Imported fossil fuels pushed Ireland’s wholesale electricity prices up 19% in March 2026 compared with February.
Wind Energy Ireland said the average wholesale price reached €128.77/MWh, up from €107.97/MWh in February.
The organisation added that prices fell to €94.20/MWh on the windiest days but rose to €179.10/MWh when reliant on imported fossil fuels.
This marked the highest average price since March 2025, when prices averaged €131.80/MWh.
Irish wind farms generated 1,537GWh in March, providing 41% of the country’s electricity and remaining the top source of power for the second consecutive month.
European gas prices began to rise sharply at the end of February as tensions increased prior to the US and Israeli attacks on Iran.
“Last month is a clear example of how wind energy helps to protect Irish families and businesses,” said Noel Cunniffe (pictured), chief executive of Wind Energy Ireland.
“At a time when we were exposed again to the worst effects of a volatile fossil fuel market Irish wind farms halved the wholesale price of power compared to days when we had to rely almost entirely on imported gas.”
“This is the world’s second fossil fuel energy crisis in less than five years.”
“The solution is clear, build an Irish electrostate which can rely on our own clean, affordable and secure electricity supplies.”
“There are more than 40 wind energy projects waiting for a decision from An Coimisiún Pleanála.”