Electricity prices fell 20% last year

Electricity pylonsThe price of electricity fell 20% last year, national grid company Tennet said on Monday.

The average price of a megawatt of electricity was €52 in 2013 but fell to €41 last year, Tennet says.

Prices have gone down for a variety of reasons, including cheaper gas supplies and the opening of three new coal-fired power stations.

In addition, a lot of cheaper power was imported from Norway and Germany, Tennet said.

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