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Fracking extracts shale gas from rocks by breaking them up

UK lifts ban on shale gas fracking amid energy crisis

Britain has formally lifted a moratorium on fracking for shale gas that has been in place since 2019, saying strengthening its energy supply was an "absolute priority".

Business • 22 Sep 22

KBC Bank Ireland's latest survey coincided with the announcement of increases of between 27% and 47% in energy bills, as well as a step-up in grocery prices and interest rates

Consumer sentiment's 14-year low on rising energy costs

Consumer sentiment tumbled to levels last seen during the global finance crisis 14 years ago as concerns about the impact of sharply higher energy bills hammered the outlook for household finances, a survey showed today.

Business • 22 Sep 22

Simply Blue is developing a floating windfarm off Cork

Companies may develop renewables hub at Whitegate

An international energy group and an Irish based blue economy developer have announced plans to explore the development of a renewable energy hub at the Whitegate Refinery in Cork.

Business • 21 Sep 22

The issue of standing charges was referenced in the Dáil

People won't be deprived of heat and warmth - says Ryan

Minister for the Environment Eamon Ryan has said that people will not be deprived of the basic comforts of heat and warmth this winter.

Ireland • 21 Sep 22

Britain caps electricity and gas prices for businesses

Britain said today it would cap the wholesale cost of electricity and gas for businesses at less than half the market rate from next month, following a similar scheme for consumers, helping relieve the pressure of soaring energy costs.

Business • 21 Sep 22

The scheme limits the price suppliers can charge customers for units of gas and electricity (stock image)

Energy price cap announced for NI homes

The UK government has announced an energy price cap for homes in Northern Ireland.

Ulster • 21 Sep 22

A Uniper natural gas storage facility in Germany

Germany nationalises gas importer Uniper

Germany has agreed to nationalise Uniper by buying Fortum's stake in the gas importer, the three involved parties said today.

Business • 21 Sep 22

Around half the Irish public believe Ireland should increase its defence spending because of the security situation in Europe

86% think energy crisis is harming EU economy - poll

More than three quarters of Irish people believe the energy crisis is harming the EU economy, while nearly 60% of people say member states should be allowed to delay meeting their EU climate change targets in order to tackle the energy crisis.

Europe • 21 Sep 22

Uniper is Germany's largest importer of Russian gas

Germany close to nationalising gas company Uniper

Germany is nearing a nationalisation of gas importer Uniper in the wake of an energy crisis that has left the government of Europe's top economy with few other options to keep its industry going.

Business • 20 Sep 22

The power plant will feed up to 293MW into the grid

Plans lodged for gas power plant near Finglas

Plans have been lodged for a 293 MW gas turbine power plant at Kilshane, Finglas in north Dublin in a back-up plan aimed at avoiding potential power cuts.

Business • 20 Sep 22

Corre Energy produces and sells green hydrogen

Corre Energy reports continued progress on goals

Energy company Corre Energy has reported operating/development phase losses of €5.8m for the six months to the end of June - in line with expectations.

Business • 20 Sep 22

Facebook's data centre in Clonee, Co Meath

Some multinationals lose out in data centre decision

IDA Ireland told the Government that some multinationals had suffered "considerable financial loss" due to a decision by the body that operates the national grid to stop connections for new data centres.

Ireland • 20 Sep 22

The ESB's plans were delayed by a legal challenge

Temporary ESB plant won't be ready until end of 2023

The ESB has stated that power from its proposed temporary emergency 210 MW station at North Wall in Dublin will not go online until the final quarter of next year.

Business • 19 Sep 22

Russia had supplied about 40% of the European Union's gas before its February invasion of Ukraine

Europe races to prepare for energy crunch this winter

European governments outlined new measures today to cope with potential energy shortages this winter and raced to improve energy networks to share power, with Russian gas flows still running at severely reduced rates amid the Ukraine war.

Business • 19 Sep 22

A permanent LNG terminal on the Shannon Estuary is not included in the short list of mitigation options (File photo)

Floating LNG facility among energy security options

A floating Liquified Natural Gas facility is among the options included in a review on how to strengthen Ireland's electricity and gas security over the coming years.

Ireland • 19 Sep 22

Taoiseach Micheál Martin speaking in Shannon

ESB dividend will help homes with energy costs - Martin

The Taoiseach has committed that the Government - as an ESB shareholder - will use the company's dividend to alleviate the cost of energy for households and businesses.

Europe • 16 Sep 22

ESB Group said it has invested over €10 billion in energy infrastructure over the past decade and paid over €1.2 billion in dividends

ESB Group reports €390m profit in first half of year

ESB Group has reported a significant rise in profits for the first half of the year against the backdrop of surging energy prices on international markets and soaring bills for consumers.

Business • 16 Sep 22

LVMH operates 522 stores and 110 production sites in France

LVMH to turn off lights at night in French stores

LVMH plans to turn off the lights at its stores at night, starting in France in October, with plans to deploy the energy-saving measure in other parts of the world at a later stage, the luxury giant said today.

Business • 15 Sep 22

Michael O'Leary speaking before today's AGM

Ryanair CEO predicts higher fares to cover rising costs

The chief executive of Ryanair has predicted fares will have to rise by a small amount next year, in order to cover the rising cost of fuel.

Business • 15 Sep 22

Panda Power has around 50,000 electricity customers and 10,000 gas customers (Pic:Rollingnews.ie)

Panda Power confirms exit from Irish energy market

Electricity and gas supplier Panda Power has confirmed its intention to make a controlled exit from the Irish energy supply market.

Business • 15 Sep 22

Eirgrid is seeking candidates to provide up to 200 MW of emergency generation to the transmission network

Planning granted for generating plant in north Dublin

An Bord Pleanála has approved Government plans for a 210 MegaWatt temporary emergency electricity generating plant at the existing North Wall power generating station in Dublin.

Business • 14 Sep 22

Central Bank Governor Gabriel Makhlouf said that any relief from the energy crisis should be temporary and targeted

Energy crisis relief should be temporary, says Makhlouf

The Governor of the Central Bank has said the Government should stick within the parameters already set out for the upcoming Budget and that going beyond that could add to inflationary pressures.

Business • 14 Sep 22

'It's absolutely terrifying at this point in time' - Annie Timothy

'I just sat and cried': Retailer faces €21k energy bill

Monthly electricity bills to run a supermarket on the edge of Roscommon town have been skyrocketing since last January - with the latest topping €20,000 for one month.

Ireland • 14 Sep 22

The figures from AA Ireland show the average price for diesel across the country now stands at €1.95 per litre, while petrol is at €1.84 per litre.

Diesel prices 30% higher than September last year

The price of diesel is now almost 30% higher than it was last September, while petrol prices are 18% higher.

Business • 13 Sep 22

The Eiffel Tower, usually bathed in a warm glow until 1am, will now go dark after the last visitor leaves at 11:45pm

Paris scales back monument lighting amid soaring cost

Paris will start switching off the ornamental lights that grace city monuments hours earlier than usual, plunging the Eiffel Tower and other landmarks in the dark to cope with surging electricity costs.

Business • 13 Sep 22

Energy Crisis

UK lifts ban on shale gas fracking amid energy crisis

Consumer sentiment's 14-year low on rising energy costs

Companies may develop renewables hub at Whitegate

People won't be deprived of heat and warmth - says Ryan

Britain caps electricity and gas prices for businesses

Energy price cap announced for NI homes

Germany nationalises gas importer Uniper

86% think energy crisis is harming EU economy - poll

Germany close to nationalising gas company Uniper

Plans lodged for gas power plant near Finglas

Corre Energy reports continued progress on goals

Some multinationals lose out in data centre decision

Temporary ESB plant won't be ready until end of 2023

Europe races to prepare for energy crunch this winter

Floating LNG facility among energy security options

ESB dividend will help homes with energy costs - Martin

ESB Group reports €390m profit in first half of year

LVMH to turn off lights at night in French stores

Ryanair CEO predicts higher fares to cover rising costs

Panda Power confirms exit from Irish energy market

Planning granted for generating plant in north Dublin

Energy crisis relief should be temporary, says Makhlouf

'I just sat and cried': Retailer faces €21k energy bill

Diesel prices 30% higher than September last year

Paris scales back monument lighting amid soaring cost