ESB has issued its statement on the 17.5% electricity increase,
announced by the Commission for Energy Regulation (Click
'An electricity price increase of 17.5% is considerable
- but, in the context of escalating fuel costs, is to be expected.
It is significantly less, however, than the figures for increases
'ESB understands that the Commission for Energy Regulation
(CER) intends to review the situation later in the year and
the Ä300 million contribution announced by ESB yesterday (Thursday
July 10th) will significantly abate any future price consideration.
'The CERís planned review later this year will obviously
depend on how international fuel prices behave in the coming