Fears Panda Power could exit energy market
Panda power are falling victim to the rising costs of wholesale electricity and gas prices. Picture: Leah Farrell/RollingNews.ie
The energy regulator has confirmed it is “engaging with a supplier” on its participation in the market, amid reports that Panda Power could become the fourth energy supplier to leave the market this year.
Up to 60,000 households could be affected if Panda were to exit. The move comes amidst huge increases in wholesale gas and electricity costs, with Panda Power likely to follow Glowpower, Bright Energy, and Iberdrola out of the Irish market.
