According to a report, climate change ambitions and the industrial emmisions directive, the eu law regulating greenhouse emissions has resulted in the proposed closure of two coal and oil burning electricity plants from 2023-25, which could leave Ireland with an energy deficit of 1/5 of peak requirements. Reportedly, to avert a crisis the commision for the regulation of utilities are in talks with owners of gas and oil burning generators about keeping them open.
According to a report gas is used to generate 50% of Ireland’s electricity. Bord Gáis gas prices are due to increase by 12%, electricity by 10% on 24 October. Reportedly over 50,000 northern Ireland customers will be affected by a gas price rise of 33%. Said to be due to a 200% increase in global gas prices.