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The interconnector will deliver up to 500MW of power into the national grid

Funding secured for 190km Ireland-UK interconnector

A new electricity interconnector between Ireland and the UK is on course to be delivered in 2024 after the project secured the €500m in required investment.

Business • 21 Mar 22

Bord Gáis Energy is ending its 'winter price pledge' and the changes will take effect from 15 April

Bord Gáis Energy prices to rise from next month

Bord Gáis Energy is increasing its rates for both electricity and gas customers from next month.

Business • 15 Mar 22

ESB's profits rose on the back of more demand for electricity, and changes to its network tariffs

ESB reports 10.2% rise in operating profits for 2021

ESB Group made a €679m operating profit before exceptional items last year, an increase of 10.2% on the 2020 figure.

Business • 10 Mar 22

Industry sources have indicated that an increase in the Strike Price could open the door to increases in prices for consumers in the future

Electricity market signals price shock

RTÉ News has learned that electricity generators have requested industry regulators to 'urgently' re-calculate a key price marker "...to reflect the sudden rise in gas prices driven by the international situation."

Business • 09 Mar 22

February 5 saw a new all-Ireland record for the amount of wind energy on the system at 4,584 MW

Wind energy supplied 53% of electricity demand

Wind Energy Ireland said that wind energy provided 53% of the country's electricity needs last month - the highest share of demand ever achieved by wind in Ireland.

Business • 07 Mar 22

The new gas-fired plants are expected to come online from October 2024 (Pic: RollingNews.ie)

Price triples as Eirgrid agrees deal for new gas plants

Eirgrid, the national electricity grid operator, has completed an auction with power companies which will lead to the construction of nine new gas generators around the country.

Business • 04 Feb 22

The research suggests that men more likely than women to switch their policies

Less than 40% shop around for electricity and gas deals

A new survey reveals that almost 70% shop around for car insurance every year, and more than half do so for home insurance - but less than 40% will look for a better electricity and gas deal.

Business • 01 Feb 22

Ireland is home to 70 data centres with many more planned - but their concentration in Dublin has put pressure on the electricity grid

Data centres get to grips with EirGrid's Dublin pause

EirGrid says that Dublin's electricity system is under pressure, but its moves to manage that have surfaced tensions between it, business and other sections of the State, writes Adam Maguire.

Business • 16 Jan 22

Memo on €100 credit scheme to be presented to Cabinet next week

Plans for €100 electricity credit to go before Cabinet

Plans for a universal, one-off electricity credit of €100 per household will go before the Cabinet on Tuesday.

Ireland • 10 Dec 21

Data centres are very heavy users of electricity (stock image)

New data centres may need to show power ability

The ability of new data centres to have their own onsite generation capacity equivalent to or greater than their demand, to support supply if needed, will be a key factor in future decision making around whether they are given access to the national electricity grid.

Business • 23 Nov 21

The latest price hikes from Flogas will come into effect from November 20

Flogas to increase gas and electricity prices again

Energy supplier Flogas has today announced another increase in its electricity and gas prices for residential customers.

Business • 15 Oct 21

How much electricity do data centres use?

claire byrne live • 06 Oct 21

Energy prices have jumped in recent months - as global demand rises and supply wanes

Price shock: Why are energy prices rising so sharply?

Energy companies have announced multiple price increases so far this year, with some households likely to end up paying hundreds of euro more per year to keep the lights on. So what's behind this sudden increase in costs?

Business • 02 Oct 21

Electric Ireland's residential electricity prices will rise by 9.3% and gas prices by 7% from November 1

Electric Ireland to raise gas and electricity prices

Electric Ireland has today announced its second price increase for residential customers this year, becoming the latest energy provider to raise prices.

Business • 01 Oct 21

Energia's price hike will take effect from October 18 and will affect around 160,000 electricity customers and 60,000 gas customers

Energia announces its third price increase this year

Energia has become the latest energy provider to increase its prices for residential electricity and gas.

Business • 17 Sep 21

Pinergy electricity prices rise for fourth time in 2021

Energy provider, Pinergy, has become the latest in a long and growing line of suppliers to announce an increase in residential electricity prices.

Business • 10 Sep 21

SEMO is a joint venture between Eirgrid and SONI, the Northern Ireland grid operator

2nd amber alert on electricity generation system lifted

An amber alert on Ireland's electricity generation system was lifted last night, according to a statement on the website of SEMO, the Single Electricity Market Operator.

Business • 10 Sep 21

The current estimates of the cost of the transition to more renewable electricity range from €60 billion by the MaREI Institute in UCC to €200 billion by the IMF

Call to publish cost of move to more renewable energy

The Irish Academy of Engineering has called for an official estimate of the cost of Ireland's planned transition to more renewable electricity to be published by Government.

Business • 08 Sep 21

Solar Electric supplies systems that allow businesses and homes to generate, store and eventually sell electricity

Pinergy acquires solar energy supplier Solar Electric

Energy firm Pinergy has acquired Co Wexford-based solar installation company Solar Electric.

Business • 18 Jul 21

An upgraded meter could help you to better manage your energy usage - saving money and carbon in the process

Get Smart: How your meter could help cut energy costs

With electricity prices on the way up for more than one million customers, the arrival of a smart meter could offer a rare (albeit modest) reprieve against rising utility bills, writes Adam Maguire.

Business • 05 Jul 21

Today's report sets out three key conditions that must be met if Ireland's carbon emissions in the electricity sector are to fall by 80% between now and 2030

Carbon emissions to be cut by 80% by end of decade

Carbon emissions from the Irish electricity sector could be cut from almost ten million tonnes annually to under two million tonnes by 2030, a new report from energy specialists Baringa and published by Wind Energy Ireland shows today.

Business • 30 Jun 21

Flogas said the price hikes were necessary due to the rising wholesale costs that have affected all suppliers

Flogas and Panda Power to increase energy prices

Two energy providers, Flogas and Panda Power, have today announced increases in their electricity and gas prices from June.

Business • 26 May 21

ESB Group said that increased residential demand offset falls in the business sector impacted by Covid-19 during 2020

ESB Group's 2020 profits fall on Covid-19 hit

ESB Group has reported an operating profit before exceptional items of €616m for 2020, a decrease of €66m on 2019 after a "challenging" operating environment brought about by the Covid-19 pandemic.

Business • 12 Mar 21

Under the Climate Action Plan, 70% of Ireland's electricity is to be generated by renewable means

Consultation on future of Ireland's electricity system

The operator of the national grid, Eirgrid, and Minister for the Environment, Climate and Communications Eamon Ryan are launching a 14-week consultation process on the future of Ireland's electricity system.

Ireland • 08 Mar 21

Energia is the latest utility company to announce price rises for its customers

Energia announces electricity and gas price rises

Energia is the latest company to announce an increase in energy prices for customers.

Business • 05 Mar 21