Irish business spent €16.2bn on energy in 2022, up 83%

Quantity of energy purchased also jumped 22% in the year

Purchases of peat increased 1.5% in 2022 from the previous year, mostly due its use as a fuel to generate electricity at peat-fired power plants. Photograph: Agency stock

Firms resident in the Republic also increased their energy usage in volume terms, the CSO said, with the quantity of energy consumed increasing 22 per cent from 2021. The notable jump in jet fuel consumption likely reflects the recovery in air travel that began in 2022 following two years of Covid-19-related travel and public health restrictions.Giveaway budget risks overheating the Irish economy – Central Bank warns

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