Carbon fines will force new ESB price hike

Electricity users face more price hikes as the costs of penalties for exceeding carbon emission targets are passed on to the public.

20th May, 2006

Electricity users face more price hikes as the costs of penalties for exceeding carbon emission targets are passed on to the public. Ireland is exceeding its targets and will come under increasing pressure to cut emissions further as the European Union tightens its rules.

A European Commission report found Ireland exceeded its allowance for carbon emissions by 17 per cent last year, the highest level in Europe.

That meant that the ESB and other carbon-intensive companies...

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