Aoife MacEvilly, chairperson for the Commission for Regulation of Utilities (CRU)
“We’re in a situation of really unprecedented volatility so we would encourage customers to think about being active, trying to ensure that they are on the best tariff available to them,” Aoife MacEvilly, Commission for Regulation of Utilities | More: https://t.co/4pyLguDzx6 pic.twitter.com/8vC8q9bkj1
— RTÉ News (@rtenews) March 16, 2022
Further to yesterday’s announcement by Bord Gáis Energy that the average electricity bill will go up by 27% and the average gas bill will go up by 39%…
…via RTÉ News:
Price increases for gas and electricity announced by Bord Gáis are difficult, but reflect the underlying volatility of wholesale prices in the market, according to the chairperson for the Commission for Regulation of Utilities (CRU).
Aoife MacEvilly said: “Even with competitive pressures, the reality is we’ve got very high and volatile wholesale gas prices, which is putting upward pressure on prices.”
…She said that arrears are growing and some customers are in real difficulties and the CRU is looking at enhancing protections, with actions including increased protections against disconnections and enabling customers to get onto payment plans.
Suck it up.