Wednesday, 18 May 2011

More expensive electricity - courtesy of the EU?

A single EU electricity market could end up leaving Irish consumers facing extra costs, according to the Economic and Social Research Institute (ESRI). A Review of Irish Energy Policy points out the EU is moving rapidly towards an integrated electricity market, and warns such a development could create extra costs for Irish consumers.
The report’s says that an integrated market will mean greater interconnection between the Irish and other European electricity networks and that; “There is a danger that EU rules could see Irish consumers paying for interconnection, which might end up raising their price of electricity.”

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