Iberdrola to exit Irish gas and electricity market

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Belgique Nouvelles Nouvelles

Spanish energy supplier Iberdrola said the move to leave the Irish market follows an internal strategic review that found market conditions and pricing here were a barrier to its planned growth and ambitions.

Spanish energy supplier Iberdrola has announced it is exiting the Irish gas and electricity retail market.

The business said the exit will be"controlled" and it has formally notified the Commission for Regulation of Utilities about its decision. "Despite our best efforts, it's become increasingly clear that the dynamics and pricing within the Irish energy supply market mean we will not be able to achieve what we want for our retail business in Ireland," a spokesperson said.

 

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