An increase in the carbon tax will cause gas and home heating prices to rise this month. The tax was increased to €56 a tonne in Budget 2024 but the Government decided to postpone the delay until the Summer.
It comes after many gas companies reduced their prices earlier this year with customers struggling with the 'cost of living' crisis.
Daragh Cassidy from Bonkers.ie explains what this latest price increase will mean for homeowners: "It's going to add around €17 per year to an average gas bill," Darragh explained, "It's beginning to creep up and obviously the carbon tax is due to increase between now and 2030; it's due to almost douyble so we're going to see that charge, that tax on people's bills continue to go up over the next few years."
