Fine Gael warns of 10% hike in electricity prices

GREEN PARTY policies will result in a 10% hike in electricity prices this autumn and push many families and businesses into crisis, according to Fine Gael.

Commenting on the decision to introduce a 5% Public Service Obligation (PSO) levy on electricity prices in October, Fine Gael energy spokesman Leo Varadkar said the move would just be one part of a “double whammy” of energy price hikes.

He said that Energy Minister Eamon Ryan is also planning a separate review of electricity prices in September which is expected to result in a further price increase.