Investors in Uniper vote in favour of state bailout Shareholders in Uniper have today approved a state bailout that has so far cost the German government more than €50 billion, paving a way for … Business • 19 Dec 22
€50 credit for Electric Ireland's electricity customers Electric Ireland said today that it will forgo profit from its residential electricity business as consumers continue to face pressures from surging energy costs. Business • 19 Dec 22
70% of firms predict lower profits due to energy costs Average business expenditure on gas has risen 90% year-on-year, according to a survey of firms by business group Ibec. Business • 19 Dec 22
German business morale up more than expected - Ifo German business morale rose more than expected in December as Europe's largest economy approached the end of the year with an improved outlook despite the … Business • 19 Dec 22
Gas demand in November up 13% on a monthly basis New figures from Gas Networks Ireland shows that colder temperatures in November compared to October saw a 13% increase in gas demand last month. Business • 19 Dec 22
EU gas cap deal unlikely to affect prices soon - Ryan An EU Energy Council decision to restrict the price of derivatives on the gas market is unlikely to have an immediate impact on energy prices … Business • 19 Dec 22
Minister not expecting big reduction in energy costs The Minister for Environment said he did not expect to see a significant reduction in energy prices in the next year or two, despite a … Politics • 13 Dec 22
North South interconnector would lead to efficiencies The long-planned North South electricity interconnector between the Republic and Northern Ireland would lead to "a more efficient transmission of electricity" on the island of … Business • 12 Dec 22
Cost of energy biggest cause of worry for public The cost of energy is the biggest cause of worry among the public, followed closely by the broader cost of living, a new survey by … Business • 12 Dec 22
What next for volatile fuel prices? Fuel prices have been remarkably volatile of late. Having passed the €2 per litre mark for a time, they're now back below that level again. … Business • 11 Dec 22
Pinergy to increase electricity prices again Energy supplier Pinergy is to increase its residential electricity charges. Business • 09 Dec 22
48% of Ireland's November electricity provided by wind New figures show that wind energy provided 48% of the country's electricity in November, which means it was the biggest source of electricity in Ireland … Business • 08 Dec 22
Govt business energy support scheme open for claims Businesses that are seeking assistance with meeting the cost of rising energy bills can now submit claims under the Government's support scheme. Business • 06 Dec 22
Households' electricity bills rose by 14% last year The median, or mid-point, annual household electricity bill in 2021 was €1,268. This was just over 14% higher than the median annual bill in 2020 … Business • 06 Dec 22
Further Russian missile strikes across Ukraine Ukraine has said that Russia destroyed homes in the southeast and knocked out power in many areas with a new volley of missiles today, while … Ukraine • 05 Dec 22
Firms can register for energy support scheme tomorrow The Temporary Business Energy Support Scheme (TBESS), which will assist businesses with their energy costs during the winter months, will open for registrations tomorrow - … Business • 25 Nov 22
Celtic Interconnector will lead to lower prices - Ryan Minister for Climate Eamon Ryan has said that the Celtic Interconnector - a sub-marine power cable connecting Cork to Brittany which will have a capacity … Ireland • 25 Nov 22
EU approves €1.2 billion energy scheme to support firms The European Commission has approved the €1.2 billion Temporary Business Energy Support Scheme (TBESS). Business • 24 Nov 22
Ireland 13th in Renewable Energy Attractiveness index The latest EY Renewable Energy Country Attractiveness Index shows that Ireland has slipped one place to stand in 13th position. Business • 24 Nov 22
UK's Ofgem says price cap will rise to £4,279 British energy regulator Ofgem said its price cap for average household energy bills would rise by about 21% to £4,279 a year from January to … Business • 24 Nov 22
Wholesale electricity prices down 52% in October - CSO Wholesale electricity prices fell sharply last month and are back to levels not seen since August of last year, according to the latest Wholesale Price … Business • 22 Nov 22
Euro zone current account deficit narrows The euro zone's current account deficit narrowed in September as the trade deficit halved, data from the European Central Bank showed today. Business • 22 Nov 22
Europe to be hit hardest in global slowdown - OECD The global economy should avoid a recession next year but the worst energy crisis since the 1970s will trigger a sharp slowdown with Europe hit … Business • 22 Nov 22
Benefit felt from excise cut, just not 'immediately' A pricing analysis of 50% of the fuel stations in the State shows that cuts in excise duty by the Government last March were passed … Ireland • 22 Nov 22
Cap on electricity firms' revenue signed off by Cabinet The Government has agreed to place a cap on all market revenues of non-gas electricity generators. Politics • 22 Nov 22
