Electricity and gas supplier Panda Power has said it is exit the Irish market following a strategic review of its business.The company said the decision has was taken due to"unprecedented, sustained and insurmountable price increases in the international wholesale energy market."In a statement, the company said wholesale energy prices have risen"by over 600% since February 2021.
"Panda Power wishes to reassure all its customers there will be no disruption to their energy supply and that there will be an opportunity for them to choose a new supplier up to and including the 28th of September 2022. "Customers that do not choose an alternative supplier will automatically transfer to the Commission for Regulation of Utilities’ designated suppliers, Electric Ireland", it said.
The utility also said it will work with all affected employees to redeploy them in the wider group, and that there will be no compulsory redundancies. Main image: Electricity pylons silhouette against a dawn sky at Ringaskiddy, County Cork. Image: David Creedon / Alamy Stock Photo
HeyHeyItsConrad the Carter's couldn't make it in Ireland either 😂
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Panda Power confirms exit from Irish energy marketElectricity and gas supplier Panda Power has confirmed its intention to make a controlled exit from the Irish energy supply market. No wonder, never fucking heard of them. Marketing clearly shit Ursula von der Leyen speech yesterday....EU only importing 9% of its gas from Russia ....Thank God for US gas ... Good. Hopefully their waste collection goes next. Monopolising scumbags.
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