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

  • 📰 NewstalkFM
  • ⏱ Reading Time:
  • 13 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 40%
  • Publisher: 55%

News News

Bonkers.Ie,David Kerr,Electricity

Energy prices are expected to fall slowly after a “market catastrophe” that began with Russia’s invasion of Ukraine in 2022.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 19. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ireland seeks to raise €1bn on bond marketNational Treasury Management Agency plans two bond auctions for this week
Source: IrishTimes - 🏆 3. / 98 Read more »

3 waterside homes around Ireland on the market for under €250,000Whether you’ve always dreamed of living by the sea or would love life by a river, these homes prove you can do so on a budget.
Source: image_magazine - 🏆 17. / 59 Read more »

IKEA opens branch in West of Ireland as it continues expansion into Irish marketThe company also opened its first distribution centre in Ireland on Wednesday in Dublin
Source: IrishMirror - 🏆 4. / 98 Read more »

University of Limerick paid ‘significantly above’ market price for €11.9m accommodation, report findsAlthough UL’s governing authority agreed to pay €10.9m, the price rose by €1.08m in the final contract signed only nine days later
Source: IrishTimes - 🏆 3. / 98 Read more »

Goodbody stockbrokers HQ returns to market at heavily reduced price of €32.5mDublin 4 office block came close to being sold for €48m immediately prior to Covid-19 pandemic
Source: IrishTimes - 🏆 3. / 98 Read more »

Slieve Russell Hotel hits the market with €35m price tagJewel in Irish business empire of former billionaire Sean Quinn comprises 224-room hotel and championship golf course set within 300-acre resort
Source: IrishTimes - 🏆 3. / 98 Read more »