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More than 1 million customers to benefit from electricity price cut

Customers are due to save around €58 a year.

MORE THAN ONE million Electric Ireland customers are set to benefit from a major price cut.

A drop of 6% to standard unit rates for residential customers will come into effect from 1 June.

According to the company, this will save the company’s 1.2 million residential customers an average of around €58 a year.

This move is in keeping with a downward trend across the energy sector.

Earlier this month a report published by Vayu Energy found a 45% drop in gas prices in April compared to a year previous – something that it put down to an abundant supply and the strong position of the euro.

In a statement today, Electric Ireland’s executive director Jim Dollard said:

Today’s announcement is good news for Electric Ireland’s 1.2 million residential electricity customers – it means the average annual residential bill for our customers will have reduced by more than €100 over the last 19 months.

According to the company it is the third price reduction in two years.

Electric Ireland is operated by semi-state company ESB, who last month saw its profit after interest and tax hit €286 million – a 33% boost on the year before.

Read: This is what ESB want you to do if you’ve received one of these scam emails

Also: Power isn’t quite paying like it used to for ESB

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48 Comments
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    Mute RJ
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    Jan 19th 2021, 12:18 AM

    Thank you nurses, and a bigger thanks to any student nurses in the covid icu’s

    395
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    Mute Ciaran bolger
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    Jan 19th 2021, 9:45 AM

    @RJ: doctors?

    29
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    Mute Winston Smith
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    Jan 19th 2021, 9:55 AM

    @Ciaran bolger: It seems to be in vogue these days not to appreciate doctors. Nurses have a maximum amount they work a week, while for a doctor it’s unlimited. Many back to back full 24 hour shifts. 12 and 19 days in a row of work is not out of place.

    29
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    Mute Stephen
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    Jan 19th 2021, 2:48 AM

    Have been living a nightmare for weeks, my brothers wife is in ICU and is fighting for her life. Each day is unbearable, she’s early 40′s with three small children, progressively declined to the extend that her lungs are destroyed. I have walked her mother to the ICU ward door everyday this week so she can spend some time with her daughter, knowing as she leaves each visit could be her last. My brother and his kids are heartbroken, their lives have been destroyed. The agony and anguish is unbearable, it could have been different, she was so cautious, but because people in our community felt they had to have a party, and subsequently carried on with their lives despite having symptoms and created a super spreading event in our community.

    426
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    Mute Stephen
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    Jan 19th 2021, 2:49 AM

    10 mins in the wrong place with the wrong person is going to take her life, destroy her family, alter their lives forever. There are no words.

    169
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    Mute Kevin O'Brien
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    Jan 19th 2021, 3:11 AM

    @Stephen: Oh god, that’s awful. I really hope she pulls through this, absolutely tragic. My cousin & his wife (they married in hospital, they were that unwell) were in a very dire place a few weeks ago & it was not looking good at for them whatsoever. But they have got progressively better better to the point they are off ventilators & are recovering. I hope their story gives you a little hope that, that too, can happen with your sister in law. I wish her a speedy recovery.

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    Mute Modern Irish Dad
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    Jan 19th 2021, 7:13 AM

    @Stephen: Thank you for sharing that with us. I cant even imagine what it must be like

    57
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    Mute Finnster
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    Jan 19th 2021, 7:21 AM

    @Stephen: this is terrible Stephen. People just don’t understand how bad this virus is . This shouldn’t have happened to your sister in law or family . The very best wishes and hopefully this lady will pull through and have many happy days ahead with her family

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    Mute Stephen
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    Jan 19th 2021, 9:39 AM

    @Kevin O’Brien: Thank you, it does help to hear your story.

    12
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    Mute Jules
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    Jan 19th 2021, 12:28 AM

    According to the OECD we have one of the lowest ratios of ICU beds per capita in Europe, which also doesn’t help the situation.

    198
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    Mute Jason Walsh
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    Jan 19th 2021, 12:36 AM

    @Jules: And had a year to sort that out but our government rolled the dice assuming they wouldn’t be needed, o how wrong a gamble that was.

    175
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    Mute Gerard Smith
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    Jan 19th 2021, 3:05 AM

    @Jason Walsh: can’t be done in a year. Every ICU bed requires 6 highly trained medical staff in service. Not possible to train that amount of people even in that time. You could easily provide the beds but not the personnel. The damage to our ICU was there long before Covid.

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    Mute Fergal Doyle
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    Jan 19th 2021, 7:23 AM

    @Jules: Thats mad about the beds …. and apparently the HSE runs one of the best health care systems in the world!!. The world health organisation ranks us 18th in the whole world, thats amazing, but hey we’re Irish so its a national sport to run things down. The much talked about UK national health service is ranked 17th.

    24
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    Mute David Corrigan
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    Jan 19th 2021, 7:50 AM

    @Fergal Doyle: All the evidence out there and you are still in denial Fergal?
    We should be number one in the world due to our small population, excellent education and the amount of money that is allocated to our health care service. Sadly due to poor leadership and management skills, we will never see improvements.

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    Mute Jason Walsh
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    Jan 19th 2021, 8:22 AM

    @Gerard Smith: if there was a will there would be a way

    9
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    Mute Marie Louise Ryan
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    Jan 19th 2021, 12:51 AM

    And still people wont listen & stay at home & adhere to restructions. No fixing the thicks!

    115
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    Mute Joe_X
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    Jan 19th 2021, 12:12 AM

    Long winded way of saying we are in trouble if the current trend in hospitalizations continues.

    96
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    Mute Vonvonic
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    Jan 19th 2021, 12:24 AM

    @Joe_X: Sobering read. Shouldn’t we be expecting hospitalization numbers to come down with the case numbers soon? I cant get my head around that.

    47
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    Mute Joe_X
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    Jan 19th 2021, 12:30 AM

    @Vonvonic: I would hope so, but it will probably be another week or so before we start seeing a decline those numbers. The fact that they were adding backlogged numbers last couple weeks has muddied the waters, so we cannot compare new cases then to hospitalizations now.

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    Mute Vonvonic
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    Jan 19th 2021, 12:34 AM

    @Joe_X: Yeah. We should start seeing alot of people being released from hospital soon too. I could be wrong but I think if we can get our numbers under 1500 or so we should start to see it decline then.

    13
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    Mute Cosmos20202020
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    Jan 19th 2021, 1:44 AM

    @Vonvonic: not at 2000+ cases a day….about 5% end up in hospital and 0.5% in ICU…. hospital numbers will keep.going up.

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    Mute Vonvonic
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    Jan 19th 2021, 1:54 AM

    @Cosmos20202020: So that’s 100 cases. Shouldn’t we be having releases in excess of that pretty soon though?. What’s the average amount of time spent in hospital?

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    Mute Fandandi
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    Jan 19th 2021, 1:59 AM

    @Vonvonic: Well how long does it take from when someone gets infected to a point where they are leaving icu? I think 5 days before they gets symptoms is common, few days later they could end up in hospital. Few days after that in icu and then god knows how long before they recover because every case is different but overall it takes long time. By that logic I’d expect 2 weeks anyway before we see the icu situation improving after the daily cases started to drop. I’m no expert but that seems to be the case and is why they are expecting it to get worse this week anyway before they start seeing light.

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    Mute Niall O
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    Jan 19th 2021, 7:22 AM

    @Vonvonic: If you are very sick with covid, then you could be in hospital for months, not just two weeks like the asymptomatic cases. The rate of newhospitalisations may drop but we could still run out of capacity because those in icu may be there for a long time.

    14
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    Mute Fergal O'Hagan
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    Jan 19th 2021, 12:33 AM

    Stay at home, simple.

    78
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    Mute Paul Somers
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    Jan 19th 2021, 12:15 AM

    Definitely not nice reading, so we are nearly at breaking point.

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    Mute Mickety Dee
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    Jan 19th 2021, 7:50 AM

    @Paul Somers: They could just as easily have written an article that hospital numbers are close to peaking and are expected to start falling shortly

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    Mute Richie56
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    Jan 19th 2021, 12:37 AM

    Exactly, our beds per capita were very low to begin with. That’s why we’ve had to have yo-yo lockdowns. Other countries could handle more hospitalisations.

    54
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    Mute Colette Kearns
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    Jan 19th 2021, 12:45 AM

    It means our health system is ducked up , who knew?

    48
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    Mute 3isamagicnumber
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    Jan 19th 2021, 7:51 AM

    What is there to say, except both FG & FF are to blame for bed shortages. They have been in power for the last 100 years. Hospitals are not fit for purpose at the best of times, never mind during a pandemic. Nurses and doctors regularly at breaking point before the current situation.

    32
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    Mute Sam Harms
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    Jan 19th 2021, 9:16 AM

    @3isamagicnumber: you can’t just put ICU beds in at the drop of a hat. Like someone said above its not about the beds it’s about the personnel to look after the people in those beds. And it doesn’t help that so many nurses and doctors have now had to stop working becausse they have the virus.

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    Mute Michael McGrath
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    Jan 19th 2021, 4:10 PM

    @Sam Harms: It’s not today nor yesterday we knew we were under manned and under resourced in our hospitals it’s been flagged for a long time.Far too much money for fluff plum managerial positions and not nearly enough at the pointy end. HSE is like an upside down pyramid when it comes to where the money goes

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    Mute Marko
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    Jan 19th 2021, 4:54 AM

    Just reading that is certainly an eye opener! Please stay safe and follow guidelines or this could happen to you or someone you know and love

    25
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    Mute Marko
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    Jan 19th 2021, 4:56 AM

    Reading this is certainly an eye opener! Please follow the guidelines or you could or someone you love could end up in this situation which is terrifying

    18
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    Mute Darren Carroll
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    Jan 19th 2021, 4:31 AM

    It means the beacon should be cpo’d since as we are in a national health emergency

    18
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    Mute Fiona Lawler
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    Jan 19th 2021, 1:41 AM

    Fergal O’Hagan Essential worker…can’t stay at home

    10
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    Mute Pauline Fedigan
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    Jan 19th 2021, 8:16 AM

    THE WOULD RATHER PUT ALL THE MONEY INTO STATE OF THE ART CHILDREN’S HOSPITAL, THAN SAVE PEOPLE’S LIVES.

    9
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    Mute Seanboy
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    Jan 19th 2021, 11:14 AM

    Main stream media can spin this anyway they want. They can blame the young, the stupid, and the anti vaccine brigade. But the simple fact is the consistent inaction by governments to address the issues in public healthcare means our system has no surge capacity and has not had for the last 20 years. A&Es bursting at the seams, people that should be being cared for in the community taking up acute beds, they want the whole thing privatised the beef baron doesn’t only own meat processing plants he has a big paw in private healthcare as well. Our corrupt politicos will find a way to funnel the cash to their cronies and they don’t care who dies in the process.

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    Mute NotMyIreland
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    Jan 19th 2021, 9:26 AM

    @Vonvonic: The average hospital stay is 18 days I think. Around day 12-16 of infection is when most end up needing hospitalization. The average ICU stay is around 21 days.

    2
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    Mute Giovanni Giusti
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    Jan 19th 2021, 5:43 PM

    Imagine if in 2019 the government had asked everyone to spend the whole winter at home, closed all bars, restaurants and venues, because we had 10,000 people on trolleys in hospitals? That’s compared to a total official hospital capacity of 14,000 beds.

    https://www.inmo.ie/Home/Index/217/13527

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