Pinergy asks Donohoe to implement price cap on wholesale electricity

Company complained to Finance Minister that a ‘two-tier system’ was emerging in Ireland between firms generating their own energy and those that purchase it for the purposes of selling on

Pinergy has raised its prices six times in the last 18 months. Picture: Getty

Pinergy, the renewable electricity provider, has called on the government to implement a cap on the price of wholesale electricity and introduce a windfall tax on energy generators amid rising costs for consumers and fears over companies exiting the market.

In its pre-budget submission, the Irish electricity reseller also urged Paschal Donohoe, the Finance Minister, to implement a zero per cent Vat rate on electricity in response to soaring costs.

The company, which has hiked ...