WORLD Nearly 30 pct of Irish households live in energy poverty: report


Nearly 30 pct of Irish households live in energy poverty: report


07:11, June 17, 2022

File photo

DUBLIN, June 16 (Xinhua) -- Recent energy inflation has increased the estimated share of households in energy poverty to 29 percent in Ireland, according to an Irish research institute.

The figure is above the previous record of 23 percent in 1994/95, the Economic & Social Research Institute (ESRI) said in a report published on Thursday.

Energy poverty is defined as households spending more than 10 percent of their net income on energy excluding motor fuel, it said.

Energy inflation from January 2021 to April 2022 increased the cost of Irish households' consumption by 21.27 euros (about 22.5 U.S. dollars) per week, said ESRI, adding that the figure rises to 38.63 euros per week when motor fuel is included.

According to the report, a further 25 percent increase in energy prices will push 43 percent of Irish households into energy poverty.

ESRI is an independent organization providing support for policy-making process in Ireland.

Ireland's annual inflation rate in May hit a record 7.8 percent in almost 38 years largely due to soaring energy prices, according to the country's Central Statistics Office.

In May, electricity and gas prices in Ireland were 40.9 percent and 57.1 percent higher respectively compared with a year ago, while diesel and petrol prices increased by 41.6 percent and 25.9 percent on a yearly basis respectively, it said. (1 euro=1.05 U.S. dollars)

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue