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Monday 5 June 2023 Dublin: 12°C

# energy costs

Last month
May 2023
THE MORNING LEAD
Regulator 'encouraging' energy suppliers to pass on price reductions 'as soon as possible'
A report by
Christina Finn
The CRU says it is ‘very concerned’ about the impact of high energy prices on households and businesses.
This year
2023
# energy costs
Ryan says windfall tax will help with electricity bills, but fails to commit to more energy credits
It is intended that the legislation would be enacted before the summer recess and first proceeds are expected to be collected in September.
# energy poverty
Energy credits should not have included richest households, climate NGO says
A new report by Friends of the Earth has made 49 recommendations to government about how to tackle energy poverty.
# cost of living crisis
Nearly two-thirds of renters say rising costs have affected their ability to purchase property
55% of prospective homebuyers also point to rising costs as a stumbling block to finding a property.
# drop the prices
Varadkar says windfall tax is coming and calls on energy companies to drop their prices
The Taoiseach says Government won’t just be using ‘politie encouragement’ to get prices down.
# energy costs
Electric Ireland to cut business' bills from Wednesday but no change for households
An average decrease of 10% is set to take effect on electricity bills for small and medium enterprises.
# Energy Bills
Ban on electricity and gas disconnections extended to the end of March for all customers
The moratorium was due to end on 28 February.
# 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.
# rising costs
Minister indicates targeted and universal cost-of-living measures on the cards as talks intensify
Taoiseach Leo Varadkar has said he plans to make announcement about new and extended cost-of-living measures in mid-February.
# 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.