Energy
Government will consider capping prices on energy bills in policy U-turn
Department of Environment exploring possibility of price guarantee for a portion of energy used in households, even though capping energy bills had been ruled out before budget over fears of exchequer exposure to further price rises
The government will reconsider placing a price cap on energy bills in the new year, the Business Post has learned, despite having previously warned that doing so would represent a risk to the economy.
The move could cost billions of euro, but has become a more attractive prospect after Germany pushed ahead with its own year-long price cap, which will give a guaranteed price to households and businesses for a portion of their energy use.
