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Electric Ireland is the country's biggest energy supplier

Electric Ireland to cut electricity and gas prices

Electric Ireland is to cut its prices for domestic electricity and gas again from November.

BP said its profit after tax tumbled to $2.3 billion in the first quarter of 2024 from $8.2 billion the same time last year

BP's quarterly net profit slumps as gas prices drop

BP has today reported first-quarter earnings of $2.7 billion, down 40% from a year earlier and missing forecasts due to lower energy prices and a US refinery outage, even as oil and gas production increased.

Business • 07 May 24

Electric Ireland said cuts to both its unit rate and standing charge will lead to savings of €212.06 a year on the estimated average annual bill for electricity

Electric Ireland to cut electricity and gas prices

Electric Ireland has announced a 10% cut in domestic electricity prices and a 12% reduction in gas charges.

Business • 07 Sep 23

Gas and electricity are inextricably linked in what they mean for the utility bills we all pay

Why are gas prices falling and will my bills come down?

This week, Flogas became the first domestic energy provider to offer a one-year fixed price contract to customers since early 2020.

Business • 13 Jan 23

Industry sources say the dip in prices is a combination of this winter's demand for gas in Europe largely already having been met and the ongoing mild weather

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

The CRU does not have figures for dual fuel bundled accounts, which normally include certain discounts

Electricity bills up 43% while gas bills up 42% - CRU

The average electricity bill has gone up by €480 in the year to August, while the average gas bill has gone up by €410, according to new figures from the Commission for the Regulation of Utilities.

Business • 07 Sep 22

All eyes were on the upcoming three-day outage at the Nord Stream 1 pipeline, with a concern that it may not return

Gas prices ease from six-month highs on profit taking

Dutch and British forward wholesale gas prices fell today amid profit taking, after scaling their highest levels since March the day before.

Business • 26 Aug 22

Russian pipeline gas supplies to Europe have dropped off by around 75% this year

Gas prices rise to record highs on supply concerns

Dutch and British wholesale gas prices rose to new record highs this morning in anticipation of Norwegian outages in September, lower French nuclear output and uncertainty about Russian gas flows after scheduled maintenance next week.

Business • 25 Aug 22

Germany's Economy Minister Robert Habeck

Germany approves rules to turn down heating and lights

The German government has approved energy-saving measures for the winter, including limits on the use of lighting in public spaces, Economy Minister Robert Habeck said today

Business • 24 Aug 22

The Dutch contract for September delivery, a European benchmark, rose by €9 today to €269 per megawatt hour

Gas prices rise on fresh US LNG delay, higher demand

Dutch and British wholesale gas prices mostly rose this morning on news of a delayed restart of the Freeport liquefied natural gas (LNG) terminal and higher demand.

Business • 24 Aug 22

Financial markets are now bracing for higher prices, a faster pace of interest rate hikes and a deeper economic downturn

Gas price spike fuels European inflation fears

Another dramatic spike in natural gas prices appears to have ended any hopes that Europe's inflation battle is set to ease, with financial markets now bracing for higher prices, a faster pace of interest rate hikes and a deeper economic downturn.

Business • 24 Aug 22

Russia is due to halt natural gas supplies to Europe via the Nord Stream 1 pipeline for three days at the end of the month

Gas prices soar on Russian supply risk, and outages

British and Dutch wholesale gas prices rose sharply today as the prospect of maintenance on the main Russian pipeline to Europe put markets on edge, while outages at Norwegian and UK gas fields also lent some support.

Business • 22 Aug 22

Economists warned that the levy would further accelerate inflation in Europe's largest economy

German households face €480 rise in gas bills

German households will have to pay almost €500 more a year for gas after a levy was set to help utilities cover the cost of replacing Russian supplies, piling pressure on Berlin to come up with further relief measures for the public.

Business • 15 Aug 22

Lower overall Russian supply to Europe means competition for gas is intense - pushing prices higher

UK energy market regulator's quarterly price cap review

UK energy market regulator Ofgem said today it would review a price cap on domestic energy prices quarterly rather than twice a year, aiming at reducing risk of supplier failures and cost increases for consumers.

Business • 04 Aug 22

The euro fell 0.7% against the dollar to 1.0186, the first time below 1.02 since December 2002

Euro falls to lowest since 2002 on energy price worries

The euro tumbled to a new two-decade low today as fears over rising energy prices and potential shortages cast a long shadow over the bloc's economy.

Business • 06 Jul 22

Norwegian offshore oil and gas workers went on strike over pay yesterday

Norway oil and gas workers end strike as govt steps in

The Norwegian government intervened to end a strike in the country's energy sector tha thad cut oil and gas output, a union leader and the labour ministry said last night.

Business • 06 Jul 22

Analysts predict the single currency, which yesterday hit its weakest since 2002, will soon fall to parity

Euro falling towards parity pain point

A stampede for dollars as global recession risks mount has left other currencies battered and bruised, with the euro getting trampled on more than most as surging European gas prices worsen economic growth fears.

Business • 06 Jul 22

The March trade surplus hit 138.4 billion crowns, beating a previous record of 106 billion set in December

Gas prices lift Norway's March trade surplus to record

Norway's trade surplus rose to a new record in March, boosted by soaring prices for its gas exports which hit record highs following Russia's invasion of Ukraine, national statistics agency data showed today.

Business • 19 Apr 22

SSE Airtricity said it will increase its residential electricity prices by 24% and gas prices by 32.3% from 1 May

Airtricity electricity prices to rise 24%, gas by 32%

SSE Airtricity has become the latest energy provider to increase its prices for both electricity and gas.

Business • 01 Apr 22

Electric Ireland said it will increase its residential electricity prices by 23.4% and gas prices by 24.8% from May 1

Electric Ireland to increase prices by almost 25%

Electric Ireland has become the latest energy provider to increase its prices for both electricity and gas.

Business • 30 Mar 22

Europe typically imports around 40% of its gas from Russia

Sanctions fears push European gas prices to record high

European and British wholesale gas prices hit unprecedented levels today on escalating fears that Russian energy exports could face sanctions after Russia's invasion of Ukraine.

Business • 07 Mar 22

BP's CEO Bernard Looney said the oil company was transforming

BP records highest profit in eight years in 2021

BP has today reported a profit of $12.8 billion in 2021, the highest in eight years, as natural gas and oil prices soared and the global economy recovered from the pandemic slump.

Business • 08 Feb 22

A delay in the approval process for a major new pipeline from Russia has sent European gas prices higher

European gas prices surge on Russian pipeline setbacks

European gas prices surged again today after a delay in the approval process for a major new pipeline from Russia, which German government sources said might not now be commissioned until March next year.

Business • 17 Nov 21

SSE Airtricity said its price hikes will see a typical household bill increase by 9% on average

SSE Airtricity to raise energy prices from December 1

SSE Airtricity said it will increase its standard household gas and electricity prices from December 1, becoming the latest energy provider to raise prices in recent weeks.

Business • 29 Oct 21

Energy markets have tightened due to improved fuel demand as economic activity rebounds and Covid restrictions ease

Oil rises as global energy crunch takes hold

Oil prices rose today to trade 4% up on the week, buoyed by a global energy crunch that has helped gas prices to record highs and prompted China to demand increased coal production.

Business • 08 Oct 21

Gas Prices

Electric Ireland to cut electricity and gas prices

BP's quarterly net profit slumps as gas prices drop

Electric Ireland to cut electricity and gas prices

Why are gas prices falling and will my bills come down?

Gas prices down to mark seen before invasion of Ukraine

Electricity bills up 43% while gas bills up 42% - CRU

Gas prices ease from six-month highs on profit taking

Gas prices rise to record highs on supply concerns

Germany approves rules to turn down heating and lights

Gas prices rise on fresh US LNG delay, higher demand

Gas price spike fuels European inflation fears

Gas prices soar on Russian supply risk, and outages

German households face €480 rise in gas bills

UK energy market regulator's quarterly price cap review

Euro falls to lowest since 2002 on energy price worries

Norway oil and gas workers end strike as govt steps in

Euro falling towards parity pain point

Gas prices lift Norway's March trade surplus to record

Airtricity electricity prices to rise 24%, gas by 32%

Electric Ireland to increase prices by almost 25%

Sanctions fears push European gas prices to record high

BP records highest profit in eight years in 2021

European gas prices surge on Russian pipeline setbacks

SSE Airtricity to raise energy prices from December 1

Oil rises as global energy crunch takes hold