Decreases in the wholesale price of energy may not be seen in Irish customers' bills immediately, Taoiseach Micheál Martin has warned.
Irish householders have been hit with persistent price hikes in recent months due to the impact of Russia’s war in Ukraine.During Leader Questions in the Dáil on Wednesday afternoon, Social Democrats co-leader Catherine Murphy questioned when the drop in prices will be passed onto customers. He said: “Given that many companies, most utility companies, base their prices on future and forward contracts, the recent drop in spot prices may immediately translate into lower electricity and gas bills for customers.
“There is still a certain degree of uncertainty, due to both political uncertainty and the war in Ukraine and the need to start preparing for winter 23/24 in terms of further storage.“Europe is working on stabilising prices that we have witnessed.”
louiseburne_ Oh will he find excuses not to reduce the cost to the users how good he is at that excuses!!!!!