September saw need for energy security intensify as Governments stepped in

Insights from September

• After the record highs witnessed in the Irish power market in August, the wholesale cost of power took a?much needed downward turn.
• On average, prices in the SEM Day Ahead market?decreased by ~25% month-on-month. September’s outturn was €291/mwh, compared to €394 in August.
• Continued Volatility in Gas Pricing
• Wind has played a?critical role?in keeping the Irish wholesale power cost in check throughout September
• Political intervention at European and Irish Government levels

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