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Friday 3 February 2023 Dublin: 11°C

# energy costs

This week
29th January 2023 - 3rd February 2023
# tbess
Deadline for Temporary Business Energy Support Scheme being extended past tomorrow
Claims in relation to energy bills for September 2022 had been required to be submitted by tomorrow.
Last year
2022
Voices
Financial expert: Three steps to helping you fight the rising cost of living
Mark Coan of Money Sherpa has some handy advice for anyone hoping to get a handle on their finances.
# 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.
# energy costs
Information booklet on how to reduce energy use will be delivered to over two million households
It’s part of the Government’s response to the unprecedented challenge facing families.
THE MORNING LEAD
Schools in 'outdated buildings' fear a winter of energy rationing and cold classes
A report by
Diarmuid Pepper
‘It’s very difficult to ask parents for help, because no more than ourselves, every household is really suffering.’
The Department of Education has allocated one-off additional funding of €90 million.
But unions say more funding is needed.
One school principal described outdated school buildings as the 'broader issue'.
# 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 costs
More financial supports for struggling householders may be announced soon, Ryan indicates
The financial aid is set to be part of the upcoming Energy Poverty Strategy Review.
# soaring prices
Cost of living crisis: Most households intend to use their home heating less often this winter
A new poll from Red C and The Journal shows that 76% intend to delay putting the heating on.
# 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.
# Price Hikes
Oireachtas Committee to hear Electric Ireland had 'no choice' but to increase energy prices
The provider will answer questions from TDs and Senators on the recent gas and electricity price increases tomorrow.
# energy costs
Electric Ireland, SSE Airtricity and Bord Gáis price hikes kick in this weekend
Increases for Electric Ireland and SSE Airtricity customers comes into effect today.
# energy costs
Varadkar says potential price caps on energy bills have 'echoes of the bank guarantee'
Speaking today, Varadkar said that he is not ruling out price caps, but added that he was nervous about it.
Voices
Analysis: Governments must act before energy prices break consumers' backs
Economist Victor Duggan looks at rising energy prices and possible ways consumers can be helped.
# Budget supports
'Significant intervention is needed': Coalition leaders to meet to discuss rising energy costs
Minister for Energy Eamon Ryan will bring a memo to Wednesday’s Cabinet meeting setting out a series of options.
# Energy Bills
Exchequer records surplus of €6.3 billion as coalition plots Budget to tackle cost of living crisis
It comes as the ESRI’s senior research officer said that 43% of households could be in energy poverty due to rising prices.
# rising energy
Rising cost of energy posing threat to viability of businesses, says Ibec
The lobby group says that energy prices for businesses could rise by four or five times.
# Your Say
Poll: Have you cut back on your gas and electricity usage due to rising costs?
Let us know.
# Energy Crisis
Taoiseach affirms growing energy demand as electricity cost rises 86%
New figures from the CSO also showed increases in food and construction prices.
# Energy
Oil giant BP triples its profits to $9.3 billion on last year despite exit from Russia
BP is the latest energy firm to post bumper earnings as oil and gas prices have soared following Russia’s invasion of Ukraine.
# ESRI
Report finds number of households in energy poverty now at highest recorded rate
The estimate is based on energy inflation observed from January 2021 to April 2022.
# energy costs
Telling people to tighten their belts shows Govt is 'out of touch' on cost of living, says SF
The Taoiseach told the Dáil that Putin wants western governments to get the blame for rising energy costs.
# rising bills
Pensioner has electricity skyrocket to over €3,000 after meter left unread for two years
The massive increase was raised in the Dáil by Independent TD Denis Naughten.
# energy costs
VAT rate cut from 13.5% to 9% on energy bills until the end of October
Targeted supports for those on fuel allowance will mean an additional three weeks payment.
# your stories
'I just can't keep my head above water': Your stories of coping with the rising energy costs
We asked readers to share their stories with us. Here’s what they told us.
The Journal asked readers to share their stories about the impact of rising energy costs.
Energy companies, including Bord Gáis, Energia, SSE Airtricity and Electric Ireland, have all recently announced price hikes.
The Government is working on measures to deal with rising costs, but has ruled out any further financial support.
# your stories
Your stories: How have the rising energy costs impacted your life?
We want to get a sense of how Irish households are dealing with the rise in energy prices – here’s how you can take part.
# energy costs
Electric Ireland to raise electricity and gas prices by over 20% from start of May
Electric Ireland is the latest energy provider to announce a price hike.
# Cost of Living
EU might not give the green light on VAT reduction on fuel until May
Mary Lou McDonald has called for a 0% VAT rate for a period of time on domestic energy bills.
# rising inflation
Taoiseach can't rule out Ireland slipping into recession, calls for greater EU flexibility on VAT
‘No one can be certain about what will happen over the course of 2022,’ the Taoiseach said.
# Price hike
Energy prices: Government moving to ease financial pressure but 'won't be able to do it all'
Martin said he expects the European Commission to suggest alternative cost-cutting measures by the end of the month.
# energy costs
Govt to take further action on rising cost of living before October's Budget, says Varadkar
Varadkar said the cost of living was rising even before the war in Ukraine, and now it has only gotten worse.
Voices
Opinion: I moved to Brussels after college and I'm not rushing back - Ireland is too expensive
Young people are locked out of housing and struggling against rising costs in Ireland, writes Conor Brummell.
# energy costs
Measures to tackle cost of living will 'cushion the blow', says Taoiseach
An increase in the €100 electricity credit is widely expected.
# Cost of Living
Tanaiste urges employers to give staff a pay hike to help with rise in the cost of living
‘I honestly don’t think you’re living in the real world,’ Labour leader Alan Kelly told the Taoiseach today.
All time
# energy costs
Plan to take €100 off the first electricity bills of 2022 to be discussed by Cabinet next week
Electricity prices increased by almost 5% in November, up nearly 21% over the 12 months.
# energy costs
Barry Cowen claims the ESB may have ‘orchestrated’ the current energy crisis
Cowen asked why the ESB is being rewarded “handsomely despite exacerbating the supply shortage”.
# Prices
SSE Airtricity to increase electricity prices from September
The price change will see a typical household bill increase by around €3.89 per week for dual fuel customers.
# Electric Shock
Competition is finally heating up for power and gas customers
Energia has cut its rates only a few days after a new player emerged in the market.
Voices
Column: Here's where we can make cuts – and savings! – that won’t hurt services, jobs or salaries
Cutting costly emissions from thousands of public buildings would help the environment and save Ireland €200m a year – without requiring a single job loss.
# Blackout
Bord Gáis announces 2.2% electricity price increase
After absorbing the price increase for the winter, Bord Gáis Energy is to add around 50 cent a week to bills.
# Energy
Event aims to draw up a 'People's Charter on Renewable Energy'
One of the organisers said the government has “little or no long term, coordinated plans in place and is open to whoever wishes to come in and exploit our resources”.