Irish energy firms to keep bumper 2022 revenues despite government’s new price cap

Companies will keep their bumper profits from the high prices last year during the energy crisis, as the government’s forthcoming price cap on electricity produced by non-gas generators will not apply to earnings from 2022.

The Business Post last week revealed that Irish electricity generators making excessive profits from the high cost of wholesale energy will have their licenses suspended if they don’t comply with a new market price cap to be introduced by the ...