Big firms combine forces to beat power prices
Some of the State's largest companies are coming together to purchase their own natural gas and electricity overseas because the prices here have become too high.
In a move which could provide serious competition for State-owned companies like Bord Gáis and the ESB, companies will combine their purchasing power to get discounted prices from international sellers of gas and eventually electricity.
A new organisation, the Irish Energy Co-Operative Society, is expected to be registered with the Registrar of Friendly Societies shortly.
Several large manufacturing firms intend to become members of this group.
