Businesses willing to cut electricity use should get more cash — report

Businesses that agree to cut or shut down electricity use during periods of high demand should receive more cash, a new report recommendsBusinesses that agree to cut or shut down electricity use during periods of high demand should receive more cash, a new report recommends.

Demand-side units recruited in an auction run by EirGrid late last year receive €46,150 per year for each mega watt they contribute to the system by cutting or reducing electricity demand when required. While electricity companies, including State-owned ESB, pledged to build generators capable of producing up to 650mw of power over the past four years, none of this has materialised.

EY also argues they should get more time to build the plants and pay heavier penalties if they fail to deliver on time.

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