Deal comes amid tension in energy sector over regulatory constraints on data centres, which consume huge amounts of electricity
Commission for Regulation of Utilities (CRU)
Seen and Heard: Debt warehousing deadline, Intel grants credits, Budget tax hints, Clerys developer refinancing
Senator Lynn Boylan (SF) questions why subvention was continued after financial crash had ended
Data centre firm has been trying to secure link to grid for its planned facility in Arklow for more than two years
The balance between electricity supply and demand remains tight, meaning the system operates at a higher level of risk than is set as a target by the Commission for Regulation of Utilities
Risk of amber warnings ‘most likely during the coming winter peak hours and at times of low wind and low interconnector imports’, says EirGrid
Report from energy regulator finds no evidence of windfall profits for suppliers
Electricity costs on wholesale markets are lower than any time during the past two years, CSO data indicates
Experts expect a drop in natural gas prices from historic highs, but economic storm clouds remain in view
Regulator says future price rises mean it makes more sense to set levy at zero and offset part of expected rise in bills in 2024/25
CRU estimates that SSE gas customers get best standard-rate deals while Flogas offers biggest discounts
Organisation will not be ‘apologist’ for higher prices and indicates desire to see bills falling as year continues
More than 160,000 behind on their bills at end of March, up more than 20,600 since last year
Suppliers must offer customers who have built up arrears and engage with them 24 months to pay down debt
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