Friday July 10, 2020

Electricity bills to jump as bonuses slammed

Electricity bills to increase for next five years l Report criticises 15 per cent bonuses at EirGrid

Michael Brennan

Political Editor

22nd August, 2015
Irish electricity bills, already among Europe’s most expensive, are expected to grow for the next five years Picture: iStock

Consumers and businesses are facing hikes in electricity charges at a time when the operators of the network are getting bonuses of up to 15 per cent.

The two companies responsible for the country’s electricity network are in line for spending increases of €1.8 billion over the next five years, bringing their total budgets to €5.2 billion.

This will increase the average electricity bill for a family by at least 5 per cent over...

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