Energy Crisis

Regulator drops plans to introduce €100m of new charges on energy-intensive firms

The Commission for the Regulation of Utilities has decided not to introduce a suite of tariffs that would have affected about 2,000 energy-intensive firms

Instead of a suite of tariffs on energy-intensive firms, the CRU said it would implement a 10 per cent increase in network charges to energy generators during the peak demand period of 5-7pm. Picture: Getty

The energy regulator has scrapped plans to impose €100 million in new emergency tariffs on energy intensive businesses this winter.

The move had been considered as part of plans to reduce electricity demand. The Commission for the Regulation of Utilities (CRU) announced on Wednesday it had dropped its proposals to introduce a raft of new emergency tariffs on about 2,000 large energy using businesses after concerns were raised by business groups during its consultation on ...