Taoiseach expects cuts in residential energy prices to come 'in the near future'

While global wholesale gas prices have declined precipitously in recent weeks following a mild winter, it had not been immediately clear that those benefits were to be passed on to customers

The Taoiseach has said he expects cuts in residential utility bills to be expedited in the near future by Ireland’s various energy providers as global gas prices continue to fall. Picture: Niall Carson/PA

The Taoiseach has said he expects cuts in residential utility bills to be expedited in the near future by Ireland’s various energy providers as global gas prices continue to fall.

“It only took a few months for prices to go up, it should only take a few months for them to come down,” Leo Varadkar told the Dáil during Leaders’ Questions.