OMEN
02-04-2009, 10:22 AM
Minister for Energy Eamon Ryan has told the Dáil he expects a double-digit reduction in electricity prices this year.
The Minister said he had asked the Commission for Energy Regulation to undertake an immediate review of options for a reduction in electricity and gas prices for householders and business.
He said based on present gas price projections, we can expect prices to drop in the next 12 months and beyond.
The Minister told the Dáil last night that the supply-demand problem that arose during the period of sustained economic growth was being addressed with additional plants coming on board.
He said the introduction of competition was also having a direct impact driving energy prices down.
The Minister also said the higher renewable targets will have a further dampening effect
RTE
The Minister said he had asked the Commission for Energy Regulation to undertake an immediate review of options for a reduction in electricity and gas prices for householders and business.
He said based on present gas price projections, we can expect prices to drop in the next 12 months and beyond.
The Minister told the Dáil last night that the supply-demand problem that arose during the period of sustained economic growth was being addressed with additional plants coming on board.
He said the introduction of competition was also having a direct impact driving energy prices down.
The Minister also said the higher renewable targets will have a further dampening effect
RTE