Electric Ireland raising prices again, where will it stop?

Its all very well to get angry, but anger isnt a policy and most of the comments here just show ignorance to what's actually happening in the World. Its not in the gift of the Irish Government or the suppliers here to do anything about it.

The UK Govt tried to force suppliers to run at a loss and all that happened was that suppliers went bust, starting with the smallest and weakest.

Wholesale gas prices are NOT falling, despite what you may read day-on-day. Overall, they are 700% higher than one year ago. The rises passed on to customers are less than 100% so far, so as you can see, two things have yet to happen; the suppliers haven't quite yet cushioned all they can tolerate and worse rises are yet to come.

That said, ordinary homes and small businesses really can't afford to meet these rises. So the answer is for the European Union to set up a fund to mutualise the energy debt of its citizens, in much the same way as Covid losses were underpinned and for that mutualisation fund, or bond, to be paid off for many years after the immediate crisis has subsided.

It sounds radical and it is and it will require a temporary suspension of EU competition rules, but the alternative is an economic collapse of unimaginable proportions, which would amplify the effects of the War for a decade to come.

Fortunately, the EU can borrow trillions on its own sovereign and if that money is invested right, the damage can be limited and economic stimulation achieved.

As for Britain and other individual Countries who dont have that kind of latitude to borrow, its not a great outlook.

The IPCC, the resulting CO2 catastrophism and all the intermittent renewables that has lead to, which are the core reasons for the current energy situation and are what have put Russia into a position where they could be a problem. Russia is a side issue; it's our own climate eco-energy stupidity that is really at fault.

The illusion of choice when it comes to deregulated public services is evaporating like steam from a cooling tower. The now myriad of middle men are sucking the consumer dry.

I'll join that protest, but no way am I organising it. I don't have Facecrook, twatter, or instagrant to spread the word.

The problem with conserving energy is that, say we all reduce our consumption by 20%, they'll just up the prices by 20% plus their price gouge.

We work for them.

"A typical standard vented tumble dryer uses 2.50 kWh per cycle" At 38.6 cents per Kw thats €0.965 pre load. A heat pump dryer ican reduce energy use by 28%, so thats a saving of €0.27c per load. If you think a €400 dryer will ever pay for itself, be my guest.

I don't argue that they've a case to answer in that regard, but so much our infrastructure was in the dark ages for decades, first the telecoms were a priority, then the Motorways were a priority, then the Water network was a priority, then broadband was a priority.

The ESB did a pretty decent job of energy security when it was all under their ambit, but now we have a separate generator and a separate supplier and a separate regulator and there are too many stools for things to fall between.

I'm not sure the majority of Irish people would accept a nuclear station, but definitely taking the Peat and Coal stations offline before renewable alternatives were up and running was beyond foolish.

If all our Electricity was generated by wind the Power companies would still increase electricity prices because of the way electricity market pricing is arrived at in Europe .

There is a protest this month. I won't be going as some of the 'promoters' include the retired ESB workers association or some such bunch. Same fkrs happy enough to be overpaid in a monopoly for decades but **** it now their pensions are being squeezed by their alma mater.