David McWilliams: Every time the wealth of housing goes up, the worth of everything else goes downThe wind energy we use is not generated in Russia or Ukraine, yet we know, from figures released this week, that the prices that Irish wind energy companies are getting on the wholesale markets have risen astronomically. Two years ago, the regulator set an expected price for this electricity of €54 per megawatt hour.
In May, the Spanish and Portuguese governments approved a graduated cap on the price of gas used for generating electricity, so that it will be fixed for the next 12 months. The cap, which was approved by the European Commission, limits those prices to an average of €50 per megawatt-hour — that’s one-seventh of the expected price of our wind-generated electricity.
This is simply untrue. Spain and Portugal’s system laid down a controlled rise during this year from €40 to a maximum of €70. That maximum has not increased. In France, the capped price will not change at all throughout this year. This, remember, was before the effects of the war in Ukraine on energy prices really kicked in. As they do so, more and more families are being impoverished.
That’s not just the highest level ever recorded in the history of the State. It is almost double the previous record, which was in 1994-5, at the end of a very grim decade of recession and mass unemployment.
Poverty is a political choice of the Irish government and the E.U. It could be eliminated but not under the logic of capitalism where the obscene profits accumulated by a few are paid for by the many.
Wait to you see what number that jumps to if there was ever a UI
The poorest in ireland are all on prepay most expensive tariff so poorest pay much more than the wealthy its a sick joke
You know what the country needs? No, more refugees.
The state’s goal is to still have children living in poverty
You would think it would be 0%.
FF and FG don't care
You should make the rich, richer, for the common good
Step 1: Get a bag of shit Step 2: Put a thesaurus in it Step 3: Shake well Result: Fintan O’Toole article
Normalising the destruction of basic human rights under whatever guise suits the current agenda is beyond evil and anyone pushing that as normal & acceptable is also evil 😈
fotoole Seems fffgg are trying to send us back to Victorian Ireland cause only the well off can afford to do things now such as rent, buy a house, use electricity as normal, even go to college is off the cards.
fotoole Well those who think they are middle class and voting FF FG are about to learn a very hard lesson, your indifference to those less fortunate is going to come a bite you hard
fotoole Excellent piece. All our government and public service appear capable of doing in a crisis is softening is up for bad news coming, or borrow ideas from others but more often than not when it is too late or they are ineffective. No unique innovative approaches
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