Counting the high cost of power
Sharp rises in the cost of electricity are coming. But reports into how Eirgrid and ESB Networks do business show a history of high wages, missed project deadlines and costly decisions
Most people neither know nor care about the finer details of the electricity network, about the 6,500km of high voltage lines and the 165,000km of lower voltage lines.
But they do care about their electricity bills. And last week, the energy regulator published proposals that will see bills rise substantially over the next five years to pay for the extra €1.6 billion cost of running and upgrading the electricity network.
These “network costs” usually account...
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