Why the fuck are people msn again? it was shit back in 2000 and still is
Correction.
Cheaper energy bills for the fellas who sell you energy.
I’ll wait and see, thanks.
It’s cute that you believe that
I’ll believe it when I see it.
Kinda hard to trust those profit obsessed companies…
Keep Irish oil and gas for the Irish!
Wind? Sure what would we be doing with that?
It will only be cheaper if electricity rates are not linked to gas prices like they are now. The wind farms are cleaning up at the moment using free wind to generate electricity but charging the same as you’d pay for electricity generated by burning expensive as fuck gas
You’re hopeful. They generate low cost electricity, they will sell it at triple the price.
Increase in price due to wind shortage, wind tax, wind premium, just hell more moneyz to billionares!!
Unit price is pegged to natural gas in Ireland. Even if they make 100% renewables for a month straight you will still be paying price proportional to natural gas price. Public needs to be aware of this and then put pressure on local councillors and TDs to retroactively adjust the price based on renewable energy input into the grid. Unless people pay attention to this the rich twats are going to keep increasing their profit margin.
We’ll still be paying 20% than the rest of Europe.
Such a lie that headline.
Smoke and mirrors pricing leads to maximal profits for investors.
Expropriation
Without
Compensation!
Like the smart meters were going to reduce bills! I checked rates and unless you use all your appliences between 11pm and 8am, it seems they are shafting anyone that picks the smart meter
Correction, cheaper energy bills for foreign investors while the rest of us prop them up
Aye my bollocks they are.
Some perspective here for the moaners.
We are an island, off an island sitting in the Atlantic hundreds of km from the European land mass. We don’t have an all island grid due to all the objections on the border over an interconnector so we have only one link presently to the UK so we don’t get to participate in the pan-EU electric power market. The UK does.
The technology to allow that happen efficiently is relatively recent and we are one of the first countries to exploit it and it costs hundreds of millions.
Super normal profits from oil companies has no bearing on Ireland as we are a price taker and none of them are here. None. They are in other countries so we we can moan all we like but we chose not to allow drilling or exploration so the Saudi’s, UAE, US, Norway, etc don’t really need to care about how much Irish people would like to moan. Pay it or they go elsewhere. Simple.
We are lucky that most of our oil and gas was already locked in to our long term suppliers from Canada and Norway. Everyone else in the EU was scrambling when the Ukraine war kicked in. We had security of supply when most of Europe didn’t and there was a price for that but no one knows the future and next winter might be a bad one. No one knows.
Electric power generators here have not made super normal profits here. Look at the actual numbers for the Republic. One provider did really well in NI due to the UK system. Here we, the Irish people, own 60% of all generation capacity and the transmission system so we make money at both ends of the system hence why we can get rebates via state which come close to the electric price Increase for most households without borrowing it. This is not the case across Europe or most developed countries for that matter. People in Norway (yeah gas rich Norway) are paying more then here as they haven’t allowed new wind to come on stream for four years. They are currently dependent on wind from Denmark and Germany to keep the price in the southern grid (they have three systems) lower for consumers at about our rate. The average rate in Denmark is 10c per KW higher than here.
The actual price per KW in the UK is 52 pence a KW but their government is borrowing billions to try keep it close to the rate available for here…little lower but their gas prices are higher.
So things may not be perfect here, but they are not great in any our peers despite all their advantages.
19 comments
Why the fuck are people msn again? it was shit back in 2000 and still is
Correction.
Cheaper energy bills for the fellas who sell you energy.
I’ll wait and see, thanks.
It’s cute that you believe that
I’ll believe it when I see it.
Kinda hard to trust those profit obsessed companies…
Keep Irish oil and gas for the Irish!
Wind? Sure what would we be doing with that?
It will only be cheaper if electricity rates are not linked to gas prices like they are now. The wind farms are cleaning up at the moment using free wind to generate electricity but charging the same as you’d pay for electricity generated by burning expensive as fuck gas
You’re hopeful. They generate low cost electricity, they will sell it at triple the price.
Increase in price due to wind shortage, wind tax, wind premium, just hell more moneyz to billionares!!
Unit price is pegged to natural gas in Ireland. Even if they make 100% renewables for a month straight you will still be paying price proportional to natural gas price. Public needs to be aware of this and then put pressure on local councillors and TDs to retroactively adjust the price based on renewable energy input into the grid. Unless people pay attention to this the rich twats are going to keep increasing their profit margin.
We’ll still be paying 20% than the rest of Europe.
Such a lie that headline.
Smoke and mirrors pricing leads to maximal profits for investors.
Expropriation
Without
Compensation!
Like the smart meters were going to reduce bills! I checked rates and unless you use all your appliences between 11pm and 8am, it seems they are shafting anyone that picks the smart meter
Correction, cheaper energy bills for foreign investors while the rest of us prop them up
Aye my bollocks they are.
Some perspective here for the moaners.
We are an island, off an island sitting in the Atlantic hundreds of km from the European land mass. We don’t have an all island grid due to all the objections on the border over an interconnector so we have only one link presently to the UK so we don’t get to participate in the pan-EU electric power market. The UK does.
The technology to allow that happen efficiently is relatively recent and we are one of the first countries to exploit it and it costs hundreds of millions.
Super normal profits from oil companies has no bearing on Ireland as we are a price taker and none of them are here. None. They are in other countries so we we can moan all we like but we chose not to allow drilling or exploration so the Saudi’s, UAE, US, Norway, etc don’t really need to care about how much Irish people would like to moan. Pay it or they go elsewhere. Simple.
We are lucky that most of our oil and gas was already locked in to our long term suppliers from Canada and Norway. Everyone else in the EU was scrambling when the Ukraine war kicked in. We had security of supply when most of Europe didn’t and there was a price for that but no one knows the future and next winter might be a bad one. No one knows.
Electric power generators here have not made super normal profits here. Look at the actual numbers for the Republic. One provider did really well in NI due to the UK system. Here we, the Irish people, own 60% of all generation capacity and the transmission system so we make money at both ends of the system hence why we can get rebates via state which come close to the electric price Increase for most households without borrowing it. This is not the case across Europe or most developed countries for that matter. People in Norway (yeah gas rich Norway) are paying more then here as they haven’t allowed new wind to come on stream for four years. They are currently dependent on wind from Denmark and Germany to keep the price in the southern grid (they have three systems) lower for consumers at about our rate. The average rate in Denmark is 10c per KW higher than here.
The actual price per KW in the UK is 52 pence a KW but their government is borrowing billions to try keep it close to the rate available for here…little lower but their gas prices are higher.
So things may not be perfect here, but they are not great in any our peers despite all their advantages.
Dream on.