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Energy companies 'must go further' to reduce prices - Varadkar

Taoiseach Leo Varadkar met with Ireland's four largest energy retailers on Tuesday afternoon
Jack Quann
Jack Quann

21.52 12 Sep 2023


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Energy companies 'must go furt...

Energy companies 'must go further' to reduce prices - Varadkar

Jack Quann
Jack Quann

21.52 12 Sep 2023


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Energy companies have been told by Taoiseach Leo Varadkar they 'must go further' to reduce prices for consumers.

Mr Varadkar met with Ireland's four largest energy retailers on Tuesday afternoon.

Environment Minister Eamon Ryan also attended the meeting with SSE Electricity, Bord Gáis Energy, Energia and Electric Ireland.

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Mr Varadkar and Minister Ryan used the meeting to reiterate the Government's concern at persistently high energy prices.

An electricity bill is seen in this 2013 file photo. An electricity bill is seen in this 2013 file photo. Picture by: Rosemary Roberts / Alamy Stock Photo

Following the meeting Mr Varadkar said he was particularly concerned for vulnerable customers.

"People are really struggling with the cost of living and energy costs are a big part of that," he said.

"I met with the main energy companies this afternoon and indicated to them that they must go further in future billing cycles, subject to wholesale prices not increasing again.

"I am particularly concerned about what companies are doing to help their most vulnerable customers and received commitments from them this afternoon that they will continue to help over the winter period."

Mr Varadkar said the issue of a moratorium on disconnections, which last year ran from October to the end of March, was also discussed.

"I understand CRU, the utilities regulator, will make a decision on this year's moratorium period shortly," he added.

A number of companies have announced price cuts to take effect from later this year.

Main image: Taoiseach Leo Varadkar speaking to the media at the first meeting of the Cabinet since the summer break in Avondale House, Co Wicklow. Image: Sasko Lazarov / © RollingNews.ie

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Bord Gáis Energy Consumers Eamon Ryan Electric Ireland Energia Energy Companies Moratorium Moratorium On Disconnections SSE Electricity Taoiseach Leo Varadkar Varadkar

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