Electricity

Tech investment is boosting the country’s manufacturing but straining its power system

There are obvious strategic reasons for EU policymakers to accelerate the clean-energy transition

The new combined cycle gas turbine generating unit is set to be operational by 2031

They expect the authorities to monitor electricity prices and AI-led growth

Grid constraints, ballooning electricity prices prompting data centre operators to explore new ways to power their facilities

But as hedges expire, high power costs could drive next wave of growth across the border, says one analyst

Firms are expected to be prudent amid ongoing volatility, with lessons learnt from business failures in the 2021 crisis

Energy costs have driven electricity and town gas tariffs to record highs in the current quarter starting Jul 1

The overall electricity tariff, including for non-households, will rise by an average of 17.5% or 4.66 cents per kilowatt-hour