Iran war erases global growth upgrade, OECD says The escalating conflict in the Middle East has knocked the global economy off a stronger growth path, the OECD warned today, as a near-halt in energy shipments through the Strait of Hormuz threatens to push inflation sharply higher. Business • 26 Mar
Iran war erases global growth upgrade, OECD says The escalating conflict in the Middle East has knocked the global economy off a stronger growth path, the OECD warned today, as a near-halt in energy shipments through the Strait of Hormuz threatens to push inflation sharply higher. Business • 26 Mar
ESRI warns higher energy prices will push up inflation Higher energy prices caused by the Iran war will push the rate of inflation to an average of 3.2% this year up from 2.2% in 2025, according to a forecast from the Economic and Research Institute. Business • 25 Mar
ESRI warns higher energy prices will push up inflation Higher energy prices caused by the Iran war will push the rate of inflation to an average of 3.2% this year up from 2.2% in 2025, according to a forecast from the Economic and Research Institute. Business • 25 Mar
Euro zone growth nearly stalls as war fuels inflation Euro zone private sector growth slowed sharply in March as the Middle East war drove input costs to their highest in more than three years and triggered the worst supply chain disruptions since mid-2022, a survey showed today. Business • 24 Mar
Euro zone growth nearly stalls as war fuels inflation Euro zone private sector growth slowed sharply in March as the Middle East war drove input costs to their highest in more than three years and triggered the worst supply chain disruptions since mid-2022, a survey showed today. Business • 24 Mar
EU scrambles to curb energy costs amid Iran war European Union energy ministers will meet to weigh up options to curb energy costs today, as officials draft emergency plans to temper the impact of surging oil and gas prices triggered by the Iran war. Business • 16 Mar
EU scrambles to curb energy costs amid Iran war European Union energy ministers will meet to weigh up options to curb energy costs today, as officials draft emergency plans to temper the impact of surging oil and gas prices triggered by the Iran war. Business • 16 Mar
Annual inflation steady at 2.7% in February - CSO New figures from the Central Statistics Office show that the annual rate of inflation was unchanged at 2.7% in February from the previous month. Business • 12 Mar
Annual inflation steady at 2.7% in February - CSO New figures from the Central Statistics Office show that the annual rate of inflation was unchanged at 2.7% in February from the previous month. Business • 12 Mar
Outlook for energy prices 'reasonably positive' - ESB The outlook for energy prices "looks reasonably positive," according to the Chief Financial Officer of the ESB Group. Business • 16 Sep 25
Outlook for energy prices 'reasonably positive' - ESB The outlook for energy prices "looks reasonably positive," according to the Chief Financial Officer of the ESB Group. Business • 16 Sep 25
Number of energy customers in arrears 'could spike' - CRU The Commission for Regulation of Utilities (CRU) has said the number of energy customers in arrears "could spike" without any energy credits this winter. Business • 01 Sep 25
Number of energy customers in arrears 'could spike' - CRU The Commission for Regulation of Utilities (CRU) has said the number of energy customers in arrears "could spike" without any energy credits this winter. Business • 01 Sep 25
SSE Airtricity to hike electricity, gas prices from April SSE Airtricity has announced it is increasing energy prices for both electricity and gas customers from 2 April. Business • 28 Feb 25
SSE Airtricity to hike electricity, gas prices from April SSE Airtricity has announced it is increasing energy prices for both electricity and gas customers from 2 April. Business • 28 Feb 25
Wholesale electricity prices rise over 12% in September New figures from the Central Statistics Office show that wholesale electricity prices increased by 12.2% in September compared to August, and were 1% higher compared to September of last year. Business • 31 Oct 24
Wholesale electricity prices rise over 12% in September New figures from the Central Statistics Office show that wholesale electricity prices increased by 12.2% in September compared to August, and were 1% higher compared to September of last year. Business • 31 Oct 24
Inflation estimated at 0.1% in 12 months to October - CSO Inflation is only increasing marginally, according to the latest estimated figures from the Central Statistics Office. Business • 31 Oct 24
Inflation estimated at 0.1% in 12 months to October - CSO Inflation is only increasing marginally, according to the latest estimated figures from the Central Statistics Office. Business • 31 Oct 24
Annual inflation falls to 0.7% - lowest since March 2021 A drop in energy prices has resulted in a significant fall in inflation which declined from 1.7% in the 12 months to August to 0.7% in September - the lowest level since March 2021. Business • 10 Oct 24
Annual inflation falls to 0.7% - lowest since March 2021 A drop in energy prices has resulted in a significant fall in inflation which declined from 1.7% in the 12 months to August to 0.7% in September - the lowest level since March 2021. Business • 10 Oct 24
Bord Gáis Energy posts half year profits of €50m Bord Gáis Energy has today announced a profit of €50m for the first half of 2024 as wholesale energy prices have fallen significantly since 2022 and early 2023 after hitting record highs following Russia's invasion of Ukraine. Business • 25 Jul 24
Bord Gáis Energy posts half year profits of €50m Bord Gáis Energy has today announced a profit of €50m for the first half of 2024 as wholesale energy prices have fallen significantly since 2022 and early 2023 after hitting record highs following Russia's invasion of Ukraine. Business • 25 Jul 24
Annual inflation rises to 1.9% in May - flash CSO data The annual rate of inflation increased to 1.9% in May, up from 1.6% in April, a flash estimate of the Harmonised Index of Consumer Prices (HICP) from the Central Statistics Office showed today. Business • 30 May 24
Annual inflation rises to 1.9% in May - flash CSO data The annual rate of inflation increased to 1.9% in May, up from 1.6% in April, a flash estimate of the Harmonised Index of Consumer Prices (HICP) from the Central Statistics Office showed today. Business • 30 May 24
CRU expects energy prices to fall further In a new analysis of household energy prices, the Commission for the Regulation of Utilities says it expects further price reduction from suppliers in the coming months. Business • 14 May 24
CRU expects energy prices to fall further In a new analysis of household energy prices, the Commission for the Regulation of Utilities says it expects further price reduction from suppliers in the coming months. Business • 14 May 24
Further energy price reductions in sight for households There could be more good news on the horizon for householders with a potential further reduction in domestic gas and electricity prices. Business • 18 Apr 24
Further energy price reductions in sight for households There could be more good news on the horizon for householders with a potential further reduction in domestic gas and electricity prices. Business • 18 Apr 24
Yuno Energy cuts electricity prices again Yuno Energy is cutting its electricity rates for new customers from today for the third time this year. Business • 19 Feb 24
Yuno Energy cuts electricity prices again Yuno Energy is cutting its electricity rates for new customers from today for the third time this year. Business • 19 Feb 24
Bord Gáis Energy posts 'modest' profit of €2m for 2023 Bord Gáis Energy has today announced a "modest" profit of €2m for 2023, down from €34m in 2022 as it said it balanced pricing pressure in energy supply with a strong performance from its power generation and trading activities. Business • 15 Feb 24
Bord Gáis Energy posts 'modest' profit of €2m for 2023 Bord Gáis Energy has today announced a "modest" profit of €2m for 2023, down from €34m in 2022 as it said it balanced pricing pressure in energy supply with a strong performance from its power generation and trading activities. Business • 15 Feb 24
Inflation rate moves up to 4.6% in December - CSO The annual rate of inflation rose in December, driven by increases in prices in areas such as restaurants and hotels, mortgage interest repayments and rents and package holidays. Business • 16 Jan 24
Inflation rate moves up to 4.6% in December - CSO The annual rate of inflation rose in December, driven by increases in prices in areas such as restaurants and hotels, mortgage interest repayments and rents and package holidays. Business • 16 Jan 24
Energy costs set to fall by 18% this year - analyst Some relief may be in store for Irish households and businesses when it comes to energy costs, with one analyst predicting the short-term power market price in Ireland could fall by over 18% this year. Business • 11 Jan 24
Energy costs set to fall by 18% this year - analyst Some relief may be in store for Irish households and businesses when it comes to energy costs, with one analyst predicting the short-term power market price in Ireland could fall by over 18% this year. Business • 11 Jan 24
Japan inflation slows to 2.5% in November Japanese consumer inflation slowed to 2.5% year-on-year in November, down from 2.9% the previous month, as electricity and gas bills declined, government data showed today. Business • 22 Dec 23
Japan inflation slows to 2.5% in November Japanese consumer inflation slowed to 2.5% year-on-year in November, down from 2.9% the previous month, as electricity and gas bills declined, government data showed today. Business • 22 Dec 23
Germany's electricity price relief for ailing industry Germany has today announced a huge relief package including tax cuts on electricity for the manufacturing sector, in a bid to shore up an economy that man fear could end the year in recession. Business • 09 Nov 23
Germany's electricity price relief for ailing industry Germany has today announced a huge relief package including tax cuts on electricity for the manufacturing sector, in a bid to shore up an economy that man fear could end the year in recession. Business • 09 Nov 23
Natural gas demand set for slower growth to 2026 - IEA Global natural gas demand is expected to experience slower growth to 2026 after peaking in mature markets such as Europe and North America in 2021, a report by the International Energy Agency (IEA) said today. Business • 10 Oct 23
Natural gas demand set for slower growth to 2026 - IEA Global natural gas demand is expected to experience slower growth to 2026 after peaking in mature markets such as Europe and North America in 2021, a report by the International Energy Agency (IEA) said today. Business • 10 Oct 23
Yuno Energy lowers electricity prices from today New electricity supplier Yuno Energy has today announced a 12% reduction in its unit energy cost for its lowest discounted tariff. Business • 09 Oct 23
Yuno Energy lowers electricity prices from today New electricity supplier Yuno Energy has today announced a 12% reduction in its unit energy cost for its lowest discounted tariff. Business • 09 Oct 23
Wind generated 32% of Ireland's electricity last month Wind energy provided 32% of Ireland's electricity in September, new figures show today, an increase of 25% on the same time last year. Business • 06 Oct 23
Wind generated 32% of Ireland's electricity last month Wind energy provided 32% of Ireland's electricity in September, new figures show today, an increase of 25% on the same time last year. Business • 06 Oct 23
SSE sees weaker H1 profit on subdued renewables output British power generator and network operator SSE said today it expects to report half-year adjusted earnings of at least 30 pence per share, without specifying an upper end to the outlook. Business • 04 Oct 23
SSE sees weaker H1 profit on subdued renewables output British power generator and network operator SSE said today it expects to report half-year adjusted earnings of at least 30 pence per share, without specifying an upper end to the outlook. Business • 04 Oct 23
