More people are facing increases to their electricity bills after provider Pinergy became the latest to announce an increase to its standard residential energy prices. The company said the move follows sustained issues in the wholesale energy market and national grid, which are causing “unprecedented pricing pressures”. The change, which will take effect from August 23rd,…
Data showing electricity demand growing faster than renewables across the world is particularly pertinent to Ireland, especially with the proliferation of data centres, a leading energy expert has said. The International Energy Agency (IEA) said this week that renewables are expanding quickly but not quickly enough to satisfy a strong rebound in global electricity demand.…
Warnings that electricity demand was pushing supplies to their limit sparked concern among multinationals in the Republic, IDA Ireland has told regulators. Electricity market regulators last winter issued several “amber alerts”, warning that demand in the Dublin area was close to capacity, increasing the risk of power cuts should the network run into problems. IDA Ireland says…
The company said the increase is due to more expensive wholesale energy costs. Electric Ireland last increased its prices in autumn when it raised electricity prices by 3.4%. The increase announced today will add almost €100 a year to the average annual electricity bill and €60 to the average annual gas bill. In April, almost…
Carbon emissions from Ireland’s electricity sector could be cut from almost 10 million tonnes annually to under 2 million tonnes of CO2 equivalent by 2030 and bring a €180 million price reduction for consumers, according to a report by energy specialists Baringa. Their analysis issued on Wednesday also sets out a more long-term pathway to a…
A “significant and immediate increase” in the scale and pace of greenhouse gas emission reductions is required if Ireland is to have any chance of meeting demanding targets in the Climate Bill, the Environmental Protection Agency (EPA) has warned. The programme for government and the Bill commit to a 51 per cent reduction in emissions by 2030…