Electricity price hike looks set to reach hundreds of millions'

Irish homes and businesses are facing the prospect of a hike in electricity bills.

Irish homes and businesses are facing the prospect of a hike in electricity bills potentially worth hundreds of millions of euro after pressure from Brussels prompted a full-scale reform of the Irish electricity market.

Speaking to The Sunday Business Post this weekend, ESRI research professor John Fitzgerald warned that the new system could potentially be exploited by dominant electricity companies, meaning that the end cost to the consumer could climb up.“You could see margins creep...

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