tensions.
- Labour Party finance spokesperson Ged Nash called for a €400 energy credit for households earning less than €80,000, funded by a "windfall tax close to 500 million" on energy company profits.
- Electric Ireland committed to pausing price increases until year-end, though Social Democrats Senator Patricia Stephenson warned rising costs will "make it so much worse" for households entering winter.
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31 Articles
31 Articles
Take advantage of these moments of Friday September 25th to be able to save on the electricity bill
·Madrid, Spain
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Electricity Burns Households and Businesses Before Winter Sets in, at 211.76 Euros per Megawatt-Hour
The market is moving 20% higher than August and suppliers are asked to decide what increases to pass on to October tariffs - Red and the European map
·Marousi, Greece
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Total News Sources31
Leaning Left3Leaning Right2Center1Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 17%
R 33%
Factuality
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