Gas and electricity supplier Iberdrola to exit Irish market

The Spanish energy supplier said that market conditions and pricing were posing obstacles to the planned commercial growth of the firm

The company said the decision to leave the Irish market had come following the completion of an internal strategic review.

Iberdrola will make a "controlled exit" from Ireland's electricity and gas market, the Spanish firm announced today.

The company said the decision to leave the Irish market had come following the completion of an internal strategic review. It noted that market conditions and pricing were posing obstacles to the planned commercial growth of the firm.