Wholesale Electricity Price Tracker

30-Second Overview

An electricity power station tracker tariff gives your business direct access to wholesale electricity prices in Ireland. These prices are set through hourly SEMO auctions (Single Electricity Market Operator) and are publicly available. This means that you pay the real market rate with no hidden markups. Wholesale electricity trackers have the following key features:

• Cheaper than fixed tariffs in a falling market
• Prices vary monthly based on actual wholesale auction results
• Highly transparent- backed by SEMO’s published clearing prices

⚡ To make sure that your business is on the best electricity tariff and compare prices from all suppliers side-by-side, upload a recent electricity bill using the link below, and our energy experts will analyse it for free. No obligation for you, just saving insights 👇

What is an Electricity Power Station Tracker?

A Power Station Tracker or Wholesale Electricity Tracker is a type of electricity pricing structure where your monthly energy rate reflects the average wholesale electricity auction price from the previous month. You can view real-time and historical prices on the SEMO website.

How It Works:

• Electricity suppliers buy power via half-hourly SEMO auctions
• All suppliers pay the same clearing price
• That price is passed on to businesses with minimal markup
• The monthly rate you pay reflects the actual cost of electricity in that month

How Did Electricity Wholesale Tracker Prices Perform During the Energy Crisis?

Electricity Wholesale Trackers outperformed expectations during the 2022–2023 energy crisis:

• Peaked in August 2022, but dropped by October 2022
• Remained stable through 2023 despite global uncertainties
• Minor volatility returned in Q4 2024 due to the US elections & Middle East tensions
• January 2025 saw a spike from cold weather & depleted gas storage levels
• Prices started falling from February 2025 following Trump's announcements on US import tariffs
• Despirte recent fighing in Iran wholesale electricity prices are stable with a mild downward bias 

Despite small fluctuations from month to month, electricity wholesale trackers consistently beat supplier variable rates, which are often twice as expensive. You can find more in our "Will Electricity and Gas Prices Fall in 2026?" article.

On 1 October every year, the energy regulator approves changes in grid fees. These changes must be passed on to customers by suppliers and do result in cost increase in most years. You can see the latest changes in our article on electricity regulatory charges for 2025/2026. 

Benefits of Tracking Wholesale Electricity Prices

Businesses choose electricity wholesale trackers for the following reasons:

• Cheaper in falling markets: Rates drop automatically with wholesale prices
• No added supplier hedging costs: You pay the actual market price, not an inflated estimate
• Cheaper than variable rates: Much lower than out-of-contract or rollover rates
• Transparent pricing: Backed by SEMO auction results - publicly available on the SEMO website.
• Proven during energy crises: Tracker outperformed fixed-rate deals during 2022–2023 spikes

How to Get the Best Business Electricity Deal in Ireland

Utilityfair's energy experts can help you navigate the energy market with precision. We have the latest prices from all suppliers already loaded into our models. We can send you a full supplier price comparison, tailored for your meter and usage, completely free. Whether you're considering a fixed, flexible, or wholesale tracker tariff, we can:

• Analyse your meter type and usage profile (DG5, DG6, LVMD)
• Compare fixed, flexible, and tracker tariffs
• Switch you to a cheaper price plan hassle-free, saving you time and money
• Monitor your contract expiry so you're never auto-rolled to expensive rates

👉 Get Started Today!
Fill out our enquiry form, click the link below or call 01 547 0999 to speak with a Utilityfair energy expert to start saving.