Energy prices to fall slowly in Ireland after ‘market catastrophe’

founder David Kerr who said Ireland’s reliance on natural gas meant it was particularly susceptible to rising electricity costs during the war.

“You must remember, we used to have 14 suppliers of electricity in Ireland but four have gone bust now and exited the market. “The top four or five rates right now in the electricity market, and on the gas market, are for fixed rates,” he said.

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