Worst rip-offs are in areas regulated by Government

THE massive electricity price hike sanctioned by the energy regulator further cements Ireland’s position as the Eurozone’s most expensive country and will result in many domestic users and manufacturers being unable to meet their ESB bills.

This hike is excessive because recent figures show that inflation in electricity, fuels, water and rents are rising almost 2% higher than our Eurozone counterparts, suggesting consumers are getting bad value from the Government in the sectors it regulates and our energy suppliers are using a time of rising fuel prices to take a higher mark-up.

Neither the domestic consumer nor the manufacturing sector is in a position to meet such an excessive price increase of almost 20%.