In a bold move, Uno Energy has once again lowered its electricity rates for new customers, marking the third reduction since its launch in August last year. The latest rate, now 4.6% lower than the previous one, solidifies Uno Energy’s position as the market leader with the cheapest unit rate. The fixed rate, guaranteed for … Read more
In a bid to ensure the well-being of its citizens during the harsh winter months, Irish authorities have instituted a moratorium on disconnecting gas and electricity services in homes across the country. The move comes as part of a directive from the Commission for Regulation of Utilities (CRU), aimed at safeguarding vulnerable households from the … Read more
Pinergy is the first power provider in Ireland to declare a price cut. Standard home electricity prices will decrease beginning on March 31, according to the corporation. The adjustments will result in a 7.1% decrease in typical household costs, or €183 annually (including VAT) based on normal usage. The 24-hour standard rate (without VAT) will … Read more
As part of a public service obligation to subsidise renewable energy, electricity customers will receive a payment of €89.10 from the government. The payment will be made in seven installments of €12.73 starting on March 1 either on customers’ bills or on their prepay metre, according to the Commission for the Regulation of Utilities (CRU). All … Read more
Eamon Ryan, the leader of the Green Party, stated that the government will decide “in the next few weeks” whether or not to extend electricity credits into the following winter. The Minister for the Environment, Climate, Communications, and Transport stated that Covid-19 supports were winded down over time and that this issue would require something … Read more
The first of three €200 electricity credits will appear on household bills scheduled to begin tomorrow. According to the government, the initiative will benefit over 2.2 million accounts. This series of electricity credits are part of a government plan to soften the impact of rising energy prices. The first energy credit will appear on customers’ … Read more
PrepayPower has confirmed that it expects to raise electricity prices by 9.9%, the fourth such increase this year. Approximately 170,000 customers will be affected by the change, but gas prices and standing charges will remain unchanged. Bonkers.ie is estimated that the increase will add around €200 to customers’ annual electricity bills based on average usage. … Read more
Offices, pubs, and restaurants were the only non-residential building types to show a decrease in median electricity consumption last year, according to the Central Statistics Office. Mean electricity consumption increased in community and daycare centres (+8%), primary health care facilities (+7%), and retail units (+2%), whereas it decreased in offices (-7%) and pubs and restaurants (-6%) … Read more
Customers of Energia will face significant increases in their gas and energy bills going forward as the company has announced new pricing increases. Gas consumers will see a 39% hike in their rates, while electricity customers will pay a 29% increase, starting on October 7. Customers that use dual fuel will see a 33% increase, … Read more
Electric Ireland has announced another price hike for electricity and gas customers for the third time in five months. The energy supplier will raise the standard pricing for gas and electricity, resulting in a 26.7 percent and 37.5 percent rise in monthly bills. The new prices will go into effect on October 1st. The largest … Read more
Electricity supply companies may be charged more for their customers to use electricity between the hours of 5pm to 7pm, according to the Economic and Social Research Institute. The Commission for the Regulation of Utilities (CRU) said it must “act quickly” to secure energy supply due to the significant risks to the country’s electricity network. … Read more
Electric Ireland announced price increases last month, and it went into effect on August 1st. The increases will result in residential gas and electricity price increases of 29.2% and 10.9%, respectively. This equates to an average monthly gas and electricity expenditure of €25.96 and €13.71, respectively. Irish energy providers announced over 35 price hikes last … Read more
According to the Central Statistics Office, (CSO) lower-income households in June saw inflation rates of up to 10.3% compared to highest income households’ 8.2%. The CSO has published an update to its first research paper on inflation broken down by various household characteristics up to June 2022. Commenting on the research report, Joseph Keating, … Read more
Compared to June 2021, wholesale electricity costs have increased by 91.3 percent, according to data from the June 2022 wholesale pricing index. The Central Statistics Office (CSO) reports that costs have increased for a wide range of products made in Ireland. Wholesale electricity costs increased by 26.9% in June compared to May 2022. Wholesale electricity … Read more
The number of households in energy poverty in Ireland has risen to the highest rate ever recorded, according to a new report by the Economic and Social Research Institute (ESRI). The report found that recent energy inflation has increased the estimated number of households in energy poverty to 29%. This leaves the share of households in … Read more