Rabbitte will not intervene in tariff dispute

Energy Minister Pat Rabbitte has ruled out intervening in the row between the energy regulator and the company behind the €800m plan for a liquidified gas terminal on the Shannon estuary.

A question mark hangs over the project after its backers, Shannon LNG, said a new tariff structure by the Commission of Energy Regulation will cost it €75m per annum.

Last Wednesday, the Irish Examiner reported that Bord Gáis Networks said if the commission does not proceed with its new tariff structure, it will result in higher energy prices costing consumers €40m per annum.