ESB would have settled for lower price increase

The ESB told the energy regulator in the last fortnight that it only required an electricity price hike of 10 per cent because of the fall-off in international fuel costs.

2nd December, 2006

The ESB told the energy regulator in the last fortnight that it only required an electricity price hike of 10 per cent because of the fall-off in international fuel costs. Despite this, the regulator is proceeding with an increase of 12.6 per cent from next month.

The increase is considerably less than the 19.7 per cent previously announced by the regulator, but is more than the ESB recently told the Commission for Energy Regulation (CER) it would need.

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