Taoiseach warns of 'new era' for high energy prices

  • 📰 RTEbusiness
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 61%

Energy Energy Headlines News

Taoiseach Micheál Martin has warned of 'rocky territory' in the coming years when it comes to high energy prices.

Taoiseach Micheál Martin has warned Irish consumers of a"new era" of high energy prices because of Russia's war on Ukraine.

This was due to a confluence of factors, such as climate change, the war in Ukraine and the EU’s strategic plans to wean Europe off Russian oil and gas, known as RePowerEU. "If you dovetail that with our climate change agenda it is a watershed moment for fossil fuels in general, which will make for fairly rocky territory over the next couple of years in terms of pricing around fossil fuels.

The Taoiseach said the Government had initiated exploratory discussions with the social partners on how to manage what he described as a"unique and very challenging set of circumstances which has created very difficult cost of living issues for people on the ground."

 

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

A 'new normal' and 'new era', cant wait for the 'new springtime' for the Catholic Church, which will be real by the way

Someone have to pay back to government COVID payments for 2020- 2021 🤣👍

GoldCore This fool Martin at it again leader me hole.

Useless fiannafailparty cabbage Shafting the normal families of Ireland again.

Pay in Ruble and start use North Stream 2 pipeline and no problem 😉

in the meantime India & China are buying cheap Russian oil & gas

Bullshit

Irish voters will issue a 'NEW ERA ' of political wilderness for MichealMartinTD and LeoVaradkar along with EamonRyan

'because of Russia's war on Ukraine' 🤔🤣 Nope, it's as a result of locking down the economy for 2 years and the WEF Net Zero/2030 agenda!! All a result of government decision making, YOU MADE IT, OWN IT & FIX IT!

Вы суки сами себе в ногу выстрелили

I look fwd to the next general election

Numbskull hasn’t figured out that the sanctions will really hurt us , while Russia which are energy and food secure, simply move on to other markets

Lies absolute lies

Victor Orban is the only leader within the EU that actually cares about and has put his people first and he's been labelled an evil far right you know what.

Michael is just insulting Irish people with that comment. This disaster is because of EU ideologically driven sanctions on Russia.. they'll sell their oil anyway. Nutcases in the EU.

Here he’s at it again. Now that he has warned us all about it, he has plenty of time to implement actions to off set it just like other countries have done like Spain and Portugal and not wait for permission from the EU. He’s the Leader who can’t. Can’t do a single thing.

How high are they going to get?

If only we had natural energy resources on tap within our territorial waters.. 🤔

… and half of that is due to duty, VAT, carbon taxes and exascernated by poor energy policies and not developing Irish oil & gas resources. But apart from that, have a nice day and enjoy the new era of walking home with half a dozen shopping bags.

Ursula von der crazy and the nazi supporting Euro governments prove their citizens are not important. Does anyone want to buy a 13.5 tog duvet decorated in a Ukrainian flag

Obviously none of the increases can be attributed to the Carbon tax. Does he think we are all idiots?

Time the government removed the ban on off shore gas and oil exploration

Yet no warning to gas & oil multinationals who's profits continue to soar, breaking profit records year after year, Ukrainian war my ass. 🥴

Aww your energy bill went up? They don't give a %%%%. Struggling to pay for food? Get used to it.

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:

 /  🏆 16. 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.

Taoiseach warns of 'new era' of high energy pricesThe Taoiseach Micheál Martin has warned Irish consumers of a 'new era' of high energy prices because of Russia's war on Ukraine. Dope.. Prices were going up pre war , prime bullshit Not because of the war, because of the EU's shit-for-brains response to it
Source: rtenews - 🏆 1. / 99 Read more »

German inflation hits record high of 7.9% in MayGerman inflation climbed to a fresh record high of 7.9% in May, official data showed today, as the war in Ukraine pushed already high energy and food prices up further.
Source: RTEbusiness - 🏆 16. / 61 Read more »

Cork Co Council refuses to install electric car charger in Martin’s holiday home villageA council is refusing to install an electric car charger in Taoiseach Micheál Martin’s holiday home village, in a sign of a wider national problem.
Source: businessposthq - 🏆 8. / 71 Read more »

Taoiseach told by US billionaire that Shannon LNG venture is ‘shovel-ready’Wesley Edens, the co-founder of New Fortress Energy, told the Taoiseach in a March letter that the Shannon LNG development is “shovel ready”. He didn’t receive a formal response.
Source: businessposthq - 🏆 8. / 71 Read more »