Are energy companies ‘profiteering’ on State’s €200 subsidy?

Electricity providers are simply battling to cope with hugely volatile markets where prices are moving wildly and mostly upwards. Photograph: Peter Byrne/PA Wire

Are electricity providers profiteering on the back of the Government rebate? My electricity provider recently increased my day rate cost by two cent per unit and the night time rate by one cent per unit. This effectively negates for me the benefit intended by the €200 credit due in April/May. In light of this I am in the process of switching providers. Is the €200 credit available to me with the new provider since I have no payment history with them, nor means to avail of the rebate with the provider I am leaving?

Perhaps owning the ESB might be the clue? A total review of staff costs in their bizarrely expensive new offices in the centre of the city and at the airport? A cap on costs forcing others not to profiteer?

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Government considers €60m windfall tax on energy companies as bills soarSeen & Heard: Jay Bourke’s debts, Gan’s results, and homes at O’Devaney Gardens also make the headlines via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »