Electricity suppliers tight-lipped on potential cuts to bills despite falling prices via IrishTimesBiz
“As confirmed in our financial results for the year 2022, we absorbed over €60 million in losses in our residential supply business,” the company said.
The company maintains that it offers the “lowest cost standard variable tariff” for households, even after calculating other suppliers’ reductions. Irish energy suppliers began their first round of increases in 2021, shortly after wholesale rates began rising, partly driven by spikes in natural gas prices on world markets.
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