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
Europe rushes to fill up on Russian diesel before ban European traders are rushing to fill tanks in the region with Russian diesel before an EU ban begins in February, as alternative sources remain limited. Business • 21 Nov 22
Energy costs the main challenge for manufacturing There has been a marked deterioration in the outlook for the manufacturing sector over the coming months, a major survey of industry leaders conducted on … Business • 21 Nov 22
Austria announces windfall tax on energy companies Austria's government has today announced plans to introduce a windfall tax on energy companies that will be of up to 40% for oil and gas … Business • 18 Nov 22
Wind was biggest single electricity source in October High wind for weeks meant 45% of the country's electricity last month came from wind, setting a new record. Business • 18 Nov 22
European energy prices to remain high - Moody's European power prices are likely to remain high in the medium term, Moody's Investors Service said in a report today, citing technical problems at French … Business • 16 Nov 22
Battery storage could cut electricity bills by €35m Operators of battery storage power plants say they could cut up to €35m off energy bills on the island of Ireland this winter if they … Business • 16 Nov 22
SSE Airtricity to forego profits to support customers SSE Airtricity has confirmed it expects the business to forego all profits this financial year as it provides support for its domestic customers during the … Business • 16 Nov 22
DECC report contains 'unreliable analysis' - Engineers The Irish Academy of Engineering has said a report commissioned by the Department of the Environment, Climate and Communications into the security of supply of … Business • 15 Nov 22
Euro zone trade gap smaller than expected The euro zone swung to a large trade deficit in September from a small surplus a year earlier due to a surge in the costs … Business • 15 Nov 22
Germany nationalises gas importer Sefe, formerly Gazpro Germany will nationalise gas importer Sefe, formerly known as Gazprom Germania, the economy ministry said today, in a move to protect it from bankruptcy and … Business • 14 Nov 22
Record gas prices lift Corrib owner's revenues to €190m Record European gas prices during the Summer ensured that revenues recorded by Vermilion Energy from the Corrib Gas field for the first nine months of … Business • 11 Nov 22
Annual rate of inflation up to 9.2% in October The annual rate of inflation rose to 9.2% in October, new figures from the Central Statistics Office show today. Business • 10 Nov 22
Commerzbank's third quarter profits slump by 52% Germany's Commerzbank said today its net profit fell by 52% in the third quarter in a better-than-expected outcome helped by higher interest rates, though previously … Business • 09 Nov 22
Eurozone investor morale up for first time since August Investor morale in the euro zone improved in November, the first time it rose in three months, reflecting hopes that recent warmer temperatures and falling … Business • 07 Nov 22
Wind energy pushes prices down in October Wind Energy Ireland's latest report shows that wind energy provided 47% of the country's electricity in October, making it Ireland's main source of electricity last … Business • 03 Nov 22
64% of householders make energy efficiency improvements New research from Banking & Payments Federation Ireland reveals that 64% of consumers have carried out at least one significant energy efficiency home improvement as … Business • 03 Nov 22
Gas importer Uniper reports record €40 billion net loss Soon-to-be-nationalised gas importer Uniper has today unveiled a record €40 billion net loss, among the biggest in German corporate history, reflecting expected future losses in … Business • 03 Nov 22
Mediahuis agrees deal for Switcher.ie Irish Independent owner Mediahuis has agreed a deal to buy Switcher.ie, the Irish price comparison site for broadband, energy, mobile, money and mortgages. Business • 02 Nov 22
Customers to get first €200 energy credit from tomorrow The first of three €200 electricity credits will appear on residential bills from tomorrow. The Government says more than 2.2 million accounts will benefit from … Ireland • 31 Oct 22
Energy proposals 'technically flawed and unrealistic' The Irish Academy of Engineering has described the proposals in a Government-commissioned review on Ireland's energy supply as "technically flawed and unrealistic". Business • 25 Oct 22
Gas prices down to mark seen before invasion of Ukraine Gas prices on both the UK and Dutch markets have fallen to price levels not seen since before the Russian invasion of Ukraine in February. Business • 25 Oct 22
World is in its first truly global energy crisis - IEA Tightening markets for liquefied natural gas (LNG) worldwide and major oil producers cutting supply have put the world in the middle of "the first truly … Business • 25 Oct 22
