Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Ireland pledges to help those struggling with fuel bills in budget

09/20/2021 | 01:20pm EDT
Eamon Ryan, the leader of the Irish Green Party, is photographed during a television interview during the build-up to Ireland's national election in Dublin, Ireland

DUBLIN (Reuters) - Ireland will include measures in next month's budget to assist those who may struggle to pay fuel bills this winter due to a global surge in wholesale power and gas prices, Environment Minister Eamon Ryan said on Monday.

Households across Europe face much higher energy bills in the coming months after energy suppliers began passing on the soaring prices to consumers in recent months through hikes to retail tariffs.

Some governments have announced measures to try and ease the burden on households and Ryan said Dublin would look at ongoing allowances aimed at protecting people against fuel poverty as well as "potentially other larger measures".

"We will have to intervene in the budget. We'll come forward with specific measures to address this very significant but hopefully short-term problem," Ryan told national broadcaster RTE.

The government will present its budget for next year on Oct. 12 and has said it has a limited pool of funds to cut taxes and increase spending as it maintains some financial supports for sectors hit hardest by the COVID-19 pandemic into next year.

Ryan added that he did not expect the country to suffer any power outages in the coming months. Two of Ireland's biggest gas-fired power plants have been offline over the last year but are expected to reopen in the next two months and "should see us through the winter," he said.

(Reporting by Padraic Halpin; Editing by Alistair Bell)

ę Reuters 2021
Latest news "Economy & Forex"
05:41pSTELLANTIS N : Michigan judge tosses GM lawsuit against Fiat Chrysler
04:47pUK to fund new nuclear power station as part of net zero drive - The Telegraph
04:47pUk government to fund new nuclear power station as part of net zero drive - the telegraph
03:26pU.S. CDC Says Administered 408,265,959 Doses Of Covid-19 Vaccine As Of Oct 17
03:26pU.s. cdc says as of october 17 10,461,286 people received a booster dose for covid-19 vaccine since august 13, 2021
03:25pU.s. cdc says 189,141,481 individuals have been fully vaccinated against covid-19 as of oct 17 versus 188,902,483 individuals as of oct 16
03:25pU.s. cdc says 218,805,579 individuals have received at least one dose of covid-19 vaccine as of oct 17 versus 218,562,924 individuals as of oct 16
03:24pU.s. cdc says administered 408,265,959 doses of covid-19 vaccine as of oct 17 versus 407,446,961 doses administered as of oct 16
03:02pPRESIDENCY OF REPUBLIC OF TURKEY : President Erdoğan in Angola
02:39pU.S. Coast Guard boards ship in connection with California oil spill
Latest news "Economy & Forex"