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…
Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators. Members of The Currency get full access to over 4,000 exclusive interviews, investigations, and analysis, plus over 460 podcasts. Annual membership is just €200 for the first year, a saving of €100. Or try The Currency for the first month for a special introductory rate of €5, a saving of €20. Cancel at any time. To become a member today click here.
Join The Currency
INTRODUCTORY OFFER: Full annual membership for just €200.