As if things weren’t bad enough for SMEs. From this week, gas suppliers are deregulated and free to set their own rates for energy to businesses. In the short –term this is likely to lead to price increases for small and medium sized businesses says the Sunday Business Post.
Thousands of people who owe money on their energy bills are effectively leaving their debts behind when switching to other operators, according to The Sunday Business Post, which says this is a growing trend the energy regulator is considering plans to prevent.
Anyone tempted to indulge in schadenfreude at the discomfort being felt by the top brass at BP over the disaster in the Gulf of Mexico should think again.
The cost to Shell Exploration and Production (Ireland) of developing the controversial Corrib gas field off the coast of Co Mayo could reach €2.5bn – three times what it had budgeted originally, The Sunday Times reports.
An Irish company is to raise up to €9 million to commercially develop a technology that turns sewage and waste sludge into power.