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NI manufacturing energy costs 'among highest in Europe' | NI manufacturing energy costs 'among highest in Europe' |
(about 2 hours later) | |
Energy costs for manufacturers in Northern Ireland are among the highest in Europe, according to a report. | |
Research for the utility regulator showed the price was double that paid in countries such as France and Sweden. | Research for the utility regulator showed the price was double that paid in countries such as France and Sweden. |
It was also significantly higher than the rest of the UK and the Republic of Ireland. | It was also significantly higher than the rest of the UK and the Republic of Ireland. |
The manufacturers' organisation in Northern Ireland said the high costs had a major impact on job creation. | The manufacturers' organisation in Northern Ireland said the high costs had a major impact on job creation. |
The report is said to provide a comparison of electricity prices in Northern Ireland with the rest of Europe for the first time. | The report is said to provide a comparison of electricity prices in Northern Ireland with the rest of Europe for the first time. |
It indicated that for domestic consumers and for small industrial and commercial consumers, electricity prices were about the EU average. But for 30% of manufacturing customers, prices were among the highest in Europe. | It indicated that for domestic consumers and for small industrial and commercial consumers, electricity prices were about the EU average. But for 30% of manufacturing customers, prices were among the highest in Europe. |
The chief executive of the utility regulator, Shane Lynch, said: "It is important that there is transparency on energy pricing and we therefore made a commitment to collate and publish such data. | The chief executive of the utility regulator, Shane Lynch, said: "It is important that there is transparency on energy pricing and we therefore made a commitment to collate and publish such data. |
"The data will also be a useful basis for framing discussion around factors affecting energy prices going forward. | "The data will also be a useful basis for framing discussion around factors affecting energy prices going forward. |
"Clearly aspects of the data require some discussion, not least of which is the finding which shows that larger electricity users are paying nearly the highest prices in Europe." | "Clearly aspects of the data require some discussion, not least of which is the finding which shows that larger electricity users are paying nearly the highest prices in Europe." |
He said that they would work to integrate the wholesale market with western Europe by 2016. | He said that they would work to integrate the wholesale market with western Europe by 2016. |
"We also recognise that regulators, policy makers, consumer representatives and the electricity industry especially, all have some responsibility in helping to explain the pricing picture," he said. | "We also recognise that regulators, policy makers, consumer representatives and the electricity industry especially, all have some responsibility in helping to explain the pricing picture," he said. |