August 30th 2010
The costs of oil extraction are rising sharply. This financing burden is likely to crowd out other sectors and the economy may reach a point where it simply cannot provide the capital that oil extraction requires. Shell already has to borrow to pay its dividend and BP’s is on hold precisely because of sustainability factors.
Source: http://www.guardian.co.uk
August 14th 2010
Impressive results recorded from CUES test at the Charleville Park Hotel with in excess of 18% savings established. For more details check out the Case Studies Section.
August 13th 2010
Big firms to take hard hit on energy costs
WITH ONE fell swoop, the Commission for Energy Regulation intends adding an extra €157 million to the Republic’s electricity bills from October.
The worst hit will be the so-called “large energy users”, in other words big companies with big workforces, many of which are owned by the multinational investors that the State is courting so desperately at the moment in its efforts to turn the economy around.
Sandra Quinn of energy consultancy McKinnon Clarke (MC) explains that a typical SME could be looking at an increase of €690 a month or €8,280 a year.
Much bigger businesses face a much bigger hit. For example, manufacturers such as pharmaceutical plants could face increases of between €16,000 and €34,500 a year, depending on their energy needs.
Source: http://www.irishtimes.com
August 11th 2010
Government defends electricity price hike
Minister for Agriculture Brendan Smith has defended the Government’s decision to increase electricity prices by 5% in October.
The increase is due to the public service obligation levy - a charge designed to improve the country’s security of energy supply and to develop renewable energy.
Mr Smith said while no-one liked to see prices rise, it should be noted that prices have dropped by 24% to the EU average in the last year. He said the decision also reflects Ireland’s obligations to the EU on renewable energy.
Source: http://www.rtenews.ie
July 23rd 2010
Sale of State assets considered
Airports, ports, RTÉ and the ESB are included in a list of State companies that a Government-appointed group will consider selling in an effort to cut the €84 billion national debt.
Minister for Finance Brian Lenihan announced yesterday he has appointed economist Colm McCarthy, who led the body that recommended €5 billion in public service cuts last year, to chair the new Review Group on State Assets.
It is charged with looking at the possibility of disposing of public-sector assets, including commercial State companies.
Source: http://www.irishtimes.com
June 15th 2010
Electricity prices may rise over green levy
A PROPOSAL to pay for green energy incentives and supports for peat-fired power plants could add €40 a year to consumers’ electricity bills and increase industries’ costs by five-figure sums.
Every year the Commission for Energy Regulation imposes a public service obligation charge on all electricity users to pay for incentives for renewable energy and to support peat-fired power plants.
Source: http://www.irishtimes.com
May 18th 2010
Airtricity says its move into the natural gas market will create up to 200 jobs and save some consumers an average of €210 a year on their total energy bills
The Scottish & Southern Energy (SSE)-owned company confirmed today that it is set to begin competing with State-owned Bord Gáis in the domestic natural gas market.
Source: http://www.irishtimes.com
May 17th 2010
Discussions with Arcapita
ESB confirms that it is in discussions with Arcapita in relation to the possible acquisition (subject to requisite shareholder approvals) of Northern Ireland Electricity, the transmission and distribution business of Viridian Group Holdings Limited. However, the outcome of these discussions cannot be predetermined and a further announcement will be made if agreement is reached.
Source: http://www.esb.ie
May 8th 2010
Energy Ireland 2010 conference
The 14th annual Energy Ireland conference is taking place on 2nd and 3rd June in Croke Park, Dublin. Energy Ireland is the major annual conference for the Irish energy sector and is attended by all the key players from across the sector locally as well as many from further afield. The Sustainable Energy Authority of Ireland is one of the major sponsors at the 2010 conference. Participating in the conference on behalf of SEAI are Professor J.Owen Lewis, Brian Motherway and Kevin O’Rourke. There is a strong emphasis on sustainable and renewable energy at this year’s conference, including a session looking at energy in transport.
Source: http://www.seai.ie
May 1st 2010
Great response from browsers as Enitek Ltd’s website goes live on May 1st 2010 !
