#energy-prices

#energy-prices

As NJ Transit gears up for a potential strike by train engineers, urgent negotiations are expected to unfold this week to avert disruptions in service.

The annual update to the UK's inflation basket is more than just a statistical exercise, as it provides a snapshot of how consumers are adapting to an economy that has left many feeling exposed.

Despite a decline in U.S. crude inventories to the lowest levels since March 2022, crude oil futures remain under pressure from geopolitical factors and demand concerns.

Europe's gas market surged 5% to a year-high after OMV's court win over Gazprom raised fears of potential gas supply disruptions this winter.

From October 1 to December 31, energy prices for an average household will experience a significant rise, impacting monthly budgets just as winter settles in.

Households without smart meters are urged to submit readings by October 1 to avoid being charged incorrectly due to a new 10% energy price cap.

Electric Ireland will not be increasing prices for our electricity customers, despite the increases in network charges as recently announced by the CRU which would have resulted in an increase of €101 per annum.

Labour backbenchers warn that rising energy prices and the removal of winter fuel payments will lead to a cruel winter for millions of vulnerable individuals.