ESB to get green light for 8% price increase

THE Commission for Energy Regulation (CER) is today expected to give the green light for the ESB to increase prices by 8%.

The regulator has been studying a submission by the ESB for a price increase, its fourth in four years, for several weeks.

It is understood that it will accede to the demand by the State-owned company for an immediate rise of 8% and a further 4.5% rise next January - the latter increase will not be sanctioned just yet. The full 12.5% increase will add around €77 to the cost of the average household electricity bill.