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Saturday 4 February 2023 Dublin: 3°C

# Energy prices

Last year
2022
# Electric Ireland
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.
# Energy prices
Average electricity bills rose 14% from 2020 to 2021
Median gas prices dropped slightly in the same time period.
# 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.
# flogas
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.
# rising bills
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.
# Energy prices
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.
# Cost of Living
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.
# 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.
# Price increase
PrepayPower becomes latest energy company to announce price hike
The increases will kick in from 1 October.
# Energy prices
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.
# 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.
# 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.
Voices
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Economist Victor Duggan says much of the conversation around inflation and the cost of living crisis is outdated and inaccurate.
Voices
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.
# The Fix
Here's What Happened Today: Sunday
Here’s a roundup of stories from today.
# 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 prices
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
# Gas Prices
'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.
THE MORNING LEAD
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
# Energy prices
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.
# Ukraine
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.
# Ukraine
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.
# Cost of Living
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.
# Inflation
'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.
# free socks
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
# Energy prices
Cabinet approves €100 payment for all electricity customers
The Dáil is finishing up for Christmas this week.
# tensions
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.
# struck by lightning
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.
# Energy prices
Morning Memo: Europe's looming 'energy crisis'
European gas prices have tripled this year even before the arrival winter.
# 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.
# keep on drillin'
Energy companies will need to start finding more oil soon
If prices aren’t going to start shooting up again, that is.
# Sweating it out
Bord Gáis Energy's new owner has taken a big hit because of warm weather
Centrica blamed a fall in profit on much lower gas and power consumption.
# filling time
Enjoy the cheap petrol while you can because oil prices have probably bottomed out
Here’s why the price of the commodity is heading up again…
# Oil Spill
This billion-dollar oil company founded in Carlow just posted its first loss in 15 years
The low oil price is not good news for exploration firms.
# inbox me
The Briefcase: Big pharma, the price of power and a little thing called the Budget
This was the week in business.
# Energy Index
Ireland's heating bills this winter depend on what happens between Putin and Ukraine
Costs could spike if the trouble continues in eastern Europe.
# Energy Index
The conflict in Iraq could drive oil prices to record highs
The situation in Iraq could drive prices above the previous peak recorded in 2008.
# Bord Gais
The Ukraine crisis isn't hitting Irish energy bills yet, but here's how it might.
The Bord Gais energy index is down five per cent, but risks to the price of gas still remain.
# Household charges
Gas and electricity prices increase from today
Gas customers of Bord Gáis, ESB Electric Ireland and Airtricity will see higher prices in their next bill.
# St Vincent de Paul
Interview: Stories like the 'corn flakes family' are true - SVP president
The national president of Ireland’s largest voluntary, charitable organisation tells TheJournal.ie about the increase in demand for services and the rebirth of Ireland’s community spirit. Listen to the full interview…