The government's looking at new ways of reducing cost pressures on households across the country.
Last night, the Taoiseach told his Fianna Fail parliamentary party "a range of measures" are being considered to help with rising costs.
It's understood an increase in the €100 electricity credit and relief for social welfare recipients are being examined.
Micheál Martin tells the Fianna Fáil PP more measures are on the way to lessen the cost of living. Also says there will be an announcement next week on making retrofitting affordable
— Seán Defoe (@SeanDefoe) February 2, 2022
Minister of State for Higher Education, Niall Collins, accepts further measures are needed and will be deliberated in the coming weeks.
"[The credit] isn't going to defray the entire increase that people are experiencing are more needs to be done."
But Adjunct Professor in Economics at Trinity College - John Fitzgerald - believes we're in for around two years of higher prices.
He says the credit note is not the way to deal with it as €100 off a bill would make little difference to higher earners.
"It's daft. they should have concentrated that money on people who would notice €200 or €300 on or off their bill"
He's calling on the Government to focus on those on lower incomes.
