Business Irish

Monday 29 May 2017

Energy watchdog to partly open power market

Catherine Airlie

Ireland’s retail electricity market will be partially opened, potentially making power bills less expensive for factories and businesses.

The Irish energy watchdog, the Commission for Energy Regulator, outlined plans to allow state-owned ESB to start setting its own electricity prices from October, according to a statement on the regulator’s website.

Power prices are currently fixed by the commission.

“In the long run, the increased competition may put downward pressure on prices,” Andrew Ebrill, spokesman for the regulator said by telephone today.

Prices for domestic electricity users will continue to have fixed prices until the ESB reduces its market share, the statement said.

Bloomberg

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