The price of gas in Ireland is the price of gas on the open European market. Which is massive at the moment, and outside Ireland’s control.
Irish energy companies are charging prices based on two things :
1. The price of gas on the open market (including hedging)
2. The price for renewables based on the current marginal pricing model which brings to the cost up the same price as gas
The latter is being changed, and there are proposals for that, but until that is done (a very legally and technically complex process), then the prices stay high :
There are two ways to “fix” the problem of high prices :
1. Give people credits to reduce the impacts of high energy prices
2. Nationalise the energy companies, force them to provide low cost energy, have to transfer huge state funds to them to actually pay for the difference, frighten off any future investment in renewables in this country, and ultimately pay the same amount of money *anyway*.
Guess which one Murphy favours.
The amount of shite this tankie comes out with is immeasurable.
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The price of gas in Ireland is the price of gas on the open European market. Which is massive at the moment, and outside Ireland’s control.
Irish energy companies are charging prices based on two things :
1. The price of gas on the open market (including hedging)
2. The price for renewables based on the current marginal pricing model which brings to the cost up the same price as gas
The latter is being changed, and there are proposals for that, but until that is done (a very legally and technically complex process), then the prices stay high :
https://energy.ec.europa.eu/topics/markets-and-consumers/action-and-measures-energy-prices_en
There are two ways to “fix” the problem of high prices :
1. Give people credits to reduce the impacts of high energy prices
2. Nationalise the energy companies, force them to provide low cost energy, have to transfer huge state funds to them to actually pay for the difference, frighten off any future investment in renewables in this country, and ultimately pay the same amount of money *anyway*.
Guess which one Murphy favours.
The amount of shite this tankie comes out with is immeasurable.