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Lauren Boland/The Journal

Taoiseach calls energy prices 'off the Richter scale' as Electric Ireland confirms new hike

Electric Ireland has announced its third increase in five months starting from October.

LAST UPDATE | 1 Sep 2022

THE TAOISEACH HAS said that energy prices are “off the Richter scale” compared to last year as Electric Ireland announced another hike, its third increase in five months.

The provider announced plans to increase residential electricity bills by 26.7% and gas bills by 37.5% with effect from 1 October 2022.

The company said the increases equate to €37.20 per month on the average residential electricity bill and €42.99 per month on the average residential gas bill, based on the estimated annual bill as defined by the Commission for Regulation of Utilities (CRU).

The CRU have also announced that due to new tariffs on gas transmission, there will be a 1.41% increase in customers gas bills from 1 October 2021. This is equal to €16.

It followed similar recent hikes from other suppliers amid growing concerns about energy costs and security over the winter.

Taoiseach Micheál Martin said the latest increases reflects the “broader exponential rise in energy prices”.

Speaking to reporters this afternoon, Martin said that there have been “dramatic, unprecedented increases in pricing” on the energy wholesale market.

Energy ministers from around the European Union are due in Brussels next week for an emergency meeting.

“The President of the Commission [Ursula von der Leyen] has informed me that they would be bringing forward emergency provisions to try to deal with the market right now,” the Taoiseach said.

“That will perhaps be the link between the price of gas and the wider price and the need to do something quickly in respect of that, and then a more structured reform of the market over the next 12 months,” he said.

“From a government perspective, we will use the Budget and also, in tandem with the Budget, the cost of living package to alleviate pressures on households. We also have to look at the impact on businesses in terms of jobs, retention of jobs.

We will also be launching a demand reduction approach – in other words, energy efficiency all round and all of us will have to see what we can do to reduce our energy consumption, because it is very costly now at an individual level and at a societal level.”

Finance Minister Paschal Donohoe echoed the Taoiseach, telling reporters this afternoon that measures to help tackle the rising cost of living would be at the “heart” of the budget.

However, when asked if he would consider implementing energy price caps in Ireland, he said that he did not believe a cap would be implemented effectively in Ireland, due to the size of the economy.

“If price caps are being brought in, the most effective way they can be brought in is at a European wide level or even through heightened forms of international cooperation,” Donohoe said.

“I have not been convinced that we would be able to implement a price cut in an economy of our size without quickly creating other problems for ourselves.”

On a windfall tax, Donohoe said that he and the Government would be considering it, but the potential impacts of such a tax would need to be examined.

The Taoiseach said the idea of not changing the clocks in October to reduce some energy pressure in the evenings – a suggestion that has been floated – is not being considered specifically at the moment but that “the big impact we can have is on our energy consumption, how we can consume energy over the coming months”.

“We can alleviate pressures to some degree from a budgetary perspective but given the exponential growth at the moment and forecast into winter and early next year, clearly there has to be a wider intervention in the market to bring prices back down.

“I am heartened by the fact that at a European level, storage levels are over the 80% that was called for by the Commission and that is having a dampening effect at the moment in terms of prices, but relative to where we were last year, they’re still off the Richter scale.”

In a statement, Electric Ireland Executive Director Pat Fenlon said: “This continues to be a very challenging time for customers, and an unprecedented time in the energy industry with increases to wholesale gas prices in excess of 700% over the last 12 months and 200% since June 2022 alone.

“It is with considerable reluctance that we are increasing electricity and gas prices again for our customers, which is necessary given the continuing increases in wholesale energy prices, particularly gas.

“To put that into context, this time last year wholesale gas prices for winter were circa. GBP£1.15 per therm, and as of last week, this winter’s prices were circa. GBP£7.70 per therm.”

On 1 July the company announced increases in both electricity and gas prices citing effects from the war in Ukraine.

At that time, electricity prices were increased by 10.9%, and gas rose 29.2%.

The first increase kicked in on 1 May – at that time electricty costs went up 20%.

With reporting by Lauren Boland and Tadgh McNally

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    Mute Daithi Mac An TSionnaigh
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    Sep 1st 2022, 12:38 PM

    Are the government going to do anything about this at all

    2119
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    Mute Greachán Ó Ceallaigh
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    Sep 1st 2022, 12:40 PM

    @Daithi Mac An TSionnaigh: No no no, you don’t understand, Minister Donnelly is an ACCIDENTAL landlord… and his breaking of the law was an “oversight”, not a crime.

    1251
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    Mute Wooden Spoon
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    Sep 1st 2022, 12:40 PM

    @Daithi Mac An TSionnaigh: They’ll release a statement apologising for the lack of oversight then continue on with their day.

    615
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    Mute Pol Mlp
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    Sep 1st 2022, 12:41 PM

    @Daithi Mac An TSionnaigh: they are too busy trying to find out how many properties they are actually renting out

    346
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    Mute Michael Howe
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    Sep 1st 2022, 12:49 PM

    @Daithi Mac An TSionnaigh:

    14
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    Mute Peadar Whelan
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    Sep 1st 2022, 12:59 PM

    @Daithi Mac An TSionnaigh: what would you suggest yhe Government do, if the wholesale prices are rocketing its inevitable the retail will follow

    38
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    Mute Rob Jones
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    Sep 1st 2022, 1:05 PM

    @Daithi Mac An TSionnaigh: One simple way to help is to reduce the VAT on electricity.

    251
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    Mute Earth Traveller
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    Sep 1st 2022, 1:16 PM

    @Rob Jones: Or eliminate the VAT, cancel Eamon Ryan’s green tax, get rid of the PSO tax (whatever that is).

    314
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    Mute John
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    Sep 1st 2022, 1:18 PM

    @Peadar Whelan: We all know that they have to increase but not as much as they are. If they were increasing just to cover oil/gas prices their profits would be in line with last years.

    166
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    Mute Sean Minihane
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    Sep 1st 2022, 1:21 PM

    @Wooden Spoon: much like Johnny Guirke from Sein Fein did last week.

    31
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    Mute JG
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    Sep 1st 2022, 1:21 PM

    @Daithi Mac An TSionnaigh: yeah, they will tell old pal Vlad to stop that nasty old bickering he’s having with his neighbour and tell them shaken hands and otnwill be all grand….
    On the other hand they could nationalise vital services such as the electricity supply and prevent private enterprise from ripping us off to benefit the share holders.

    141
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    Mute Sheila McNulty
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    Sep 1st 2022, 1:25 PM

    @Greachán Ó Ceallaigh: what has that got to do With Electric bills skyrocketing

    29
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    Mute Alan Byrne
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    Sep 1st 2022, 1:26 PM

    @Greachán Ó Ceallaigh: He didn’t break any laws, The RTB registration process used to be every 4 years and it was changed in 2019 to every year, mainly so they could collect a yearly registration fee. If he had renewed in 2019, next renewal would have been 2023. This is catching out a lot of people, not just politicians. It’s the equivalent of being a month ot two late renewing your car tax. Peoples faux outrage over this is crazy, instead they should be directing their anger at Stephen Donnelly for the amount of Doctors, medical interns and other front line health workers that are not getting paid on time, sometime months late, or every time they move to a new hospital they end up on emergency tax for months.

    73
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    Mute Damien Leahy
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    Sep 1st 2022, 1:37 PM

    @Peadar Whelan: are you seriously trying to justify the 5th increase this year? What’s their reason for the increase giving that their profits have probably increased rather than decreased? Have we no regulation in this country?

    168
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    Mute mark daly
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    Sep 1st 2022, 1:48 PM

    @Greachán Ó Ceallaigh: In fairness he can’t be expected to keep track of all his properties. Poor fella having to try and remember every property he has. Must be hard on him..

    87
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    Mute Earth Traveller
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    Sep 1st 2022, 1:49 PM

    @John: Tuesday – The Guardian: “The day-ahead UK wholesale gas price tumbled by more than 20%…”.
    Thursday – Electric Ireland: ‘Let’s put the price up by 37%’.

    110
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    Mute Damien Leen
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    Sep 1st 2022, 1:51 PM

    @Pol Mlp: and receiving assistance for if they’re not renting them out ..cause they are on a low wage like

    43
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    Mute Bernadette Daly
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    Sep 1st 2022, 1:55 PM

    @Daithi Mac An TSionnaigh: The only way to stop this is take to the streets every city and town, they have done this in other countries. This has to stop its frightening! People are dreading the winter.

    123
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    Mute Gearóid MacEachaidh
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    Sep 1st 2022, 2:34 PM

    @JG: YES this!!!

    11
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    Mute Heisen berg1
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    Sep 1st 2022, 3:49 PM

    @Daithi Mac An TSionnaigh: and turn down all the extra vat and carbon taxes,

    32
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    Mute Epgenetics29 Declan Christy
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    Sep 1st 2022, 4:02 PM

    @Sean Minihane: Listen to yourself, your defending wrong doing by pointing out other wrong doing?!

    Back to the point in question this budget will either be a home run or a 3 strikes and they’re are all out budget. No mention of any action because whatever they do will be wiped out with another price hike. VAT exemptions is the only way in my opinion.

    20
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    Mute Ashling Fenton
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    Sep 1st 2022, 4:12 PM

    @Peadar Whelan: The company had a billion dollar profit last year. Maybe they should start passing on their profit to the customer instead.

    50
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    Mute potnoodle
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    Sep 1st 2022, 4:24 PM

    @Wooden Spoon: lessons will be learned

    27
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    Mute Hans Vos
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    Sep 1st 2022, 4:35 PM

    @Pol Mlp: Some of them have to open their trousers to count to 11 I’m afraid.

    16
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    Mute Stephen Kelly
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    Sep 1st 2022, 5:05 PM

    @Sheila McNulty: comments are closed on that thread

    7
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    Mute Keith Grant
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    Sep 1st 2022, 12:39 PM

    When is the energy regulator going to step in?! They’re just jacking up prices pre budget

    1082
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    Mute Celtic Eagle
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    Sep 1st 2022, 12:54 PM

    @Keith Grant: People were delighted with sanctions on Russian oil and gas. We are now suffering the consequences.

    537
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    Mute Barry Somers
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    Sep 1st 2022, 1:18 PM

    @Celtic Eagle: I’d gladly accept these price increase rather then sit back and do nothing whole one country invades another an innocent civilians are murdered.

    But then its easy make your comment when your house hasn’t been bombed I suppose.

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    Mute Johnny Honest
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    Sep 1st 2022, 1:24 PM

    @Barry Somers: what ? Didn’t America and uk invade Iraq and Afghanistan and nobody did anything about that either. Serious irony there

    294
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    Mute Barry Somers
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    Sep 1st 2022, 1:26 PM

    @Johnny Honest: how’s that whatabouttery going for you?

    Incase you didn’t notice the topic being discussed here is Russia, try to keep up.

    90
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    Mute aaron
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    Sep 1st 2022, 1:29 PM

    @Barry Somers: Claiming whatabouttery is just a handy way to avoid accountability for your own bias.

    Not insisting you have a bias here but if you don’t support America going into Iraq just say that instead of appearing to be on the side of hypocrisy

    188
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    Mute Rita Hayes Gannon
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    Sep 1st 2022, 1:38 PM

    @Barry Somers: good Man we sure need more like you…why don’t you pay your neighbours as well … what about the people who will go cold and hungry this winter

    155
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    Mute aaron
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    Sep 1st 2022, 1:42 PM

    @Barry Somers: and if you’re okay with 1 million plus dead Iraqis because America is the “good imperialism” then I don’t know what to say to you.

    151
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    Mute Eamonn Byrne
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    Sep 1st 2022, 1:43 PM

    @Barry Somers: hear hear

    22
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    Mute Eamonn Byrne
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    Sep 1st 2022, 1:47 PM

    @Johnny Honest: They did. And that was an egregious act that resulted in widespread global protests. It didn’t do much unfortunately. And Blair and Bush should be held accountable. Alas that didn’t happen. Just like feck all is happening to the Donald for inciting a coup attempt. Still doesn’t mean we can’t and shouldn’t condemn Russian aggression against Ukraine.

    50
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    Mute Damien Leahy
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    Sep 1st 2022, 1:48 PM

    @Barry Somers: you think Russia gives a flying f ck about our sanctions?

    99
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    Mute Johnny Honest
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    Sep 1st 2022, 1:49 PM

    @Barry Somers: take it easy barry you hypocrite. The truth obviously hurts. And trying to deflect won’t work

    73
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    Mute Johnny Honest
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    Sep 1st 2022, 1:51 PM

    @Barry Somers: and I’d advise you too keep up, the topic being discussed here is electric ireland. My god

    73
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    Mute Damien Leahy
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    Sep 1st 2022, 1:52 PM

    @Barry Somers: better yet can you name a war any war that was stopped by sanctions

    68
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    Mute Johnny Honest
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    Sep 1st 2022, 1:55 PM

    @Damien Leahy: he’s too busy getting a big list of people to pay their bills for them.

    52
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    Mute Barry Somers
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    Sep 1st 2022, 2:07 PM

    @Johnny Honest: you are an amusing little flower aren’t you.

    You called me a hypocrite, but you have no basis for this.
    The topic here is Russia, I commented on that.

    That most certainly doesn’t make me a hypocrite, but keep on thinking it if it makes you happy.

    22
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    Mute Brian Henoll
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    Sep 1st 2022, 2:48 PM

    @Celtic Eagle: Only 1 person to blame for this. Why dont you call him.

    15
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    Mute Tony Mc Grath
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    Sep 1st 2022, 3:39 PM

    @Eamonn Byrne: yes, it’s about time to tell all the Irish to come home from the US and leave that awful country, also time to tell the thousands of Irish in Russia to come home…….oh wait

    5
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    Mute Johnny Honest
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    Sep 1st 2022, 3:57 PM

    @Barry Somers: the topic here is the price of electricity you absolute tool

    46
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    Mute Johnny Honest
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    Sep 1st 2022, 4:01 PM

    @Barry Somers: the topic here is the price of electricity. But your own whataboutery changed the subject to Russia. Here’s a hint, look at the headline of the news article. Jesus Christ man

    31
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    Mute Colm Mcmahon
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    Sep 1st 2022, 4:29 PM

    @Barry Somers: Since your ok with and support all this price increases, you can pay my energy bill because I am not happy to pay for Ukraine’s and NATO’s War just so they can destroy Russia so America can have a free had to deal with China.

    43
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    Mute SquideyeMagpie
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    Sep 1st 2022, 4:37 PM

    @Celtic Eagle: id pay €100000 a year rather than let a bully away woth anything. Its called principle

    8
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    Mute aaron
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    Sep 1st 2022, 4:54 PM

    @SquideyeMagpie: grand so I’ll send you my bill there.

    33
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    Mute aaron
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    Sep 1st 2022, 4:56 PM

    @SquideyeMagpie: it’s obvious sanctions are not working and will not work. It has done very little to slow down the war and has completely backfired https://www.irishexaminer.com/opinion/ourview/arid-40939796.html

    24
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    Mute Liam O Connor
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    Sep 1st 2022, 5:40 PM

    @Barry Somers: Ukrainians coming here and returning to their own country to get their teeth looked after then return here again, what a joke.

    35
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    Mute Ollie Egan
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    Sep 1st 2022, 5:50 PM

    @Celtic Eagle: do you think if it were happening to Ireland the Ukrainian people would backing us up and be happy with all these increases for the sake of us????

    22
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    Mute Bodyfit Aloe Aloe
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    Sep 1st 2022, 8:24 PM

    @Barry Somers: Will ya, what did you do for the other countries being and still being invaded?? ye SFA. double standard BS

    4
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    Mute Padraic Burke
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    Sep 1st 2022, 12:39 PM

    I feel the only thing that could stop this is if the entire country boycotted paying for a few months.

    749
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    Mute Frances Casey
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    Sep 1st 2022, 12:41 PM

    @Padraic Burke: Its time the people took to the streets. Enough is enough. Out and out price gouging and using Ukraine as an excuse.

    979
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    Mute JustBEERbarry
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    Sep 1st 2022, 12:47 PM

    @Padraic Burke: exactly, no one should pay this nonsense

    338
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    Mute Dan Lewis
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    Sep 1st 2022, 12:56 PM

    @Padraic Burke: I totally agree with this. The problem is the fear of the consequences. Yet if we ALL did it they’d not have the resources to chase up over 800,000 customers at the same time

    122
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    Mute aaron
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    Sep 1st 2022, 1:06 PM

    @Padraic Burke: Yup, similar to what people did with Irish water, unfortunately that’s a once in a blue moon reaction from the Irish. People will shut up and pay

    92
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    Mute Keith Nevin
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    Sep 1st 2022, 1:11 PM

    @Padraic Burke:

    October would a grand month not to pay!
    Give everyone some time to prepare

    51
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    Mute Keith Nevin
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    Sep 1st 2022, 1:13 PM

    @Padraic Burke:

    October would be the best month to stop paying for this utility

    44
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    Mute Bernadette Daly
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    Sep 1st 2022, 1:58 PM

    @Frances Casey: Totally agree its the only way.

    36
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    Mute Dean
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    Sep 1st 2022, 2:30 PM

    @Padraic Burke:
    And cap CEO salaries to 20 times that of the lowest paid worker. Cap profits. Stop shareholder dividends, those profits should trickle down to workers, not upwards to shareholders.

    70
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    Mute Brian Henoll
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    Sep 1st 2022, 2:50 PM

    @Dean: boooring

    2
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    Mute Angeles
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    Sep 1st 2022, 3:16 PM

    @Padraic Burke: here, here!!

    6
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    Mute Lily Martin
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    Sep 1st 2022, 4:40 PM

    @Padraic Burke: as it stands a lot of people won’t pay because they simply cannot afford this.

    14
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    Mute Jennifer Liddy
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    Sep 1st 2022, 12:39 PM

    Oh for goodness sake…. It’s just greed. Where is the regulator???

    732
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    Mute JustBEERbarry
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    Sep 1st 2022, 12:46 PM

    @Jennifer Liddy: not asleep at the wheel, dead at the wheel.

    341
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    Mute Chris Linehan
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    Sep 1st 2022, 12:59 PM

    @JustBEERbarry: Sold the wheel with the rest of the car and bought some property which he’s renting out for mad money.

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    Mute motojack
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    Sep 1st 2022, 1:11 PM

    @Chris Linehan: and claiming travel expenses for the sold car

    74
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    Mute JustBEERbarry
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    Sep 1st 2022, 1:20 PM

    @Chris Linehan: and the property is on a beach in Bulgaria and is now worth cents on the euro

    30
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    Mute Jp Vaughan
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    Sep 1st 2022, 1:24 PM

    @Jennifer Liddy: Part of this is laid at the regulators feet. Their inaction on recommendations for the last numerous years has led to this current position

    Eirgrid declares Utilities Commission system a ‘failure’ https://jrnl.ie/5850874

    47
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    Mute Ronnie Smith
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    Sep 1st 2022, 1:42 PM

    @Jennifer Liddy: Probably still on summer holidays

    25
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    Mute Earth Traveller
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    Sep 1st 2022, 4:14 PM

    @Jennifer Liddy: There’s a regulator?

    26
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    Mute Frances Casey
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    Sep 1st 2022, 6:00 PM

    @Chris Linehan: And probably claiming HAP!!

    8
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    Mute David Gray
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    Sep 1st 2022, 12:39 PM

    Great seeing privatisation working so well in creating competition and keeping prices down.

    541
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    Mute Sean Stevenson
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    Sep 1st 2022, 1:21 PM

    @David Gray: And the Irish people, being the docile population they are, will sit and take it. We’re the good boys of Europe. Last cost of living protest I was at there was sweet FA people.

    244
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    Mute thesaltyurchin
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    Sep 1st 2022, 1:59 PM

    @Sean Stevenson: The Opus Dei of nations. We love the problems more than the solutions.

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    Mute Sean D
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    Sep 1st 2022, 4:37 PM

    @David Gray: crap situation, but where would a nationalised entity procure their energy from?

    4
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    Mute Jason Walsh
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    Sep 1st 2022, 4:59 PM

    @David Gray: all working in cahoots like the insurance companies, agree the lowest baseline they won’t cross.

    14
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    Mute Tom Fearon
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    Sep 1st 2022, 7:48 PM

    @David Gray: Nationwide Inflation is caused by expansion of the money supply not private businesses.

    1
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    Mute TheKloppKop
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    Sep 1st 2022, 12:42 PM

    Mortgage/rent
    Childcare
    Day to day costs going up
    Electricity
    Gas
    Fuel

    Enough is enough when companies are making record breaking profits and ordinary people and families are now at breaking point.

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    Mute John Long
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    Sep 1st 2022, 12:44 PM

    The 3rd price increase in 5 months. Is it any wonder why so many people suffer from their mental health? It’s morally wrong for energy companies to repeatedly increase their prices when they already make obscene profits.

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    Mute Mairead Conroy
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    Sep 1st 2022, 12:40 PM

    Well they won’t have to worry about black outs during the winter because we won’t be able to turn the lights on, we’ll be back in the middle ages

    347
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    Mute hellsbells
    Favourite hellsbells
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    Sep 1st 2022, 12:40 PM

    Every service provider has emptied our wallets, we’ve nothing left to give.

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    Mute Brian Dunne
    Favourite Brian Dunne
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    Sep 1st 2022, 12:39 PM

    This has to stop somewhere.

    263
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    Mute Robert Johnson Fagan
    Favourite Robert Johnson Fagan
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    Sep 1st 2022, 12:41 PM

    Two words- Nationalise and subsidise

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    Mute Fephie Stitz
    Favourite Fephie Stitz
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    Sep 1st 2022, 3:05 PM

    @Robert Johnson Fagan: absolutely!

    50
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    Mute antisocialbarber
    Favourite antisocialbarber
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    Sep 1st 2022, 4:35 PM

    @Robert Johnson Fagan: it’s the only way!! Although this lot would make a balls of it, no doubt

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    Mute Sean D
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    Sep 1st 2022, 4:39 PM

    @Robert Johnson Fagan: Where will a nationalised energy company get its energy from?

    1
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    Mute Liam Collins
    Favourite Liam Collins
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    Sep 1st 2022, 12:38 PM

    Anything to be said for another mass?

    237
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    Mute SJJ
    Favourite SJJ
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    Sep 1st 2022, 12:43 PM

    @Liam Collins: would prefer a revolution

    226
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    Mute JustBEERbarry
    Favourite JustBEERbarry
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    Sep 1st 2022, 12:43 PM

    @Liam Collins: I do love a good mass

    72
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    Mute SJJ
    Favourite SJJ
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    Sep 1st 2022, 12:42 PM

    Ah just like car insurance companies. Let’s all raise our price together lads

    231
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    Mute Now or Never
    Favourite Now or Never
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    Sep 1st 2022, 12:39 PM

    We are crippled, just one blow after another.

    317
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    Mute JustBEERbarry
    Favourite JustBEERbarry
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    Sep 1st 2022, 12:46 PM

    @Now or Never: easy, just don’t pay. Theres no way in hell everyone can afford this sort of crap, what can be done if businesses are shuttering and consumers aren’t paying? Paying only encourages further increases. This is 2022, we are facing massive debt, job losses and blackouts this winter. It’s 2022, the government need to get a handle on this or make way for someone else.

    265
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    Mute Karl Phillips
    Favourite Karl Phillips
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    Sep 1st 2022, 12:41 PM

    There is no way a small business can carry this extra cost and if they try to pass it on to us the customer, we will not buy it.Rough times ahead.

    221
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    Mute the shadow
    Favourite the shadow
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    Sep 1st 2022, 12:43 PM

    I cancelled Sky last week to save nearly €100 a month, there’s a few more subscriptions I am looking at,will get the ax’s

    223
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    Mute Seamus McLaughlin
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    Sep 1st 2022, 1:29 PM

    @the shadow: Cancel the wifi, and stop posting on here!

    62
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    Mute the shadow
    Favourite the shadow
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    Sep 1st 2022, 1:45 PM

    @Seamus McLaughlin: phone Seamus

    34
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    Mute Pat Man
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    Sep 1st 2022, 4:16 PM

    @the shadow: I cancelled the sun last week but it still shone brightly

    5
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    Mute Chris Long
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    Sep 1st 2022, 12:51 PM

    The esb reported a operating profit of €679,000,000 in 2021.

    213
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    Mute David Corrigan
    Favourite David Corrigan
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    Sep 1st 2022, 1:14 PM

    @Chris Long: Some brick, isn’t it?

    58
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    Mute l
    Favourite l
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    Sep 1st 2022, 12:58 PM

    Gas prices dropped 20% today. Electricity unit price is tied to gas price. They should review this, and quickly.

    180
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    Mute Mickey Finn
    Favourite Mickey Finn
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    Sep 1st 2022, 1:07 PM

    @l: oil is down again

    82
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    Mute The next small thing
    Favourite The next small thing
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    Sep 1st 2022, 1:59 PM

    @l: was going to say the same, it might have been £7.70 last week but it’s down to £4.47 as of Tuesday, enough, time to nationalise energy provision again as the privatisation route has not led to the competition and lower prices we were promised (and I am not a leftie by any means)

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    Mute Jason Walsh
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    Sep 1st 2022, 5:44 PM

    @l: they’ll up it now to say in a while they’ll reduce it due to the gas price reduction, all to put on a show

    13
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    Mute Joby Redmond
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    Sep 1st 2022, 1:04 PM

    Cap their profits. Tax them to the hilt. Spain has done it and we could do it too! We need proper leadership from our politicians now.

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    Mute Bala mc blaha
    Favourite Bala mc blaha
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    Sep 1st 2022, 12:39 PM

    this is getting very difficult. . .

    170
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    Mute Aiden Thompson
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    Sep 1st 2022, 12:40 PM

    This will continue unabated until these big companies are told no by the government’s in charge, shameful

    204
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    Mute David Corrigan
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    Sep 1st 2022, 1:13 PM

    @Aiden Thompson: Not going to happen. Those companies only laugh at our government.

    115
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    Mute Michael McGrath
    Favourite Michael McGrath
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    Sep 1st 2022, 1:18 PM

    @David Corrigan: You would swear our govt don’t get a cut out of every watt sold in this country.

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    Mute Alan Byrne
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    Sep 1st 2022, 1:36 PM

    @David Corrigan: There is not much our government or any government can do except to subsidise the consumer. Even if we nationalised all energy companies we would still have to pay international energy prices for the gas and oil we import. The knock on effect on businesses will not be seen for a few months more, take something as simple as potatoes, they are harvested during late summer months than stored in gigantic cold storage containers throughout the winter, lots of potato producers will not be able to afford the increased energy costs to keep those refrigators turned on during the coming 8 months. The government are going to have to subsidise both private businesses and the consumer to help with this, after all they had no problem throwing billions into covid controls over the past few years.

    26
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    Mute Rogozhin
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    Sep 1st 2022, 12:45 PM

    Its really disgraceful, this relentless price gouging. It’s beyond time the government step in and affirm that there are basic human rights at stake here that are being relentlessly eroded by this shareholder- centred’ and profiteering approach to everything…we really mustnt take it any more!

    180
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    Mute Mickey Finn
    Favourite Mickey Finn
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    Sep 1st 2022, 12:53 PM

    Esb will clear the Billion mark in profits this year

    118
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    Mute Ciarán Ó Dúghaill
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    Sep 1st 2022, 12:40 PM

    So that’s just it then? Up the prices and tough shit to the general public that will be landed with these extortionate bills… wonder that the end of year profits will be like? That’ll make for an interesting read…

    201
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    Mute Dave.
    Favourite Dave.
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    Sep 1st 2022, 1:12 PM

    Not that it matters, or will he give it even a look. I email Minister Ryan, to actually ask him is he going to actually do anything about this? Folks, genuinely are we going to take to the streets, I feel it literally is the only course of action at this stage to get this under control and those in power to listen to us.

    121
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    Mute Stephen Lambkin Moroney
    Favourite Stephen Lambkin Moroney
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    Sep 1st 2022, 12:40 PM

    €37.20 electricity and €42.99 for gas( I think it’s time to bring back wearing those extra jumpers and jackets at home for the heat . Those increases are crazy

    131
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    Mute Ian James Burgess
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    Sep 1st 2022, 12:59 PM

    Everyone needs to get onto their Social Welfare office looking for assistance and I mean, Everyone.

    101
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    Mute potnoodle
    Favourite potnoodle
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    Sep 1st 2022, 12:39 PM

    Greedy Fe ks

    130
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    Mute Seymour business
    Favourite Seymour business
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    Sep 1st 2022, 12:41 PM

    They’ll have to cancel the electric picnic at this rate.

    111
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    Mute Sidney Cooper
    Favourite Sidney Cooper
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    Sep 1st 2022, 11:16 PM

    @Seymour business: There will just be a picnic this year

    3
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    Mute Chris
    Favourite Chris
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    Sep 1st 2022, 12:45 PM

    The government and the regulator really needs to step in. This is going to cripple businesses and families. It will all be reactive. They need to step in now and push for a massive wind energy program and stop this from going forward. There needs to be huge grants for solar and a push to make things more sustainable. Petrol, gas and oil need to become a non issue but the civil servants will continue to get paid as all the tax payers get crushed.

    99
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    Mute Nicholas Grubb
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    Sep 1st 2022, 7:58 PM

    @Chris: You must be out of your tree.! The more wind and solar we have, the more expensive our power gets and it cant all be down to Russians stopping the wind of the West coast. Wonder who owns the big wind operations now. BP, Total, Shell and the rest. Have us over the barrel now for filling in the big gaps.
    We need to get planning for the nuclear right now.

    16
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    Mute Ciaran McCann
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    Sep 1st 2022, 1:07 PM

    That €200 credit was literally just an “IOU”.

    88
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    Mute Dan
    Favourite Dan
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    Sep 1st 2022, 1:12 PM

    “The company said the increases equate to €37.20 per month on the average residential electricity bill and €42.99 per month”….. Basically it means it going to cost the average house 962 Euro a year…
    A grand in one quick swipe
    This needs to be stopped

    88
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    Mute Charles McCarthy
    Favourite Charles McCarthy
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    Sep 1st 2022, 12:51 PM

    Energy Provision, cost is not the true crisis we have in Ireland today. Incompetence is. There is absolutely nothing more destructive than the unholy trinity of “Power, Greed, and Incompetence”.

    111
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    Mute Stephen
    Favourite Stephen
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    Sep 1st 2022, 12:41 PM

    Pure bullsh*t from them. They’ll make millions in profits while making the working class choose between food or heat. Government needs to step in and stop this madness.

    217
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    Mute aaron
    Favourite aaron
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    Sep 1st 2022, 1:09 PM

    Parent company is ESB which is 95% owned by the Irish state by the way. France renationalised the 16% of EDF it didn’t own in order to dictate the retail price set by EDP

    81
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    Mute Rogozhin
    Favourite Rogozhin
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    Sep 1st 2022, 12:46 PM

    Its really disgraceful, this relentless price gouging. It’s beyond time the government step in and affirm that there are basic human rights at stake here that are being relentlessly eroded by this shareholder- centred and profiteering approach to everything…we really mustnt take it any more!

    101
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    Mute Susan Barrett
    Favourite Susan Barrett
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    Sep 1st 2022, 1:22 PM

    I feel sick to my stomach reading this. They think the homeless figures are bad now? Wait for Christmas. There’ll be a lot more hard workers on the streets before we know it. Desperate times, it’s really frightening. Can barely keep up.

    88
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    Mute Ian E. Moon
    Favourite Ian E. Moon
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    Sep 1st 2022, 12:57 PM

    Well the”green” agenda is going well, what it’s only Well for the members of the WEF and Bilderburg who own shares in every sector of life through Blackrock financial and Vanguard financial, what do you mean they are getting rich and people will die from starving and freezing to death, most likely the old and sick. But Bill Gates Elon Musk Jeffrey Bezos Klaus Schwab and the others care about humanity, no they Don’t, they just want to clean the earth of “useless eaters”. They don’t care about about you your kids or your grandparents, they just want you on your knees begging and kiss their feet, they want you living in cities and they want you to eat bugs and lab grown meats, while they have real meats and real food in heated rooms drinking and laughing at the under class.

    112
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    Mute The number 78
    Favourite The number 78
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    Sep 1st 2022, 12:41 PM

    Get the candles out lads

    75
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    Mute Henn
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    Sep 1st 2022, 3:06 PM

    @The number 78: A pack of 50 night lights from Murphy’s candles have jumped from €5 a pack in supermarkets to €7.50 a pack! That’s some leap! Robbing *****

    50
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    Mute Michael Moran
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    Sep 1st 2022, 12:44 PM

    Next week we have ecb with possible. 75% rate increase. Gonna be a cold winter.

    60
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    Mute Alan O'Reilly
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    Sep 1st 2022, 1:45 PM

    This is a small country. Being energy independent is now a priority. Being dependant on other countries for energy is not an option any more.

    59
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    Mute Robbie Curran
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    Sep 1st 2022, 12:56 PM

    Financial Regulator 2008, “hahaha I must have the most useless job ever”.
    Energy Regulator 2022, “Hold my beer!”

    Energy Regulator 2022.

    76
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    Mute Christine Hanway
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    Sep 1st 2022, 12:50 PM

    An absolute farce

    64
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    Mute Great White Hope
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    Sep 1st 2022, 2:21 PM

    You see it’s not so bad if your on 150€K a year

    48
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    Mute Dave.
    Favourite Dave.
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    Sep 1st 2022, 6:02 PM

    @Great White Hope: I’d say they have an expense for this type of stuff our overlords

    9
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    Mute aaron
    Favourite aaron
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    Sep 1st 2022, 1:10 PM

    Wholesale gas tumbled 20% and the price of electricity is dictated by the price of Gas on the market.

    45
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    Mute Peter Byrne
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    Sep 1st 2022, 12:46 PM

    Im so glad, that at least we will be totally better hands than any other European union member state with our wonderful Green party leader Mr Ryan.
    Wait just wait, i hear you asking
    he going to sort it all out
    Wait just wait.

    48
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    Mute Christopher Byrne
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    Sep 1st 2022, 1:59 PM

    How are there profits going month on month and compared to last year? Shareholders need to loose out too. Can’t expect to maintain massive profits. Where is the regulator?

    39
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    Mute aaron
    Favourite aaron
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    Sep 1st 2022, 1:26 PM

    I doubt this has much to do with the market and more so sneaking in increases while they can before apparent EU intervention

    39
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    Mute Paolo Fandango
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    Sep 1st 2022, 12:50 PM

    Alcohol companies are publishing sales results that on-trade alcohol sales are above pre-covid levels in Ireland. (Up 23% July versus June)

    How is this the case If so many people are broke and fuel costs are going to cripple us?

    It doesn’t add up.

    I fully understand that there are folks that will struggle and they will struggle badly. But the over all numbers don’t add up.

    38
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    Mute Dave.
    Favourite Dave.
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    Sep 1st 2022, 1:16 PM

    @Paolo Fandango: Maybe cause more pubs are now offering food in there offerings, so people might actually go out for a few hours (how dare they).

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    Mute David Corrigan
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    Sep 1st 2022, 1:16 PM

    @Paolo Fandango: Drink is the only thing that helps a lot of folk live in this kip. I’m not surprised.

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    Mute Paolo Fandango
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    Sep 1st 2022, 1:31 PM

    @Dave.: I don’t think this explanation is likely because the alcohol companies don’t sell food. It’s purely their alcohol sales figures (diageo etc) that are stated.

    It also would seem irresponsible to increase your discretionary spend as an individual if tough times are here / ahead which I also would imagine is not the case here. People aren’t saying ‘oh, here’s a massive bill, let’s go out for pints because we can not afford to heat the bouse’

    So the question still stands, how among all the cost of living increases are Alcohol companies seeing massive increases in sales?

    11
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    Mute Alan Byrne
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    Sep 1st 2022, 1:39 PM

    @Paolo Fandango: Kind of agree with you a bit, I was out last weekend, restaurants full, pubs full, taxis full. Airport has never been as busy with people going on holidays. There is obviously a lot of money out there for some people by the looks of things.

    19
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    Mute Fephie Stitz
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    Sep 1st 2022, 3:08 PM

    @Alan Byrne: perhaps the people who are still living with their parents in their 30s are spending more on drink

    22
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    Mute Paul Doyle
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    Sep 1st 2022, 4:32 PM

    @Alan Byrne: God forbid anyone have an enjoyable evening in this overpriced kip

    26
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    Mute Keth Warsaw
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    Sep 1st 2022, 2:16 PM

    Backdoor taxing of the people one can be sure the government gave the greenlight to the energy companies prior to the patronizing budget we will be served up. Also, It’s the Central Bank debacle again, with the energy regulator out partying with all and sundry. And of course more tax for the government. Get rid of the cows – milk the humans.

    50
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    Mute Dave
    Favourite Dave
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    Sep 1st 2022, 12:44 PM

    its one way of getting is back to the office I suppose

    33
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    Mute Tom Keane
    Favourite Tom Keane
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    Sep 1st 2022, 1:56 PM

    Can’t wait for my locally elected politicians to knock on my door begging for a vote, they do absolutely nothing for the ordinary working person struggling to make ends meet. They can go and fcuk themselves

    98
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    Mute siobhan m
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    Sep 1st 2022, 4:02 PM

    Sweet baby Jesus enough is enough. Every day it’s another supplier – we know that they’ll all eventually bend us over. It’s a waiting game for which is up next. I’m wondering how better or worse we’d be if the Corrib gasline hadn’t been sold off.

    34
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    Mute OConnelj
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    Sep 1st 2022, 2:49 PM

    Maybe he should say less and do more!

    33
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    Mute Genera L Consensus
    Favourite Genera L Consensus
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    Sep 1st 2022, 4:06 PM

    DO SOMETHING THEN

    33
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    Mute SkylineSi
    Favourite SkylineSi
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    Sep 1st 2022, 3:35 PM

    Great, you acknowledge they are high but what are you going to do about them?

    33
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    Mute Alexandra Molloy
    Favourite Alexandra Molloy
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    Sep 1st 2022, 3:19 PM

    Call it all you want, stop trying to sympathise with the people. Step in and bloody do something about it.

    41
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    Mute Paul Callan
    Favourite Paul Callan
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    Sep 1st 2022, 1:29 PM

    Shame on all of them.

    48
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    Mute a
    Favourite a
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    Sep 1st 2022, 1:32 PM

    Got a bill off them saying we owed 1250 euro for last two years…even thou our 2 monthly bills have been paid in time for the last two years.

    29
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    Mute Sue OB
    Favourite Sue OB
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    Sep 1st 2022, 2:28 PM

    Omg getting ridicilious works out extra €75 each electic bill and over €80 on ur gas this government need to do something asap before people are in debt to energy companies, it will come down to paying these bills or putting food on table and paying for roof over ur head. Can forsee many familes rationing electic n heating

    40
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    Mute Shelley Keary
    Favourite Shelley Keary
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    Sep 1st 2022, 1:21 PM

    There’s going to be awful hardship this winter. VdeP going to be swamped. Yet a lot of people will never approach them and struggle along. Government has to step in and cap prices on electricity and gas. We borrowed big for the PUP so it needs to be done again for this winter

    31
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    Mute Andrew Thompson
    Favourite Andrew Thompson
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    Sep 1st 2022, 12:38 PM

    Ah shtap

    35
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    Mute Jim Harrington
    Favourite Jim Harrington
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    Sep 1st 2022, 1:49 PM

    Why don’t they use their huge profits to keep prices down,if not I suggest Legislation for a Special Tax on all Company profits in Ireland as there is no control over profits companies can make

    28
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    Mute barry moore
    Favourite barry moore
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    Sep 1st 2022, 2:10 PM

    @Jim Harrington: government raking in money on the vat they couldn’t care less.

    40
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    Mute Noel Donohue
    Favourite Noel Donohue
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    Sep 1st 2022, 1:10 PM

    How romantic dinner by candlelight

    27
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    Mute Michael Nolan
    Favourite Michael Nolan
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    Sep 1st 2022, 2:54 PM

    It’s all a scam

    32
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    Mute Daithi De Roiste
    Favourite Daithi De Roiste
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    Sep 1st 2022, 5:04 PM

    What do people expect, they voted for a government who was administered by a 12 year old Swede on how to energize their economy. They followed other countries over the cliff like Lemmings.

    27
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    Mute mark o donovan
    Favourite mark o donovan
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    Sep 1st 2022, 2:49 PM

    4.75 a thern today down over 40 percent, are they going to reduce prices now

    23
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    Mute Liam Meade
    Favourite Liam Meade
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    Sep 1st 2022, 3:10 PM

    Turf out the government and turf into the stove…

    32
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    Mute Emer Daly
    Favourite Emer Daly
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    Sep 1st 2022, 3:04 PM

    Sure do something about it then. Less talking more action.

    23
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    Mute Jason Walsh
    Favourite Jason Walsh
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    Sep 1st 2022, 4:58 PM

    Well tell the regulator to do their job so.

    22
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    Mute Nollaig Kelly
    Favourite Nollaig Kelly
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    Sep 1st 2022, 4:47 PM

    Why are they allowed to get away with this?

    Instead of statements like the above why don’t they stop raising these prices so much and so many times

    20
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    Mute barry moore
    Favourite barry moore
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    Sep 1st 2022, 4:51 PM

    @Nollaig Kelly: the CEO is tasked with making profits. Government are making money in tax. Both are happy and couldn’t care less about the averageperson. They just toss out silly comments to make us think that they care.

    28
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    Mute Angeles
    Favourite Angeles
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    Sep 1st 2022, 3:13 PM

    If nobody paid these ridiculous increases as the electric companies increase their profits further it would be their problem and not ours…
    Just putting it out there

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    Mute François Pignon
    Favourite François Pignon
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    Sep 1st 2022, 12:53 PM

    Gas is going only one way and thats up. So whats the alternative?

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    Mute Dave Deering
    Favourite Dave Deering
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    Sep 1st 2022, 1:04 PM

    @François Pignon: dropped by20% today

    41
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    Mute Alan Byrne
    Favourite Alan Byrne
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    Sep 1st 2022, 1:43 PM

    @Dave Deering: That price drop was for gas that will be purchased in the future. there is a lag of quite a few months on those wholesale prices will be seen to come into place. Most of the energy companies would have bought sufficient gas at last months prices to get them through winter as they feared the price would go even higher.

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    Mute MyDreamEscapade
    Favourite MyDreamEscapade
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    Sep 1st 2022, 2:21 PM

    Insane!!!

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    Mute Eamonn Byrne
    Favourite Eamonn Byrne
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    Sep 1st 2022, 4:18 PM
    14
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    Mute Brendan Mc Cormack
    Favourite Brendan Mc Cormack
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    Sep 1st 2022, 6:08 PM

    Can someone actually tell me what the energy regulator does ?

    14
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    Mute Richard Starling
    Favourite Richard Starling
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    Sep 1st 2022, 3:57 PM

    Then do something about you useless article instead of wringing your hands and wailing

    29
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    Mute potnoodle
    Favourite potnoodle
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    Sep 1st 2022, 4:23 PM

    What are going to do about it?

    12
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    Mute Pranab Vasudeva
    Favourite Pranab Vasudeva
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    Sep 1st 2022, 1:15 PM

    I’m so lucky. I moved my account to Board gais.

    12
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    Mute Jacqui Curtis-owens
    Favourite Jacqui Curtis-owens
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    Sep 1st 2022, 12:47 PM

    Bye bye.. go on bonkers.ie

    16
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    Mute Gareth Keenan
    Favourite Gareth Keenan
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    Sep 1st 2022, 12:50 PM

    @Jacqui Curtis-owens: sure every one of them are doing the same thing

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    Mute Mairead Conroy
    Favourite Mairead Conroy
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    Sep 1st 2022, 4:52 PM
    11
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    Mute Michael Fives
    Favourite Michael Fives
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    Sep 1st 2022, 3:54 PM

    Let’s hope we have a stormy winter . Get those wind turbines moving .

    11
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    Mute Leo O' Leary
    Favourite Leo O' Leary
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    Sep 1st 2022, 5:10 PM

    PPL can see right through this Bluffer

    13
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    Mute John Barry
    Favourite John Barry
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    Sep 1st 2022, 5:01 PM

    They don’t even buy dinner before the bend us over & screw us. Poxy government need to snap out of it & start doing something instead of sympathising.

    14
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    Mute thesaltyurchin
    Favourite thesaltyurchin
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    Sep 1st 2022, 2:00 PM

    Will you slob out of your Passat to march in the streets?… Didn’t think so.

    10
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    Mute Brendan Mc Cormack
    Favourite Brendan Mc Cormack
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    Sep 1st 2022, 6:08 PM

    Can someone actually tell me what the energy regulator does ?

    8
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    Mute Brendan Mc Cormack
    Favourite Brendan Mc Cormack
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    Sep 1st 2022, 6:08 PM

    Can someone actually tell me what the energy regulator does ?

    6
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    Mute Oliver Mahon
    Favourite Oliver Mahon
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    Sep 2nd 2022, 1:39 AM

    Cancel all direct debits on gas and Electricity and let them cut us all off together , can’t lock us all up and if they do we get fed and heating for free already paying 50 percentage of wages in rent , then add on utilities and the phone and if you haven’t got a phone you are basically not able to pay most places and they don’t take cash , can’t go to a bank to even lodge money to pay a bill as there is no cashiers , the machine that is doing this to us has to be taken on , people are going to die of poverty this winter and the government is not representing the people

    5
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    Mute Brendan Mc Cormack
    Favourite Brendan Mc Cormack
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    Sep 1st 2022, 5:59 PM

    Can someone actually tell me what the energy regulator actually does ??

    4
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    Mute OConnelj
    Favourite OConnelj
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    Sep 1st 2022, 7:11 PM

    @Brendan Mc Cormack: Sweet phuck all by the looks of it.

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    Mute Brendan Mc Cormack
    Favourite Brendan Mc Cormack
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    Sep 1st 2022, 6:02 PM

    Can someone tell me what the energy regulator does ??? Just yes no problem

    3
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    Mute Sean Mc Cabe
    Favourite Sean Mc Cabe
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    Sep 1st 2022, 5:42 PM

    Turn the lights off….

    3
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    Mute Don
    Favourite Don
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    Sep 1st 2022, 10:26 PM

    The only hope is the EU who have convened an emergency meeting to tackle the energy crisis. They know these prices are going to feed into everything and cripple the economy. Our government haven’t got the back bone to stand up to energy companies.

    3
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    Mute Watchful Axe
    Favourite Watchful Axe
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    Sep 1st 2022, 8:06 PM

    Ah jasus, I’m gona start making a few molotovs next. Just as soon as the price of petrol comes down.

    3
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    Mute Mark Reville
    Favourite Mark Reville
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    Sep 1st 2022, 5:34 PM

    The Government ought to launch an information campaign on ways of reducing domestic energy consumption. We are still very wasteful in our habits.

    1
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