Irish electricity prices fell 18.5% yearly in Oct 2025, but bills rose due to supplier hikes.

Irish wholesale electricity prices fell 18.5% year-on-year in October 2025, down 74% from their August 2022 peak, though they rose 6.6% from September. Despite the drop, consumer bills remain high as major suppliers raised prices by 10% to 15%, adding about €200 annually. Some providers froze rates, and Electric Ireland cut gas prices by 4%. Food producer prices rose 4.1% annually, driven by dairy and meat, while overall wholesale prices declined 3.5% year-on-year, marking the ninth straight monthly drop.