Electric Ireland has become the latest provider to announce another major increase in electricity and gas prices to consumers, with eye-watering rises of 26.7 per cent and 37.5 per cent respectively. Photograph: Stephanie Lecocq: EPAElectric Ireland has become the latest provider to announce another big increase in electricity and gas prices to consumers, with eye-watering rises of 26.7 per cent and 37.5 per cent respectively.
Higher energy prices for consumers are being driven by rising prices of wholesale markets, with the high price of gas being the key factor. Ireland imports more than 70 per cent of its gas from the UK — the rest comes from the Corrib field — so we are exposed to international price trends.Wholesale prices of gas have swung hugely since the war in Ukraine started.
Companies who provide power to Irish consumers and businesses are, however, responding to the longer-term trend. These companies typically lock in contracts for months ahead and so have had to gradually adjust their prices to respond to higher costs. Despite recent falls, wholesale gas prices remain around ten times higher than pre-Covid levels. As around half of Irish electricity comes from gas-fired plants — and gas prices are central to setting the price of other fuels used for power plants — electricity prices are rising tpo.If current, or higher wholesale prices remain, then the answer is yes.
Bank's hold off ,extending •20c charge on Tap payments , presently only charged on pin card payments.
greed
Opportunistic profiteering Charging more because they can.
The World Economic Forum.
Your ma
They blame Putin and the war in Ukraine when prices were soaring as far back as last September.
Sanctioning our provider. Our government bent over the barrel by US led NATO.
Lack of Govt. action for decades to create a guaranteed fixed unit price for renewable energy into the grid meant there aren't solar panels on every suitable roof. Vested FFG interests means oil companies have been subsidised and given tax breaks . Biggest polluters don't pay.
Greed, and paying for a war
Profits
Hitler
Do you honestly think we are stupid, it's the government.
HUMANS - those that work in managerial positions ESBNetworks overpaid kunts and the government merrionstreet are backing them.
Simple to answer. Greed!, Greed!, Greed!
Closing the coal mines? Giving the energy companies a green light to charge what they like? Boasting huge record breaking profits!!! Then telling paddy this will change the temperature of the planet when statically it hasn’t heated up.
Greed!
Greed.
Green policy
GREED!!!
Greed /corruption and spineless leeches in government
Greed prices were on the increase before the war in Ukraine.
Climate change and the need to innovate to green energetic ASAP. Red flags went off in 2018, Gulf Stream hit lowest ever temp and sub Antarctica sea temp hit highest ever. Thus COVID, Brexit, Cold War 2.
What a stupid question!
Capitalism, greed and our government
Build back better is going well
The government
Our government full of WEFMuppets is what is wrecking our country and driving up the cost of living. ElectionNOW
Greed.
Sanctions on Russia means increased demand for oil and gas which is the primary driver of prices. We have no oil or gas and are entirely dependent on importing our energy. Not everything is the Governments fault, send the bill to Vladimir!!
Greed, gouging, and profiteering. Energy companies are not content with making a profit and some money, they want all the profit and all the money, and screw the ordinary people.
Gouging
Jeez....I wonder ? Paul O' Neill the freemason lodgeman fcuking with you're heads again.....
A competent government lead by people who care about Irish people and not just getting richer would solve this overnight & I don't care what anyone says this is all by design. Did you see they're topping up their wages again? While we decide between food & rent or food & heat.
The Government,and for no reason but to crucify us.
Profiteering
Supply and demand.
Gee I wonder 🤔 It's definitely nothing to do with a planned sick dystopian Agenda that corrupt political parasites have signed up to.👇🏻 They have to sell the plebs some bullsh!t story so they'll accept what's happening. 'Covid' / 'war' / 'climate crisis' - All SCAMS
Greed and the net zero halfwits.
Agenda2030 greatreset the crash of the economic system needs a story for the sheep to lap up, ie Russia Man Bad....even though he s totally complicit in the deception, pure evil 😈
Political decisions.
Silly far fetched naïve energy policies 👇
Greed and more fucking greed
The underground mice theme park I run 24/7. Soon I will unleash my horde upon the anti-rodent masses. Heed my warning mousepocalypse mouseposting
Price gouging scumbags making record profits.
price gouging
Paschald's dogma of privatising electricity generation to benefit his mates.
Price increases by the energy companies. FACT
Greed
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Source: IrishTimes - 🏆 3. / 98 Read more »