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
The European commission has approved the Government’s Temporary Business Energy Support Scheme (TBESS). The TBESS, as announced on Budget day, will assist businesses with their energy costs during the winter months. The TBESS will cost approximately €1.2 billion and The scheme will be administered by the Revenue Commissioners. The scheme will be open to businesses … Read more
According to the Organisation for Economic Co-operation and Development (OECD), the world economy should avoid going into recession next year, but the worst energy crisis since the 1970s will cause a sharp slowdown, with Europe being the hardest hit. The group urged central banks to keep raising interest rates as a defence against this. Global … 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
The Minister for Social Protection, Heather Humphreys, has announced the start of the National Fuel Allowance Scheme for the 2022/23 Season. The €400 lump-sum payment for all households in receipt of the Fuel Allowance will be paid on the week commencing November 14th. The additional payment was announced as part of Budget 2023, bringing the … Read more
Two people have died and another has been injured in a collision involving a car transporter and three cars in Carrigaline, Co Cork this morning. The incident happened at 11 am this morning on the N28 Ringaskiddy Road at the Shannon Park roundabout in Carrigaline. The third person has been taken to Cork University Hospital … 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