Department opposed regulator's plan to put tariff on big energy companies

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 71%

United States News News

United States United States Latest News,United States United States Headlines

The Department of Enterprise said the charge on large energy producers would “undermine” Ireland’s investment reputation.

The Department of Enterprise told the state’s energy regulator that now-scrapped plans to introduce €100 million in emergency tariffs on large energy users would “undermine” Ireland’s reputation as a fair regulatory environment for investment.

The department also told the Commission for Regulation of Utilities its proposals to reduce electricity demand represented a “punitive approach” to companies, and suggested the body had not considered the impact of such measures on businesses.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines