O'Brien: Electricity up 4-9% May-July, gas higher; no 30% rise
Energy Minister O'Brien expects electricity prices to rise 4 to 9 per cent between May and July due to Middle East conflicts, less than the 30 per cent suggested by Burke. O'Brien addressed Aer Lingus flight cancellations, attributing them to maintenance affecting 2 per cent of flights, and affirmed support for Taoiseach Martin.
Minister for Energy Darragh O’Brien said domestic electricity prices are expected to increase by 4 to 9 per cent between May and July, with higher rises for household gas bills, due to Middle East conflict pressures on global energy markets. O’Brien clarified that price increases would not reach 30 per cent, as suggested by Minister for Enterprise Peter Burke, but would depend on retailers' hedging arrangements.
O’Brien stated that the Government is planning for different scenarios and can introduce further supports if needed, emphasizing that Ireland's supply and reserves are robust. He noted the recent introduction of a €750 million support package.
Addressing Aer Lingus' cancelled flights, O’Brien said it was due to planned maintenance, affecting about 2 per cent of their schedule, with passengers being rebooked. He acknowledged price pressures on airlines due to increased jet fuel costs, but assured that Ireland has a 70-day reserve.
Regarding Fianna Fáil leadership, O’Brien affirmed his and most colleagues' support for Taoiseach Micheál Martin. He defended the party’s approach amid recent protests and disruptions, distinguishing between genuine protest and blockades.