Another oil company announces record profits. Shell has announced record annual profits of $39.9bn (€36.31). The London-listed company made more than €76bn in 2022, but once adjusted earnings are taken into account, this gave the company a profit of €35.99bn. The profits also came thanks to bumper gas prices as Russia’s invasion of Ukraine led […]

3 years ago

It’s not all bad news, as power will be 10% less expensive outside of peak hours. The Commission for Regulation of Utilities (CRU) has announced that the cost of electricity is set to increase for large users during peak hours to ensure “power security” over winter. The announcement came just over 24 hours following the […]

3 years ago

Recent energy inflation has increased the cost of estimated households’ consumption by over €21 per week on average. A new report has found that recent energy inflation has increased the estimated share of households in energy poverty to nearly 30%. The research comes from the Economic and Social Research Institute (ESRI), with the institute defining […]

4 years ago

“There is a real issue. It has been very tight, it is very tight.” Energy supplies in Ireland are entering a “very tight situation”, according to Eamon Ryan. The Green Party leader and Minister for the Environment, Transport and Climate said on Monday that while the situation remains “very tight”, he believes the country “will […]

4 years ago

Bord na Móna has confirmed that it will make up to 430 employees redundant. A voluntary redundancy programme is expected to be rolled out by the organisation soon, and the redundancies are expected to effect anywhere between 380 and 430 employees. The redundancies come as a result of Ireland’s decreasing reliance on fuels such as peat, […]

8 years ago

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12 years ago