Eamon Ryan warns energy prices and bills may not fall for two years

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Climate Minister Eamon Ryan has warned that energy bills and prices will not fall significantly for the next year or two. louiseburne_

Climate Minister Eamon Ryan has warned that energy bills and prices will not fall significantly for the next year or two.

Speaking at the launch of the new Energy Poverty Action Plan, Minister Ryan said that while wholesale prices had fallen slightly, they have started to increase again in recent weeks. “I think that's the expectation across Europe across the International Energy Agency. It's due to international factors, non-domestic factors. If that changes, and the war [in Ukraine] comes to an end, you might see some differences. The possibility of that at this moment is very low.”

As part of the Energy Poverty Action Plan, a new €10m fund will be put in place to help those struggling with bills. It will mostly apply to those on “pay as you go” systems.There are currently around 200,000 people in arrears on their energy bills. Minister Ryan said how much each person will receive will depend on personal circumstances, as well as on demand.

 

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louiseburne_ He created this mess , let’s see him resolve it from our paupers grave in-this green tea drinkers paradise

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