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Ireland's PM rejects energy price cap, citing market flaws, as major suppliers raise prices up to 12.1%.
Irish Prime Minister Micheál Martin has rejected a price cap on energy, calling it ineffective, and cited a threefold gap between retail and wholesale electricity prices—among the highest globally—due to structural market issues, not price gouging.
He said the government should work directly with energy firms and continue supporting households through energy credits.
Major suppliers including Energia, Bord Gáis Energy, and SSE Airtricity have announced price hikes up to 12.1%.
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El primer ministro de Irlanda rechaza el límite de precios de la energía, citando defectos del mercado, ya que los principales proveedores aumentan los precios hasta un 12,1%.