IBEC: Energy price rise 'a blow to Ireland’s competitiveness'

The business and employers group IBEC today have expressed concern at today’s Commission for Energy Regulation announcement confirming a gas price rise of 34% and a proposed electricity price increase of 20%.

“While rising international fuel prices are having a negative effect on Ireland’s energy prices, the regulator must ensure that all costs particularly those in national control are minimised.” said IBEC energy executive David Manning.