Environment Minister Eamon Ryan has warned that energy prices may not drop for the next two years
ENVIRONMENT MINISTER EAMON Ryan has said that households will not see a significant reduction in energy prices over the next two years.
He said that he also didn’t expect energy prices to rise as rapidly as they had over the last six months.“But my expectation is that the majority of the cost of higher gas prices has already been put into the bills, so depending on what happens in the gas markets, I don’t expect we’ll see the sort of increases we saw in the last six months.”
There had previously been criticism of the Government’s disconnection moratorium, which did not include PAYG customers and only covered bill pay customers. However, The Journal previously examined these hardship funds and found that they were ad hoc in nature, with some companies not having specific funds set aside for customers facing difficulties.
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