ESB under investigation over electricity prices following complaints from rivals

State energy firm says allegations ‘appear based on limited understanding’ of market

 ESB’s power plant in Aghada, Co Cork was one of its three plants that   earned profits of €2.3 million on July 15th and €4 million on September 9th.   Photograph: David Creedon/Anzenberger

ESB’s power plant in Aghada, Co Cork was one of its three plants that earned profits of €2.3 million on July 15th and €4 million on September 9th. Photograph: David Creedon/Anzenberger

Energy market watchdogs are investigating ESB following complaints from rivals about the State energy company. The Commission for Regulation of Utilities (CRU), the agency that oversees the Republic’s electricity industry, confirmed this week it has received “a number of complaints about a market participant”, which regulatory authorities are investigating.

The commission is not naming any of the parties, it will only identify a business if it finds violations of market or competition rules and penalises that company. However, the subject is known to be ESB, which has been drawing fire since last year.

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