Indo - "There is no cost of living crisis for majority of people in Ireland says IBEC CEO"

BIG-notorious said:
Keep paying those electricity bills if you believe solar panels don't work in winter. It won't cost me anything- my electricity supplier knows better, primarily because I haven't given them any money since I switched to them well over a year ago and I've already got several hundred euro credit built up to get me through next winter!
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My guess is i will pay less than you over the next 40 years when you take into account your installation costs and future maintenance and replacement costs. Let's see how people get on with the 25 year warranty that are bandied about.
 
BIG-notorious said:
20 countries with 90% or more of their electricity supplied by non-nuclear & non-fossil fuel energy sources would disagree with that utterly uninformed statement.
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Only if their primary source is hydro-electric or geo-thermal.
There's absolutely no need to burn hydrocarbons
BIG-notorious said:
My solar panels would also like a quick word.
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I'm sure you are aware that domestic users consume around 27% of electricity in Ireland. The rest is commercial, industrial and agricultural etc.

BIG-notorious said:
Just because we consistently choose-via our electoral and legal systems- to prioritise narrowly defined short term individual interests over the long term common good doesn't mean it's impossible to run an electricity grid entirely on renewables.
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I agree; that's not the reason. The reason is that the supply is unreliable (unless it's manly comprised of hydro-electric or geo-thermal. In Ireland we'd need a minimum of 40% redundant capacity of hydrocarbon generation. There is aa long thread about nuclear power elsewhere on this site but other that ideological bias and an anti-technology luddite bias there is no reason not to use nuclear power. In the US alone it has saved tens of thousands of lived over the last 60 years by reducing air pollution.

BIG-notorious said:
You might as well say that because we can't manage to build reasonably priced apartments that the only viable alternative to a 3 bed semi-D is a tent.
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No, you may as well say that since 1950's technology wasn't particularly safe by modern standards we shouldn't use modern technology.

BIG-notorious said:
Let's be very clear- technology isn't an obstacle and neither is economics. The only problem is we the people, primarily in the form of voters and litigators...
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I agree. There's no technological reason not to completely decarbonise our power generation network. The only obstacle is those who reject science for ideology.
Oh, and we already consume a fair amount of nuclear power. It comes from Wales. Next year, all going according to plan, we'll consume even more when the Celtic Interconnector is operational. The late great Dr. Eddie O'Connor's company Supernode has a very ambitious plan to build a European wide superconducting network to overcome the issues of transmission loss. That way we can sell wind power to Spain in the winter and buy their solar in the summer but we still need large capacity local generation and the only safe environmentally sustainable way of doing that is nuclear.

We should absolutely have more wind and solar, particularly solar, but we need large capacity generation as well.
 
JoeRoberts said:
My guess is i will pay less than you over the next 40 years when you take into account your installation costs and future maintenance and replacement costs. Let's see how people get on with the 25 year warranty that are bandied about.
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The cost per kilowatt hour for solar is very cheap. The panels only need daylight, not direct sunlight, and the technology is improving all the time.
 
Anyway, back on topic, what constitutes arrears? Is it a day late, a week late, a month late etc?
 
That's also tied to energy costs and general inefficiency within our economy as the drivers are domestic foods, particularly beef and dairy products. Prices of foods imported from the mainland and Britain are relatively flat.
 
So it would be more accurate to say that people's bills will fall by €24 - not that €24 will be added to their bills?
 
Purple said:
So it's €2 a month. Hardly an issue really.
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€2 here, €2 there, €2 everywhere and it all adds up to an issue.

A typical family is being hit with an extra €1,400 in living costs this year, with food accounting for around €300 of that.
Some families with children in secondary school and a child in college could be as much as €2,500 worse off this year from the cost-of-living crisis.

www.independent.ie

The Big Squeeze – how our runaway costs could see you €2,500 worse off this year

Consumers have been left reeling from a series of price rises across a variety of goods and services this year.
www.independent.ie www.independent.ie
 
The price level for HFCE is the second highest in the EU, at 138.1 in 2024.

Our labour costs are eighth in the EU.

1754391824004.webp


The Germans earn a touch less, yet their price level for HFCE is 108.6, that is 21% below our prices.

The price level in Denmark is 143.1, which is 3.6% above us, but they earn 20% more.
 
odyssey06 said:
Some families with children in secondary school and a child in college could be as much as €2,500 worse off this year from the cost-of-living crisis.
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That's great news, assuming that household family incomes increase at the same rate as last year.

The median nominal household disposable income in SILC 2024 (calendar year 2023) was €58,922, an increase of €3,773 (+6.8%) from the previous year. Using a base income year of 2019 to adjust for inflation, the real median household disposable income was €50,406, an increase of €244 (0.5%) compared with the previous year CSO
 
Protocol said:
The price level for HFCE is the second highest in the EU, at 138.1 in 2024.

Our labour costs are eighth in the EU.

1754391824004.png



The Germans earn a touch less, yet their price level for HFCE is 108.6, that is 21% below our prices.

The price level in Denmark is 143.1, which is 3.6% above us, but they earn 20% more
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Does that earnings figure take social transfers into account?
 
Protocol said:
The price level for HFCE is the second highest in the EU, at 138.1 in 2024.

Our labour costs are eighth in the EU.
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Very informative so that explains why Irish people are not as wealthy as many of our European peers since our buying power is much less because of the high prices of goods and services.
Maybe the government should task the esri to do a comprehensive study into what is actually causing these high prices, is it high taxes, regulatory burdens or infrastructure deficits, but need a quantitative analysis of what is causing it? No more BS about us being an island off an island because we used to be alot cheaper than many of our peers in Europe.
 
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