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People's Gas And Electricity Bills Could Rise - Thanks To Brexit

By Sarah

June 21, 2017 at 6:54am

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Irish people could have to fork out even more for their gas and electricity if the UK ends up leaving the EU Internal Energy market.

BreakingNews.ie reports that new research published this week has re-evaluated Irish energy policy, making new recommendations based off the effects of Brexit.

Ireland's and the UK's energy systems are currently closely linked, with our gas and electricity systems exclusively connected to Great Britain.

Doctor Muireann Lynch, research officer with the The Economic and Social Research Institute (ERSI), says that prices could shoot up for Irish consumers.

"That all depends on whether or not Britain continues to be a member of the European energy market," she said.

"now, it won't necessarily defiantly leave the energy market - Switzerland is partially integrated and Norway is fully integrated and neither of those countries, obviously, are EU member states.

"It's in nobody's interests for Britain to completely leave the European energy market, but we still need to be prepared for the eventuality."

Let's hope our bills don't rise too much...

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