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Sunday 4 June 2023 Dublin: 15°C

# Energy

This year
2023
THE MORNING LEAD
North Sea Summit: Ireland and UK need to cooperate on offshore wind energy, says Eamon Ryan
A report by
Lauren Boland
Nine countries have agreed to ramp up capacity for harnessing offshore wind to generate power.
# district heating
Should we use data centres to heat our homes - or is it greenwashing?
The waste heat from data centres can be used for climate-friendly heating systems – but data centres are major energy consumers.
# Nuclear Energy
Germany to power down its last nuclear reactors today
The country is exiting atomic power even as it seeks to wean itself off fossil fuels and manage an energy crisis caused by the war in Ukraine.
# Solar Energy
VAT rate on supply and installation of solar panels to be abolished
The move is expected to be signed off by the Government this week.
# 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.
# UK Budget
'Brexit pubs guarantee' and free childcare, what was in the UK's Budget?
The UK’s Chancellor of the Exchequer has frozen the duty on draught pints and promised up to 30 hours per week of free childcare for eligible households.
# Energy prices
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.
# Energy prices
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.
# 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.
# 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.
# Power
2022 among 'most challenging' years for energy sector, watchdog to tell politicians
The Commission for Regulation of Utilities will also outline the impact of the electricity sector on reducing customer debt.
# 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.
# Solar Panels
Cumbersome grant system holding some back from solar PV uptake, says expert
The chair of the Micro-Renewable Energy Federation likened the experience of securing a grant to a “bureaucratic nightmare”.
# 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.