A couple of years ago, ESB were asked to raise their prices to encourage competition in the Irish Market. For what?
Electricity prices were amongst the lowest in Europe, now were middle of the range in comparison to our European neighbours.
ESB also owned the networks until the creation of a new quango Eirgrid came along, the prospect of a decline in service to the customer increases.
I have a sense of unease with this whole process.
Supposing Ryanair was the ONLY semi state player in Ireland providing Air travel at a comparitively low cost, such as your €1 euro to Stanstead plus taxes etc, why would we need to break up Ryanair to encourage competition when Ryanair are the cheapest out there.
What we've ended up doing is breaking up a competent company to, what I've read, 40% of where it was, and, in the end, we pay more for it with a poorer service. Wait for the call outs. Get ready for: Oh no thats not our area, we look after such and such.
The ESBs power plants were efficiently run in my opinion with a turnover on equipment at a minimum. A low turnover on staff helps also although they are very well paid. At least we've never had powerouts because the demand couldn't be met.
In an Island with a market of 4million, the ESB did what was asked of it at the right price. Are we going down the road of competition for competition sake? Because we the customer will be the losers as there are no benefits.
We talk of keeping Ireland competitive, then we unnecessarily drive up the cost of energy.
What's it all for?