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Sunday 24 September 2023 Dublin: 16°C

# Energy prices

Last week
17th September 2023 - 23rd September 2023
ESB Group reports 30% rise in profits to €676 million in first six months of the year
The state-owned energy company said its profits from the start of the year to 30 June had increased by €157 million compared to the same period last year.
This month
September 2023
Eamon Ryan claims Green Party is the 'most effective' junior coalition partner in Irish history
Ryan told his colleagues at the party’s think-in that the Greens have “learnt from the past” and are determined to play a “decisive role”.
Flogas Energy announces 30% cut in electricity and natural gas unit rates and standard charges
The company announced three price hikes last year, before freezing prices in January.
Varadkar: Energy price reductions must go further this winter
The Taoiseach and Minister Eamon Ryan met with four of Ireland’s largest energy companies this afternoon.
SSE Airtricity to cut residential electricity and gas prices by 12% and 10% from 1 November
The price reductions will see a typical dual fuel customer save €384.55 (including VAT) per year.
Electric Ireland to cut residential electricity and gas prices by 10% and 12% from 1 November
Electric Ireland said its residential electricity customers will save an average of €212.06.
Last month
August 2023
Consumer prices in Ireland estimated to have increased by close to 5% in the year to August
Consumer prices are also estimated to have increased by a ‘hefty’ 0.5% in the month since July.
This year
Wholesale electricity prices drop 26.6% in year, but consumers still mightn't see decrease in bills yet
CSO figures show that there has been a decrease of 16.2% in wholesale electricity prices in the month to May of this year.
Finance minister tells energy companies to 'treat customers equally' and reduce household bills
Senior members of government have said another energy credit is a possibility in winter if prices have not fallen.
How are you managing your electricity bills? We want to hear your stories
We want to get a sense of how Irish households are coping with electricity prices – here’s how you can take part.
Coveney: Electric Ireland 'should answer questions' on price cut for businesses and not households
The energy provider announced that energy bills would decrease for businesses from Wednesday, but not for residential customers.
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.
Last year
Electric Ireland to give all residential customers €50 credit
Pay-as-you-go customers will receive the credit this week, and bill-pay customers will see it in January.
Average electricity bills rose 14% from 2020 to 2021
Median gas prices dropped slightly in the same time period.
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.
Price hikes: Flogas Energy to increase gas bills by 23% and electricity bills by 17%
These price hikes are set to come into effect on 26 October.
CRU says profit controls on energy can't be implemented on a domestic level
The chairperson of the CRU said the regulator was ‘deeply concerned’ by the increase in energy costs.
Donohoe not drawn on energy price caps despite UK move to freeze prices
There were calls from People Before Profit to introduce a price cap on energy.
People Before Profit call for 'radical measures' to tackle sky-high energy prices
TD Richard Boyd Barrett called for an energy price cap to be implemented by the Government.
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.
PrepayPower becomes latest energy company to announce price hike
The increases will kick in from 1 October.
Eamon Ryan warns that this winter will be a 'dramatic and difficult period in energy'
The first Cabinet meeting since the recess took place this morning.
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.
Taoiseach affirms growing energy demand as electricity cost rises 86%
New figures from the CSO also showed increases in food and construction prices.
An economist: Debunking the myths of Ireland’s cost of living crisis
Economist Victor Duggan says much of the conversation around inflation and the cost of living crisis is outdated and inaccurate.
Ivana Bacik: Something has to give as costs soar - Ireland needs a pay rise
The Labour leader says a national pay rise will be a win-win for everyone.
Here's What Happened Today: Sunday
Here’s a roundup of stories from today.
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.
Govt to consider time-of-day-pricing for electricity in bid to tackle cost of living
On Wednesday, Electric Ireland became the latest energy firm to announce a price increase.
Time-of-day pricing is where the price of electricity is less expensive at night than during the daytime as there is less demand.
A package of measures to help with the rising cost of energy will be announced in the coming weeks.
Minister Eamon Ryan says we cannot rule out LNG as an option.
Online interest in electric vehicles peaked in Ireland as fuel costs soared
EU might not give the green light on VAT reduction on fuel until May
'More natural gas does not mean more energy security for Ireland,' Dáil committee hears
The Government is facing calls to back the development of a commercial LNG import terminal in North Kerry.
Ireland's inflation shock explained: The factors driving up prices here and across the globe
A report by
Ian Curran
“What we have at present is pretty much all being driven by international factors.”
"What we have at present is pretty much all being driven by international factors," one economist said.
Issues around energy, food and fertiliser supplies have all reared their heads as a consequence of the war in Ukraine.
Consumer sentiment has dipped amid rising prices, raising some concern about Ireland's economic prospects this year.
Energia: Average electricity and gas bills to increase by 15% from next month
Disposable incomes to fall for the first time since 2012 amid rampant inflation, economists say
Bord Gáis: Average electricity bill to increase by 27% from next month, gas to rise by 39%
The company said its ‘winter price pledge’ is being brought to a close.
Ireland 'engaging' with EU on proposal to ban Russian ships from docking at European ports
Russian trade is facing severe disruption as a consequence of sanctions announced this week.
Explainer: How reliant is Ireland on Russian energy - and why are gas and oil prices rising?
“When it comes to a global energy shortage, the implications are far more devastating in developing countries,” one economist said.
Coveney: EU states must be given 'extraordinary flexibilities' to deal with rise in fuel prices
Government sources say if the price of petrol or diesel hits €2 they will have to step in with emergency measures.
'Government doesn't get it': Opposition parties say cost of living package won't go far enough
The rising cost of living is ‘hurting people in the pocket’, said Leo Varadkar.
British energy firm apologises for sending customers free socks during energy crisis
The energy firm said it should not have gone ahead with the plan in light of major price rises that are about to hit millions of households.
All time
Cabinet approves €100 payment for all electricity customers
The Dáil is finishing up for Christmas this week.
Taoiseach says Poland’s challenge of EU’s legal foundations went ‘too far’
Several EU officials insisted that there would be no ganging-up against Poland.
Energy cost increases that were 'unnoticed' in warm months could bring 'big shock' in winter
The price of electricity, gas and fuel in Ireland have increased by 19.6% in the last year.