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Saturday 28 January 2023 Dublin: 6°C

# Energy

Last week
15th January 2023 - 28th January 2023
# 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.
Last year
2022
# Ukraine
Uneasy calm grips Ukraine as West prepares winter aid
The head of Nato has said Russian President Vladimir Putin is attempting to weaponise the coming cold season.
# Energy Crisis
Cabinet green lights windfall tax on energy companies
Revenue above a certain cap will be collected and used to support consumers facing expensive bills.
# Windfall levy
Cabinet expected to sign off on windfall tax on electricity companies
A memo will be brought to Cabinet tomorrow seeking to introduce a cap on market revenue on non-gas electricity generators.
# 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.
# north macedonia
EU announces €500 million energy support package for Western Balkans
The EU Commission chief is set to visit Albania, Kosovo, Montenegro and Serbia in the coming days
# 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.
# Energy Crisis
CO2 emissions from combustion set to grow only slightly this year despite fears of big jump
In China, the world’s largest polluter, emissions will stay largely flat in 2022.
# 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.
# Energy
Ukraine says Russia 'kidnapped' two nuclear plant workers
The accusation comes as over 1,000 towns and village are without power due to Russian airstrikes
# 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.
# Consumer Price Index
Annual inflation eases again slightly in September after 38-year high in July
Home heating oil was up 83.8% in the year to September.
# 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.
# net zero
Finland pushes forward with ditching fossil fuels in face of Russia's war and energy crisis
Decades of diversifying energy has meant Russia’s war on Ukraine hasn’t left Finland as vulnerable as other countries – but prices have still jumped.
# 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.
# Housing
Winter eviction ban being kept under review, says Taoiseach
Housing Minister Darragh O’Brien has consulted with the AG on the issue.
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
# coal
German energy giant RWE to end coal use by 2030
The decision will accelerate the closure of some of Europe’s most polluting power plants.
# Cost of Living
Food businesses remaining closed early in week to save on energy costs
One bar in Dublin is switching off its heating on Tuesdays but offering a food discount to customers.
# New York
Taoiseach: 'No room for energy companies exploiting crisis by hiking up standing charges'
Government is considering the matter ahead of the budget, said Micheál Martin.
# Energy
Explainer: Why a report says Ireland should build an LNG facility - and why that's controversial
The new report outlines options for measures that could improve Ireland’s energy security.
# Energy Crisis
The Christmas lights in Dublin will be turned off earlier each night this year
Eamon Ryan said earlier this month that local authorities were looking at the issue of Christmas lights this winter.
# Budget
Varadkar unapologetic on 'Sinn Féin manifesto' remark about Commission on taxation
‘I hope we’re not in the place where you can’t say what you think anymore in politics.’
# Energy Crisis
Explainer: How can energy profits and wholesale prices both be on the rise?
ESB is the latest energy company to announce a large after-tax profit.
# Energy Crisis
Taoiseach says 'much higher' ESB dividend to be taken as after-tax profits hit €390 million
The company recorded a jump from €128 million in the first half of 2021 to €390 million in the same period this year.
# budget 2023
Windfall tax will be backdated but it's unclear how much money levy will raise, say leaders
The Taoiseach says it is still unclear how much money the levy will raise.
# power out
Panda Power confirms departure from Irish energy market
Customers have two weeks to choose a new supplier.
# 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.
# City of Lights
Eiffel Tower lights to turn off earlier at night as Paris scales back on energy
The iconic landmark will now go dark at 11.45pm instead of 1:00am.
# Energy
Electricity credits for householders will be universal payments and not targeted, says Taoiseach
Micheál Martin said there are ‘huge questions’ around an electricity price cap.
# 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.
THE MORNING LEAD
Most energy suppliers are still not paying households for solar power despite August promise
A report by
Lauren Boland
Only one energy supplier could confirm that it started to pay microgenerators – here’s a breakdown of what each company said.
Microgenerators are supposed to be able to sell back any surplus power they produce to their energy supplier.
Only one supplier could confirm that it started to pay microgenerators before 31 August in line with an assurance by the national energy regulator.
At least eight had not yet commenced payment, Lauren Boland reports.
Government urged to hasten payments for surplus solar power ahead of feared energy shortages
# Energy
Gas companies may have to pay 'solidarity contribution' from excess profits, says minister
The main drive will be to find ways to compensate people struggling to pay their bills.
# 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.
# Energy saving
Colder offices and fewer Christmas lights ... what Europe is doing to cut down on energy use
The EU plans to cut gas consumption by 15% between 1 August 2022 and 31 March 2023.
# Energy
Using household appliances outside peak hours will help shore up energy security, says Ryan
The three coalition leaders met last night to discuss the rising cost in energy and supports needed.