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BP is the latest energy firm to post bumper earnings as oil and gas prices have soared following Russia’s invasion of Ukraine.
The estimate is based on energy inflation observed from January 2021 to April 2022.
The Taoiseach told the Dáil that Putin wants western governments to get the blame for rising energy costs.
The massive increase was raised in the Dáil by Independent TD Denis Naughten.
Targeted supports for those on fuel allowance will mean an additional three weeks payment.
We want to get a sense of how Irish households are dealing with the rise in energy prices – here’s how you can take part.
Electric Ireland is the latest energy provider to announce a price hike.
Mary Lou McDonald has called for a 0% VAT rate for a period of time on domestic energy bills.
‘No one can be certain about what will happen over the course of 2022,’ the Taoiseach said.
Martin said he expects the European Commission to suggest alternative cost-cutting measures by the end of the month.
Varadkar said the cost of living was rising even before the war in Ukraine, and now it has only gotten worse.
Young people are locked out of housing and struggling against rising costs in Ireland, writes Conor Brummell.
An increase in the €100 electricity credit is widely expected.
‘I honestly don’t think you’re living in the real world,’ Labour leader Alan Kelly told the Taoiseach today.
Electricity prices increased by almost 5% in November, up nearly 21% over the 12 months.
Cowen asked why the ESB is being rewarded “handsomely despite exacerbating the supply shortage”.
The price change will see a typical household bill increase by around €3.89 per week for dual fuel customers.
Energia has cut its rates only a few days after a new player emerged in the market.
Cutting costly emissions from thousands of public buildings would help the environment and save Ireland €200m a year – without requiring a single job loss.
After absorbing the price increase for the winter, Bord Gáis Energy is to add around 50 cent a week to bills.
One of the organisers said the government has “little or no long term, coordinated plans in place and is open to whoever wishes to come in and exploit our resources”.
France banned the practice in 2011 over the objections of the oil industry.
The Society of St Vincent de Paul has highlighted energy costs as particularly burdensome for struggling families.
Electric Ireland is to increase the price for residential gas by 2 per cent from the start of October.
Prices are set to rise by 2 per cent – although Bord Gáis had originally asked for an increase of more than 7 per cent…
The move would add almost nine euro per month to the average household winter gas bill.
Around one quarter of people who ask for help are looking for food.