
Regulator criticised over energy firms' failure to help consumers save money via smart meters
The
Government
and the
energy regulator
need to do more to compel domestic energy providers to make better use of smart meters to allow consumers to save money and reduce emissions, the
Climate Change Advisory Council
has said.
Almost two million smart meters have been installed in
Irish
homes but the council noted that it can be hard for consumers and businesses to access the data the meters can produce.
That lack of information can, it warned, make it harder for people to decide on what plan they should be on to get the best value for money for their home.
There is legislation in place aimed at ensuring electricity suppliers offer customers price plans that allow them to save money, change consumption patterns and reduce emissions.
READ MORE
However, the council said on Wednesday it was disappointing that the deadline for delivering new tariffs had been delayed by the Commission for the Regulation of Utilities (CRU).
The council also reiterated its call for the accelerated roll-out of renewable energy to enable the State to transition away from its reliance on fossil fuels.
'Despite the installation of almost two million smart meters, people, households and businesses cannot easily access data on the consumption of their electricity to avail of better tariffs,' said the chairwoman of the council, Marie Donnelly.
Marie Donnelly, chairwoman of the Climate Change Advisory Council. Photograph: Dara Mac Dónaill
'Electricity suppliers must provide new tariffs, as set out in legislation, which is vital to both altering consumption patterns and shifting electricity usage away from peak times, and saving people, households and businesses money.
'It is for these reasons that we are calling on the CRU to reconsider its decision to extend the deadline for electricity suppliers to offer these new tariffs.'
Ms Donnelly said the continued reliance on harmful imported fossil fuels for electricity generation means the State's electricity is more carbon-intensive than that of many other EU members.
The rate of renewable electricity capacity development has been far below what is required to meet emissions reduction targets, and the council has said significant action is needed to expedite the deployment of renewables at pace.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Business Post
30 minutes ago
- Business Post
Ireland's aquatech sector is making waves
A key pillar of Ireland's seafood economy is the aquaculture sector, which reported value growth of 25 per cent and volume growth of 4 per cent last year, according to the latest Business of Seafood report by Bord Iascaigh Mhara (BIM), Ireland's seafood development agency. With a total value of €211 million – of which salmon accounted for €142 million last year – Ireland is establishing a reputation for high-quality aquaculture, although the sector has a long way to go to catch up with the likes of Norway, or international powerhouses like China or Chile. Where Ireland does have the potential to make a global impact, however, is in aquatech. In 2023, BIM declared that Ireland has the potential to become the 'Silicon Valley of the aquatech industry', such was the level of investment taking place in the nascent sector. Two years on, that momentum has shown no signs of slowing, according to Caroline Bocquel, chief executive at BIM. 'The Irish aquatech sector started at zero five years ago, and is now worth about €165 million,' she explained. 'What we've seen is that companies that have come through in the sector have spent one or two years in their startup phase, then moved on to Series A and Series B funding. Now they're really taking off.' Aquatech covers a broad range of services, including marine engineering, genetics, feed additives, bioscience, health solutions and digital technologies, with much of the innovation in this sector supporting global salmon and shrimp farming, as well as domestic shellfish and seaweed operators. As global demand for sustainable aquaculture continues to gain pace, Ireland is well-positioned to capitalise. 'There's a limit to the amount of aquaculture that Ireland can produce, but there's a €300 billion international aquaculture industry that we, as a country, can support,' said Bocquel. 'Aquaculture is relatively new – it's only about 50 years old as a sector – and it's moving at pace in terms of using technology to make farms more efficient, improve survivability, disease resistance, etc. We now have a stable of companies that are able to provide that technology, at a global level, and that will continue to grow over the coming years.' BIM has been investing in the aquatech industry for the past six years, and currently supports more than 70 companies in the sector, a figure it expects to grow exponentially. The Irish aquatech sector started at zero five years ago, and is now worth about €165 million BIM recently announced details of its 2025 Aquatech Innovation Studio, in partnership with Hatch Blue and backed by the European Maritime, Fisheries and Aquaculture Fund (EMFAF) – a six-day programme to support early-stage aquatech startups. The initiative provides mentoring, investor training and technical development, providing a springboard for aquatech innovation. Auranta ( is an example of an Irish business that has gained an international footprint in the aquatech sector. The Dublin-based biotech company, which develops fish feed to bolster the immunity and gut health of species like shrimp and salmon, was awarded the BIM Aquatech Business of the Year award in 2024. 'There's a huge opportunity in this space, as we can offer a test bed for new technologies in our farms, ahead of their deployment internationally,' says Bocquel. 'Ireland has successfully grown businesses in other tech sectors – we see an opportunity to replicate this in aquatech.' As well as mentoring services, BIM assists Irish aquatech firms in accessing venture capital ('we hold their hand for the first three or four years') until they become self-sufficient and more established in their funding rounds. The net result is little short of astounding. Bocquel admits that she is 'blown away' by the level to which businesses in the sector have matured in such a short space of time. 'Watching them talk about their business makes you think, 'Oh my God, why didn't anyone else think of that? That's brilliant',' she said. The application process for the BIM Aquatech Innovation Studio is open until 18 July, with the studio running from October 13 to 18. Details are available at

Business Post
30 minutes ago
- Business Post
Experts you can trust ensure peace of mind
Securing cost-effective insurance has been challenging for community, voluntary and charitable organisations over the past number of years – yet it's vital to ensure that organisations can continue their important work even when losses arise. Part of The Ardonagh Group, one of the world's largest brokers, Arachas is Ireland's largest nationwide insurance broker with over 700 people based across 14 offices throughout the country. This positions the company well to insure the people of Ireland, their businesses and the community, voluntary and charitable organisations that they are involved in. 'The theme of the Wheel Summit 2025, sponsored by Arachas, was Thriving through Change; and in uncertain times, working with insurance experts you can trust, comes to the fore,' said Celine Greene, chief trading officer at Arachas Specialty. 'At Arachas, our focus is to provide you with the right insurance protection so that in the event of a loss, you can continue to provide your valuable services, allowing you to direct your energies on your cause with security and peace of mind.' As the world gets more complex, insurance needs get more complicated. 'With uncertainty in areas such as tariffs, and geopolitical instability to list a couple,' said Greene, 'you need to focus on planning for the future and get help from insurance experts, allowing you to plan for the unexpected. 'Our Affinity Schemes team at Arachas Specialty work hand in hand with customers to understand the challenges our customers face and advise them around how they can get the best cover. A tailored approach is often required working with our customers in pinch-point sectors (areas which due to their nature are challenging to insure) in the Irish insurance market, such as groups operating in the childcare sector, the Irish Association for Adventure Tourism and the Irish Inflatable Hirers Federation, resolving real needs for customers that otherwise weren't able to access insurance products.' Arachas boasts high-quality in-house expertise as well as a significant number of existing not-for-profit customers. 'To support the sector, we have brought together a division of professionals focused on catering for the risk and insurance needs of not-for-profit organisations,' said Greene. 'This division is underpinned by our new insurance scheme, developed in partnership with Ecclesiastical Insurance Office Plc. bringing cost-effective, enhanced insurance cover to the non-profit sector, providing greater protection, thus reducing uncertainty and risk.' Emma Murtagh is the director of development and member services at The Wheel, and welcomes the initiative. 'With the introduction of their new insurance scheme, tailored to community, voluntary and not-for-profit sector, in conjunction with Ecclesiastical Insurance Office Plc., Arachas are coming with something that the industry has been asking for, for quite some time. This is music to our ears, as it means that our members have more insurance options open to them, which can help them focus on their core mission to help others, in the knowledge that their risks are catered for.' Greene added:'We were delighted to support The Wheel Summit 2025 event where the Arachas Specialty team got to meet and understand more about the requirements that you have as Not-For-Profit, community, voluntary and charitable organisations. The type and level of cover may vary greatly depending on how your organisation operates, how you are funded and how you generate income. The Arachas Specialty team, led by Schemes Development Director Amanda Harton, would be happy to speak to you about how the package we've developed with Ecclesiastical can cater to all of the risks that you might be facing, including your assets, liability exposures, trustees and management and professional indemnity.' On a more personal level, Arachas believes that giving back through community involvement and charitable giving are important aspects to their human approach to insurance. 'Just two weeks ago, we took part in the LauraLynn 24-hour treadmill challenge,' said Greene. 'And, over the past few years, another organisation we have supported is Cancer Fund for Children where, in conjunction with our parent company Ardonagh, we raised €2 million to support vital resources for families and children battling cancer. 'We have now launched our biggest companywide fundraiser this year as proud sponsor of the 26 Mountains 2 Mayo Challenge, where we will scale the highest peak in every county across Ireland, in aid of Cancer Fund for Children, supporting families and children, who are impacted by cancer. 'So, please keep an eye out for us, we will be coming to a mountain near you!'


Irish Independent
an hour ago
- Irish Independent
Woman suing Kildare businessman Paul Wright seeks $730k judgment in US
Cherish Thompson has accused Mr Wright of using client money to fund a lavish lifestyle and to buy a house for his son. The first law firm that was representing Mr Wright and his two Irish companies – Eterna Private Clients Europe and Wright Private Office – ceased doing so in April, citing irreconcilable differences with its clients. Just two weeks after new lawyers began representing him and his firms, they too secured permission from the court to come off record for their clients, also citing irreconcilable differences. Mr Wright and his two companies were then given until May 30 by the court to secure new representation. The court order at the time stated that a failure by Mr Wright and his firms to comply with that order would result in an automatic default being secured against him without further notice. 'The time for defendants to comply with the order, by May 30, 2025, has expired, and as such, plaintiff respectfully requests the entry of a default and default final judgment against the defendants including sanctions imposed against defendants,' notes an ex-parte motion filed by Ms Thompson's own law firm with the court. That motion wants the court to rule that a damages claim of $221,000 be trebled to just under $664,000 and that Ms Thompson also be awarded almost $65,000 in legal fees. It also requests that the award should bear an interest rate of 9.15pc per annum until paid. Ms Thompson has claimed she was introduced to Mr Wright in London in 2020 and that her business is now owed at least $221,000 by the defendants. Mr Wright, a UK national of Carton Demesne, Maynooth, Co Kildare, has been accused of using money raised from clients to fund a lavish lifestyle, including the use of a private jet and stays at luxury hotels. He and his firms have vigorously denied the claims, describing them as 'outlandish'. 'These proceedings have been instituted by an aggrieved former independent contractor to a UK company Mr Wright was involved with and which is currently in administration, and have absolutely nothing to do with Eterna Private Clients Europe DAC or Wright Private Office DAC,' Mr Wright's solicitor in Ireland said when the lawsuit was initiated last year.