Ireland’s Great Energy Rip-Off. Episode 545

Niall is joined by financial analyst Karl Deeter to dig into a shocking new report from the International Energy Agency (IEA) that exposes what many Irish households already feel in their pockets: we’re being ripped off on electricity.

The IEA found that residential electricity prices in Ireland are now three times higher than the wholesale cost. In plain English, that means energy companies are charging households multiples of what they pay for power — and the government is not only allowing it, but adding to the pain with higher VAT, excise duty, and carbon taxes.

As the nights get colder and bills climb higher, Niall asks:
💡 Why are Irish households paying some of the highest electricity prices in Europe?
💰 How much of your bill actually goes to government taxes and levies?
🏛️ And why has there been no intervention to protect ordinary consumers from what looks like blatant price gouging?

Karl Deeter breaks down the data — explaining what’s really driving the costs, where the money goes, and what the government could do to bring relief.

Then Niall opens the lines for your calls:

Will you struggle to pay your heating and electricity bills this winter?

Should the government cut taxes and take on the energy companies?

Or is this just the price of a “green transition” we all have to bear?