ESRI: Single EU electricity market should lower prices for consumers

THE eventual creation of a single electricity market for the entire EU should result in lower electricity prices for Irish consumers.

That is according to economic think-tank, the ESRI, which today issues a 130-page report into the implications for Ireland of a single market.

Speaking yesterday, thereport’s author, Paul Gorecki, said: “The creation of a single EU-wide electricity market offers significant benefits for Ireland. Competition will be keener, as suppliers from Britain and beyond will be able to enter the Irish market. This should spur efficiency and increase consumer choice.