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Tuesday 6 June 2023 Dublin: 14°C

# Electricity

Last month
May 2023
# Electricity
Wholesale electricity prices fell 40% in past year, but savings for customers will be delayed
Daragh Cassidy from price comparison website Bonkers.ie, has said that prices for consumers still remain high and may not fall for months.
This year
2023
# CSO
Wholesale electricity prices drop 50.5% in year, but consumers mightn't see decrease in bills just yet
The CSO figures show there has been a decrease of 8.7% in the price of wholesale electricity since February of this year.
# Interconnector
North-South interconnector 'ready to enter construction phase' after independent review
Construction is anticipated to be completed by 2026.
# Electricity
Darragh O'Brien says other energy companies should follow Pinergy's example and cut prices
The change, which kicks in on 31 March, will result in a 7.1% decrease to the typical household cost.
# Cost of Living
All electricity customers to get €90 off bills over seven instalments
Customers normally have to pay a levy to fund renewable energy, but when electricity prices go up this levy is not needed.
# technical error
Electric Ireland error means PAYG customers have avoided higher gas rate since August
The energy company says customers will have to pay the current, higher rate for their gas from 24 January.
# rising costs
Price of wholesale electricity 93.2% higher than in November, CSO figures show
The price of electricity in December 2022 was 10.4% higher than December 2021.
# Power Outages
Over 16,000 customers left without power in north Dublin and Meath this evening due to faults
Most customers have since had their power restored, however.
Last year
2022
# Electricity prices
Gas and electricity to remain at 'historical high' for next two years, says Ryan
The Green Party leader said that it was due to international factors.
# energy costs
Long-awaited energy poverty plan published as Ryan warns prices may not drop for two years
The plan includes a €10 million Government hardship fund for vulnerable energy customers.
THE MORNING LEAD
Staff shortages leave energy regulator scrambling to keep the lights on
A report by
Niall Sargent
Noteworthy reveals the CRU needs almost 70 more staff to deliver on its security of supply and climate roles.
Core work of the energy regulator ‘frequently delayed by a lack of staff’, Government told
Concerns over staff burnout repeatedly raised by the regulator’s risk committee
Tánaiste says to prepare for risk of amber alerts in the run-up to Christmas
# Electricity
Celtic Interconnector with France will promote clean energy and lower prices, says Taoiseach
The underwater cable connecting east Cork to Brittany will have the capacity to power 450,000 households.
# Ukraine
Ukraine receives more air defence systems, as officials say electricity situtation is 'tense'
Attacks by Moscow’s forces have destroyed around 40% of Ukraine’s power stations.
# Department of Environment
First of three €200 electricity credits to appear on bills from tomorrow
The credit line will appear on bills from the start of November and into December
# Energy Crisis
As winter approaches, not all energy bill 'hardship funds' are created equal
The Journal asked a number of energy companies if like Electric Ireland, they too had set up hardship funds for customers in need.
# Morning Memo
Analysis: Energy insecurity and our fracking future
The Irish Academy of Engineering has said the government’s report on Ireland’s energy security is “seriously flawed”.
# Data Centres
Paschal Donohoe says data centres could not be excluded from energy scheme
The Finance Minister rounded on people who “want to chase data centres out of Ireland”.
# Energy
1,000 disconnections in first half of this year as minister promises action plan in weeks
Sinn Féin’s Pearse Doherty says 450,000 PAYG customers are being abandoned by Government.
# Electricity
Govt will not oppose SF motion on protections for PAYG customers and banning of disconnections
Minister Eamon Ryan is understood to be working on a new action plan.
# energy costs
‘No reason’ why anyone in financial hardship should lose power this winter, McGrath says
Minister Michael McGrath told the Dáil ‘sufficient supports’ are in place to protect people.
Voices
Bríd Smith: Expansion of data centres is not going to help our serious energy woes
The People Before Profit TD says our fondness for data centres is driven by misplaced servility to the whims of corporates.
# Energy Bills
Minister meeting energy companies to discuss protections for PAYG and vulnerable customers
The minister is also discussing customers supports and charges with the service providers.
THE MORNING LEAD
Consumer price inflation forecasts revised upwards to 8% by the Central Bank
A report by
Hayley Halpin
The Central Bank has published its latest quarterly bulletin today.
The Central Bank has published its latest quarterly bulletin today.
The Bank says energy-driven inflation is the key issue being faced currently.
The outlook for domestic growth over the coming quarters is "more challenging than was previously expected", it says.
Food businesses remaining closed early in week to save on energy costs
Cost cited as most important factor for Irish consumers when buying food
# budget 2023
Cabinet signs off on plan for three €200 energy credits
The credits are due to be paid in November, January and March.
# Energy Bills
125,000 Electric Ireland customers in arrears as company told €3m hardship fund is 'pittance'
The company’s hardship fund, which is there to aid customers struggling to pay bills, will be reviewed into the winter.
# Mick Barry
Tánaiste says pay-as-you-go utility users will not be included in winter cut-off moratorium
‘A moratorium on disconnection for electricity this winter needs to be a moratorium for everybody,’ Mick Barry told the Journal.
# budget 2023
Budget 2023: What measures have already kicked in?
Some measures included in the €11 billion budget have already been enacted.
# Energy Crisis
All households to receive energy credits worth a total of €600
The first credit, worth €200, will be applied to bills in November.
# Sowed and Reaped
'It shouldn't have been a surprise': How policy choices brought Ireland's energy to the brink
Experts explain how decisions made in years gone by have led us to our current position of facing down a bleak winter, even without the war in Ukraine.
# Fine Gael Think-In
Customers likely to receive energy credits before Christmas and in the new year, suggests Varadkar
Varadkar said he wouldn’t want people in December worrying about the January bill.
# Public Bodies
Public sector buildings to turn off heat 1-2 hours before closing time
Public sector bodies will be required to set temperatures to the guideline of 19 degrees where appropriate.
# Electricity
Customers to receive electricity credit before Christmas, says minister
Energy Minister Eamon Ryan said households will get another energy credit to help with their skyrocketing bills before Christmas.
Householders will receive an increased energy credit before the end of the year.
Cabinet has approved a renewed public advice campaign on energy consumption.
The EU has proposed to cap the huge revenues earned power companies.
# Price hike
Bord Gáis says average electricity bill to increase by 34%, gas to go up by 39%
The average residential electricity bill will rise by €48.25 per month* and the average residential gas bill will rise by €43.80 per month*.
# high costs
Publicans warn of 'huge threat' due to 'doubling and tripling' of energy bills
Publicans in Ireland are worried as their UK counterparts warn of possible closures.
# Bills Bills Bills
'Absurd and frightening': How high could 'skyrocketing' energy prices go this winter?
Tough choices lie ahead in both the short and long term.
Experts agree that the energy price crisis is likely to get worse in the coming months and year ahead.
The UK's energy price cap nearly doubled last week and is an indicator of what consumers in Ireland are facing.
In the short-term, governments must intervene but in the long-term it's about renewable energy.
Price hikes: SSE Airtricity to increase gas bills by 39% and electricity by 35.4%
17,000 apply for emergency social welfare payments for food, fuel and clothing in July alone
# Podcast
The Explainer: Is Ireland facing the threat of winter power blackouts?
Listen to hear Muireann Lynch from the ESRI explain.
# Electricity
Electricity supply companies may be charged more between 5pm-7pm under new energy plans
The new measures are to be introduced by October.
# electricity shortage
Winter blackout risk to stadium and pitch lighting may result in sports groups getting supports
Chief Executive of Sport Ireland Dr Una May says they are conscious that sports bodies could potentially be impacted.
# Electricity emergency
Emergency gas power plant set to run for up to five years to address energy shortfall
Planning permission for the project was originally filed in March 2022.
# Energy Crisis
Watchdog warns of 'acute' risk to security of power supply in Ireland
The CRU’s latest risk register warned of the potential for significant outages.