Energy crisis: Minister admits that businesses are now under threat

Ibec warns that tariffs could ‘seriously undermine’ competitiveness, while SMEs call for emergency supports to tackle spiralling energy costs

Business leaders have warned that proposals by the energy regulator to introduce €100 million in additional tariffs on energy-intensive firms could ‘seriously undermine’ the competitiveness of Irish industry. Picture: Getty

The government is coming under severe pressure to take control of the unfolding energy crisis amid increased supply fears and spiralling price rises for both businesses and consumers.

Michael McGrath, the Minister for Public Expenditure, has admitted to the Business Post that the crisis is now threatening the viability of many companies. It comes as a series of small business groups are pleading with the government to introduce some form of emergency supports for SMEs ...