It’s a decent step that helps everyone. Long term they need to separate the wholesale price of electricity from fossil fuels and better grants/loans for retrofitting
The FG magic money tree, which apparently doesn’t exist when left wing parties propose any spending, being used to subsidise profiteering from essential infrastructure.
It just leaves a sour taste in my mouth that we do everything to not affect the profits of energy companies. The money will be a massive help to those who need it but it shows companies that whatever your prices, the gov will step in and help, so charge whatever you want and fuck the vulnerable.
Should be means tested
Sounds like a bailout
Without any legislation, providors will just up the price again. Same thing with the seai grants, once the grants went up, the cost of labout and materials mysteriously went up straight after.
Just cut taxes to the tune of €600 per household – I’d rather spend the money on heating oil than electricity
Jesus the smell or r/hailcorporate in this thread is rotten.
You lot are blindly looking off into a dystopian dream while billionaires pickpocket you.
I’ll save you a click to the same rag that ran the “Living at home in your 30s is mad craic” headline
“Households are in line for three discounts of €200 or more on their electricity bills between now and next spring, under proposals being considered by the Government.
The three electricity credit payments, totalling €600 or more, to every household in the country could form part of measures to address the cost of living in the Budget later this month.”
So I’m thinking it’ll be means tested?
A surprise to be sure but a welcome one.
You mean energy companies will get a €600 subsidy from each household in the country out of public funds! (Corporate welfare) Is it any wonder they are upping prices when they can be guaranteed of public finding to the tune of tens of millions. These private energy companies should be taken over and made public again, we’d soon see if they’d be willing to take a hit in their profits if this was the government line, but unfortunately that won’t happen under FFFG/ Green free marketeers
More interested in where the money is coming from
Subsidised price gouging hooray!
Happy days
Brilliant. Bills have only jumped by €1200 or so and will continue to rise. Thank you , our glorious generous and benevolent overlords 🙇
Remember that cafe that just got a single bill for 9000 euro?
Is this money coming from the extra revenue made by those generating electricity from non-gas sources. Otherwise it’s just going to increase the price more once they know gov is picking up the tab, maybe not extremely but definitely won’t hesitate to increase pricing more and more now.
Simply not good enough. The energy companies are gouging people to extraordinary levels of profit and that should have been what gets hit. Not a standard credit.
29 comments
MORE. Freeze the prices before the €600 is eaten up by increases.
I have a feeling this wont make much of a dent.
That’s it. Throw money at a symptom instead of trying to actually resolve the issue.
They take money with one hand then give you less with the other
This is going to be an enormous help in our house. 600 euro might not be a lot to others in terms of making a dent but it’s game changing for us.
Predictably bad takes here.
This is a reasonable step. There is no way to drive down the cost of oil, so paying a chunk of your bill is the next best thing.
The energy distributers are not the ones doing well out of this. The oil & gas companies are. We have no control over them.
Stay tuned for further energy rate increases that price this subsidy in.
Oh ffs why is there a energy crisis flair, no one wanted these things.
Crumbs as usual. They’re expecting household energy bills to rise to €6000 a year. €600 paid over 6 months won’t make a lick of difference.
Energy needs to be nationalised. Private companies looking for ever higher profits is never a good thing.
To everyone saying energy distributors aren’t making profits in the thread:
Energia up 50%
https://www.independent.ie/business/irish/energia-paid-30m-dividend-as-profits-soared-during-last-financial-year-41278437.html
Board gais up 74%
https://www.rte.ie/news/business/2022/0728/1312725-bord-gais-energy/
ESB up 10%
https://www.independent.ie/irish-news/politics/esb-made-record-679m-profit-last-year-as-thousands-of-homeowners-struggle-to-pay-soaring-energy-bills-41425620.html
Panda up 17%
https://www.irishtimes.com/business/retail-and-services/operating-profits-surge-at-panda-waste-operator-1.4134263
Prepaypower up 27%
https://www.irishtimes.com/business/energy-and-resources/prepaypower-profits-up-27-as-it-warns-about-impact-of-surging-energy-costs-1.4734741#:~:text=PrePayPower%2C%20the%20pay%2Das%2D,hit%20by%20surging%20energy%20costs.
SSE up 15%
https://www.irishnews.com/business/2022/05/26/news/sse-reports-big-profits-jump-but-bills-still-going-up-2722730/
It’s a decent step that helps everyone. Long term they need to separate the wholesale price of electricity from fossil fuels and better grants/loans for retrofitting
The FG magic money tree, which apparently doesn’t exist when left wing parties propose any spending, being used to subsidise profiteering from essential infrastructure.
It just leaves a sour taste in my mouth that we do everything to not affect the profits of energy companies. The money will be a massive help to those who need it but it shows companies that whatever your prices, the gov will step in and help, so charge whatever you want and fuck the vulnerable.
Should be means tested
Sounds like a bailout
Without any legislation, providors will just up the price again. Same thing with the seai grants, once the grants went up, the cost of labout and materials mysteriously went up straight after.
Just cut taxes to the tune of €600 per household – I’d rather spend the money on heating oil than electricity
Jesus the smell or r/hailcorporate in this thread is rotten.
You lot are blindly looking off into a dystopian dream while billionaires pickpocket you.
I’ll save you a click to the same rag that ran the “Living at home in your 30s is mad craic” headline
“Households are in line for three discounts of €200 or more on their electricity bills between now and next spring, under proposals being considered by the Government.
The three electricity credit payments, totalling €600 or more, to every household in the country could form part of measures to address the cost of living in the Budget later this month.”
So I’m thinking it’ll be means tested?
A surprise to be sure but a welcome one.
You mean energy companies will get a €600 subsidy from each household in the country out of public funds! (Corporate welfare) Is it any wonder they are upping prices when they can be guaranteed of public finding to the tune of tens of millions. These private energy companies should be taken over and made public again, we’d soon see if they’d be willing to take a hit in their profits if this was the government line, but unfortunately that won’t happen under FFFG/ Green free marketeers
More interested in where the money is coming from
Subsidised price gouging hooray!
Happy days
Brilliant. Bills have only jumped by €1200 or so and will continue to rise. Thank you , our glorious generous and benevolent overlords 🙇
Remember that cafe that just got a single bill for 9000 euro?
Is this money coming from the extra revenue made by those generating electricity from non-gas sources. Otherwise it’s just going to increase the price more once they know gov is picking up the tab, maybe not extremely but definitely won’t hesitate to increase pricing more and more now.
Simply not good enough. The energy companies are gouging people to extraordinary levels of profit and that should have been what gets hit. Not a standard credit.