"Ireland has the highest electricity prices in Europe and the largest gap between what it costs to produce energy and the price at which it is sold to customers, neither of which bodes well for our national retrofitting plan As we headed to winter, Ireland's big utility companies moved as one to kick every Irish household right in the coin box."
"Earlier this month Bord Gais Energy upped its unit price to consumers by a whopping 13.5pc also increasing its standing charge by 12pc. Pinergy announced hikes of 13pc and Energia upper their charges by 12pc. SSE Airtricity ratcheted up its charges by 9.5pc. The reasons for double digit price increases? They cited higher network charges from the energy regulator and higher wholesale prices for gas, which is the main fuel for generating electricity."
Ireland has the highest electricity prices in Europe and the largest gap between production costs and retail prices, which weakens the national retrofitting plan. Major utilities implemented steep price increases as winter approached, sharply raising costs for households. Bord Gais Energy raised its unit price by 13.5% and its standing charge by 12%. Pinergy, Energia and SSE Airtricity increased charges by approximately 13%, 12% and 9.5% respectively. Companies attributed the double-digit hikes to higher regulator-imposed network charges and rising wholesale gas prices, with gas remaining the primary fuel for electricity generation, intensifying household affordability pressures.
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