Ireland Has EU's Highest Electricity Prices; PrepayPower to Increase Costs June 1
Ireland faces the EU's highest electricity prices, with households paying €480 more annually than the average. PrepayPower will increase electricity by 8.8% and gas by 10.6% in June. The Journal is seeking reader Money Diaries to document financial struggles amid the cost-of-living crisis.
Eurostat research reveals Ireland has the highest electricity prices in the EU, with households paying approximately €480 more annually than the bloc’s average. This announcement followed PrepayPower’s decision to increase electricity costs by 8.8% and gas prices by 10.6% starting in June.
Amid the cost-of-living crisis, opposition parties have called for an emergency mini-budget to provide household relief, but Tánaiste and Finance Minister Simon Harris has rejected this. The Journal invites readers to submit Money Diaries, detailing their weekly income, savings, and spending habits to understand how they manage finances during this period. Submissions can be sent to money@thejournal.ie.