IDA issues warning over Ireland’s ‘expensive and high-risk’ energy system
The state agency made the claim in an uncompromising submission to the energy regulator, while arguing that new plans to impose €100m emergency tariffs on large firms would undermine national competitiveness
Ireland’s energy system is “increasingly viewed as expensive, unpredictable and relatively high risk”, IDA Ireland has warned.
The inward investment agency has made the claim in a hard-hitting submission to the energy regulator, in which it says “unprecedented” plans to introduce €100 million in emergency tariffs on certain large businesses would also undermine Ireland’s cost-competitiveness and damage the country’s reputation for foreign direct investment.
In a submission to the Commission for the Regulation of Utilities ...