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Ireland: Competition Commission may see its second energy-pricing fallout case

By  |  November 20, 2012
Ireland: Competition Commission may see its second energy-pricing fallout case

Northern Ireland Electricity is reportedly set to fight its spending plans established by the Utility Regulator, apparently willing to force the Competition Commission to intervene. The Utility Regulator had submitted RP5, its price plan for NIE; the regulator is allowed to set prices due to the fact the electric company, owned by ESB, holds a monopoly across the North. The fallout is similar to a recent conflict between the Utility Regulator and Phoenix Natural Gas, an issue which the Competition Commission is expected to make a final ruling on by next week. NIE had proposed a nearly £1 billion budged, though the regulator wants to cut that budged by £380 million in its RP5 pricing plan.

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