Ireland's wholesale electricity prices rose 19% in March 2026 due to global energy tensions and gas prices.

In March 2026, Ireland's wholesale electricity prices rose 19% to an average of €128.77 per megawatt-hour, driven by global energy tensions and gas prices. However, wind energy reached record highs, providing nearly half the country's power and helping lower costs during windy periods. Despite these gains, Ireland remains vulnerable to expensive imported gas and high household bills.