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ONE HUNDRED EURO will be taken off peoples’ first electricity bill of the new year, under government plans due to be announced next week.
The Journal reported yesterday that a memo will go to Cabinet on Tuesday outlining the measures government will take to reduce household energy bills.
The one-off €100 electricity credit will cover the first two months of the year. The final details of how the scheme will operate will be worked out over the weekend.
Finance Minister Paschal Donohoe and Public Expenditure Minister Michael McGrath are working with the Environment Minister Eamon Ryan on the matter.
Tánaiste Leo Varadkar said yesterday that he expects bills for electricity and possibly gas bills to go down a “a little bit” in the new year under new government measures.
Varadkar said the government are reviewing a range of options put forward by the European Union, which will assist families and households with the high cost of energy.
“These are currently under consideration. We would certainly like to do something to help with electricity bills and perhaps also gas bills,” he said.
“We hope to be in a position to make a decision on that in the near future so that people will see the effects of that decision in the bills they receive being a little bit lower than expected in the new year,” he said.
The Central Statistics Office (CSO) reported yesterday that Irish consumer prices were 5.3% higher in November than a year ago — the largest annual change in prices since 2001.
Prices are rising at their fastest pace in over 20 years and faster than last month’s 4.9% average across the Eurozone.
Prices increased by 0.6% within the month of November, marking the 13th consecutive month of inflation.
The annual increase is mostly being driven mainly by soaring diesel and petrol prices as well as electricity bills and gas bills, according to the latest Consumer Price Index.
Housing, electricity, water, gas and home heating prices jumped an overall 12% in the year and just over 0.2% in November alone.
Electricity prices had increased by almost 5% in the month, up nearly 21% over the 12 months, according to the figures.
As reported in The Journal’s Morning Memo newsletter today, the “booming demand coupled with shortfalls of wholesale gas supplies across Europe pushed up energy prices across the continent — particularly in the UK — over the late autumn period.”
Political pressure has been mounting on the government to step in as consumers face mounting bills.
Some of the immediate measures under consideration to help protect vulnerable consumers and businesses include providing emergency income support for energy-poor consumers as well as allowing for temporary deferrals of bill payments.
The EU has suggested that governments also introduce safeguards to avoid disconnections from electricity grids and to give temporary, targeted reductions in taxation rates for vulnerable households.
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That’s a manky looking breakfast roll.
Which makes it different how from every other breakfast roll?
I know, feckin’ great isn’t it?
Because it looks like somwone sat on it and the bread looks horrible
its not a lot,but at least their is something left that is Irish,i will make a point of buying these products in the future.
So just because it’s Irish even if it’s an inferior item you will buy it? That’s just stupid.
There is nothing inferior about Irish products made with fair Irish hands. You are a race traitor for suggesting there is. We must support Irish companies in the face of the multiculti genocide being foisted on us by the EU and its hidden masters. We must build Irish indigenous industry that pays its taxes and leave behind the false currency that is the Euro. Modern FIAT currency is the future. When our sovereign currency is worth a tenth of what the Euro is our exports will be so competitive that we will in months reach full employment and will be able to use the Euro and dollars we have been paid for our God to import critical needs. Paul Murphy, TD, sage leader, understands this.
See you have changed your name again you racist plonker – still didn’t get the Irish right though. And it is clear you know as much about economics as the copy paste merchant Coddler O’Toole. Lets print money until we can’t buy anything. Tosser.
‘Ballygowan’s water comes from a spring next to its Co Limerick factory’
AKA a tap.
It’s still better than a tap in the UK owned by Coca Cola.
brings to mind ‘Peckham Spring’ :)
Is Irish water still Irish?
How about an article on quality Irish products sourced in Ireland and manufactured by 100% Irish companies.
Our people are our best brand !
Then why the native exports and foreign imports?
Java Republic have a big glass-walled roastery in Ballycoolin in Dublin – they are a 100% Irish-owned company, owned and run by an almost completely untamed headbanger named David McKernan. They use ethically-sourced raw ingredients and are an exporter of high value-added teas and coffees. The finest brew in the country, yet when I went to Dunnes Stores recently they were gone off the shelves. Not in Tesco or Supervalu either. And I’m running low on stock, down to my last few bags.
?
Yesterday we heard that Lyons Tae is English – today we hear Barry’s is Irish but the raw material comes from Africa. Does the English stuff grow in England?
This is the type of thing where pollsters get all excited about the result but they fail to ask that all important follow up question after they ask ‘are you in favor of x issue’ and that question is ”how high a priority is this issue for you?” when you ask that devastating second question it often renders the first one moot.
We live in a globalized world now. Nationalism and economics don’t mix.
Think back to how ridiculous it was that the Irish state owned a sugar company, imagine that today when sugar is the direct cause of 80% of obesity out there (with pints the next culprit down)
The only nod I’d give to country of origin is meat, to make sure somethings from the EU15, but that’s not nationalism so much as a quality control issue.
Right Ryan, and when our little island has its argi-economy collapse (bringing down everything else) remember what you said here.
Are people in the republic even aware of how much the north contributes to the republics economy in terms of tourism, goods purchased, etc. Please stop this begrudgery to northen businesses as you would be a lot worse off without us…
I’m in New York and I buy imported Kerry Gold Irish butter.
Even the roman empire knew irish butter was the best.
What about the best sauce chef ??
Deep River rock is just tap water put through a filtering process. It doesn’t come form a source like ballygowan (which I’m sure goes through some sort of processing but..) the important difference is ballygowan actually comes from a spring water source.
Where the tap waters comes from, I don’t know, but would be interested to find out.
Can I ask why this article seems to tell people not to buy products from the north.they are from the island of Ireland too after all.. there are a lot of products on sale in the north that come from the republic and nobody begrudges buying them
And Butlers Chocolates are Irish too…..
Ah yes
have your say