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State subsidy to Tynagh Energy to be increased

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Galway Bay fm newsroom – A Galway-based energy company is set to get an 8 per cent increase in its State subsidy.
Tynagh Energy will receive more than 66 million euro over the 12 months from October because of the plan to increase the public service obligation levied on all electricity users.
According to today’s Irish Times, shareholders in Tynagh Energy include U.S giant General Electric and Turkish group, Gama.
The Commission for Energy Regulation plans to increase the PSO levy to support wind power, peat-fired and a number of other generators.
Latest accounts for Tynagh Energy show that it made profits of 25 million euro in 2011 and 2012.
The State subsidy compensates Tynagh because it receives less revenue from selling electricity on the open market, as a result of competition from cheaper rivals.
The increase will mean consumers will pay 5 euro 36 cent extra a month from October, an increase of 54 percent.

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1,380 new cases of Covid-19 reported nationally

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Galway Bay FM Newsroom – The Department of Health this afternoon reported 1,380 new cases of Covid-19 – a drop of 800 on yesterday’s figure.

The five-day moving average now stands at 1,833.

There are 459 people in hospital with the virus, an increase of 53 since yesterday, with 74 in ICU – up three since yesterday.

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16 pubs close in Galway since the start of the pandemic according to new Survey

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Galway Bay FM Newsroom – Galway City and County has seen 16 pubs close their doors since the start of the pandemic with 456 pubs renewing their licences in September of this year.

That number is compared to 472 who renewed their licences in January 2020.

Nationally, 349 pubs have shut their doors since the pandemic began, according to trade representative bodies.

They’ve analysed figures from Revenue, and found 37 outlets shut in Cork since last March.

It’s the worst affected county followed by Donegal and Dublin with 33 each.

Padraig Cribben, Chief Executive of the VFI, says: “These new figures reveal Covid’s dramatic impact on the trade over the past 19 months. To lose 5% of pubs in such a short timeframe is unprecedented and underlines how the pub trade bore the brunt of pandemic restrictions.

“In light of recent speculation about delaying the ending of restrictions, the news that pubs are closing across the country will only heighten anxiety in the trade. Uncertainty is a key factor in why so many pubs have closed so Government must put an end to the crisis by announcing the easing of restrictions will proceed as planned.”

Donall O’Keeffe, Chief Executive of the LVA, says: “Losing 349 pubs across the country indicates the magnitude of what’s happened to the pub trade since March 2020. These pubs closed even with the Government supports in place.

“We think the reopening of late night hospitality, the return of the bar counter, the end of mandatory table service and a resumption of normal trading hours should proceed next Friday. If access is limited to those who have been vaccinated there is no justification for not proceeding the easing of the rest of the restrictions.

“With more than 90% of the adult population vaccinated and vaccine passes likely to remain in place, if we can’t allow hospitality to trade relatively normally now then when will we ever be able to?

“Anticipation is high ahead of the lifting of 22nd October for the simple reason that publicans are desperate to get back to normal trading. Many pubs and other hospitality businesses have been hanging on for this moment and any further delays will be a step too far for some. The Government needs to recognise delays will push more businesses over the edge where they will join the 349 pubs that have already been lost during the course of the pandemic,” Mr. O’Keeffe concluded. 

Seven day pub licence renewals by county: Jan 2020 v September 2021

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Road resurfacing works to begin tomorrow evening on N6 Bothar na dTreabh

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Galway Bay FM Newsroom – Road resurfacing overlay works will commence on the N6 Bothar na dTreabh from Kirwan Junction to Tuam Road Junction tomorrow evening.

The works, carried out John Madden & Sons Ltd., acting on behalf of Galway City Council, will take place during the hours of 7.00pm and 7.00am for a period of four weeks.

A Stop & Go system will be in operation during this time.

Road users are urged to use alternative routes to avoid delays and proceed with caution during this period as Traffic Management will be in operation at all times.

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