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Monday, October 18, 2021

Households face dramatic increase in energy costs this winter

Households face paying an extra €400 this winter for electricity and heating as the prices for energy continues to increase.

The energy crisis has intensified since yesterday’s announcement from Energia, with a third rise in costs for its 200,000 residential customers.

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As a result of the rising costs, many people have called on the government to cut taxes on electricity, gas and home-heating oil.

Despite energy tax cuts and new subsidies being introduced in other European countries, the Irish government has announced no plans to implement new measures to ease energy costs for families.

When asked if similar measures that have been introduced in other European countries would be introduced in Ireland, Environment Minister Eamon Ryan’s department did not outline any plans.

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With 60% of Ireland’s energy being sourced from fossil fuels, there have been 25 different electricity and gas price increases announced from 14 different providers.

The true burden of these increases will only be experienced during the winter when energy use is at its highest for both heating and lighting.

According to Energia Ireland, electricity prices will increase by nearly 16% next month with an 18.5% rise in gas.

Energia has blamed the surge in prices on global energy markets.

More price increases are expected to be announced by larger providers which means that families could face a hike of up to €500 in annual energy bills.

IMAGE – “Minister for Communications, Energy and Natural Resources Eamon Ryan” by The Green Party / Comhaontas Glas is licensed under CC BY-ND 2.0

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