Starting today, thousands of households across the country will see their gas and electricity prices decrease. SSE Airtricity, a major energy provider, has announced a 10% reduction in prices for customers on variable tariffs. This price cut will save the average customer around €150 a year on electricity and just over €100 on gas. This … Read more
Over 2.2 million households, including pay-as-you-go customers, will receive the next €200 (including VAT) electricity credit payment from today. Depending on a household’s individual billing cycle, people will see the credit during January or February. This is the second of three €200 (inclusive of VAT) electricity credits announced as part of a suite of measures … Read more
Households with lower incomes, those in rural areas, and those headed by people over 65 continue to experience higher inflation rates. This is largely due to the fact that these households spend a larger percentage of their income on transportation, fuel, and utility costs. Prices have increased most dramatically in these areas. According to the … 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
The Cabinet has approved a package of measures to help mitigate the rising cost of rising electricity bills and to ensure secure supplies to electricity for households and businesses across Ireland over the coming years. The package of measures includes changes to the Public Service Obligation (PSO) levy (beyond those announced earlier in the year). … Read more
The Minister for Social Protection, Heather Humphreys, has announced that the extra Fuel Allowance Payment will be paid this week, commencing 16th May. In all, over 371,000 households will benefit from the €100 payment. This is equivalent to over 3 weeks of Fuel Allowance for these households. The Government approved the additional lump sum payment … Read more
New research from the Central Bank has found that lower-income, older and rural households have faced a higher than average increase in the cost of living in recent months. This is because they spend a bigger proportion of their income on heating, energy, and transport, all of which have gone up sharply in price. In an … Read more