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Almost half of Irish households facing energy poverty, warns ESRI

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Very hard to predict when levelling off of energy prices will happen, says senior researcher

Up to 43 per cent of households could shortly be in energy poverty, a senior researcher with the Economic & Social Research Institute has warned.

It was impossible for the energy companies to predict future prices based on current information, but it was to be hoped there would not be many more increases going forward, he said. However, if something unprecedented was to happen “then all bets are off”. Continuing price rises are making energy bills “unaffordable” for many people and measures to ease the pressure on consumers will be implemented quickly after the budget, the Government has pledged.

 

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