ISME: ESB price-rise application 'beyond belief'

ISME has reacted angrily to the announcement by ESB to apply to the energy regulator for an increase of up to 10% in electricity prices.

ISME Chief Executive, Mark Fielding said: "It is almost beyond belief that on the day the ESB announced significant profits of €267m they had the audacity to seek an increase which would effectively hike electricity costs by more than 55% over the last four years, over five times the rate of inflation.