Energy poverty on the rise as inflation bites - report

  • 📰 rtenews
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 99%

Energy Energy Headlines News

The cost of living crisis has affected lower-income households the most, according to think tank TASC, which has examined inequality and the cost of living since Covid-19

.

In 2020, 17.5% of households spent more than 10% of income on energy, which equates to energy poverty. While it acknowledges that the impact of the crisis on energy provider profits is not known, the report suggests the Government investigate if Irish energy providers have profited.Excess profits are defined as the increase in profits reported between October 2021 and March 2022 compared with the previous year.The report found that welfare supports during Covid played an important role in mitigating and reducing levels of inequality in Irish society.

The report proposes a number of key measures to reduce wage and labour income inequality, including an immediate increase of the minimum wage by €1 per hour to address inflation rates currently running at over 6%, and a sliding scale of retrofit grants to deliver greater progressivity and encourage all income households to retrofit.

 

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

Maybe if the Minister for Housing was taken to to task by something might happen but of course rte is broke so won't rock the boat.

There’ll be the usual “but SF” from the pro gov bots and the FineGael and fiannafailparty cheerleaders. Quelle suprise.

IanByrneMP

No surprise there

babsbear 100 years of FFFG failure.... James Connolly was right .

No Shit Sherlock...

This is what's wrong with the governance of today. All the money is spent on think tanks and consultants to state the obvious. There's then no money to left to invest in the real problem. Need a revolution!

They needed a think tank for that?

No shit 🙄

Genius pure Genius 🙄

It took a think tank to work that out? There’s no hope.

Don't think you need 'think tank' to work that one out!!

We need a election now

Who thought off this thick headline?

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:

 /  🏆 1. in ENERGY

Energy Energy Latest News, Energy Energy Headlines

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

‘Green energy transition being hindered by lack of investment’ | Business PostSpending deficit on renewable, clean energy sources risks future price spikes, according to the International Energy Agency chief economist. taaffems reports.
Source: businessposthq - 🏆 8. / 71 Read more »

Customers may not receive €200 electricity bonus yet with new date confirmedMany people have reported they have not yet received their €200 electricity bonus after energy customers began getting their rebate on the week of 28 March 2022
Source: RSVPMagazine - 🏆 7. / 76 Read more »