When it comes to electricity, “prices in Ireland and in a good part of Europe are driven by the price of gas, and the price of gas is actually driven by the weather,” says Micheal Phelan. “There was a concern in the second half of last year that there would be a shortage of gas for this winter, and we wouldn’t be able to meet supply but the winter has been fairly mild. “So the demand for gas has been lower than anticipated and, at the moment, the reserves look like they’re adequate to see through the year. Therefore the…

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