No more 'money in your pocket' measures to ease cost of living crisis

Michael McGrath says there are no immediate plans to pay further energy subventions to the Irish public

As with households all over the world, Irish consumers suddenly find themselves having to think about their usage of fuel and electricity amid surging energy prices. Stock picture

There will be no more “money in your pocket” measures in the short term to alleviate the cost of living crisis, despite mounting pressure on households.

The confirmation from senior Government figures came as SSE Airtricity announced yesterday that it is to hike its prices from May 1. Its 250,000 electricity customers face an average increase of €338 on their annual bills, while its 85,000 gas customers can expect to pay an average of €333 a year more.