Ireland’s Guide To Money And Living

Consumer watch

Consumer watch

Levy increase

Irish consumers are facing an increase in their electricity bills from this October – the Commission for Energy Regulation (CER) has proposed that the Public Service Obligation Levy be increased by 32%. The levy, which is added to power bills, is used to fund the production of sustainable and renewable energy in Ireland. According to Simon Moynihan of price comparison site Bonkers.ie, the CER has said that the levy rise is as a result of falling wholesale prices.

Motorist protest

Thousands of motorists, coordinated by a group known as Ireland Underground, are planning on marching on the Dáil on July 2nd in protest against rising insurance costs, according to the Irish Independent‘s Charlie Weston.

According to a post on their website: “As you will all know, the cost of car insurance has risen drastically over the last couple of years. We have finally reached breaking point and now is the time to act. The issue has been debated in Dáil Éireann on a number of occasions, but, to date there has been no political intervention.”

A Change.org petition, which was set up four months ago urging the Irish government to intervene in the situation, has thus far gathered over 9,000 supporters.

Insurance hikes

Laya Healthcare is set to increase its rates again this year by an average of 7 per cent, according to The Irish Times. The new rate, which is said to come into effect for customers renewing their policy in July, will see some families paying an increased cost of €100 to €290. The rate rise has been attributed to several factors, including a high volume of claims from public hospitals. It’s not the first time Laya has increased premiums in recent months – earlier this year the cost of the Essential Connect Family plan rose by up to 14% for some customers.

 

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When not writing about all things personal finance, You & Your Money's editor Conor Forrest enjoys reading, football and getting lost in an ocean of Wikipedia articles.
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