Forum recommends tackling energy costs for businesses
Energy has been identified as the principal contributor to rising business costs by an advisory forum established by the Government.
An advisory forum set up by the Government has released its final report, recommending ways to reduce energy costs for large businesses and improve overall competitiveness. The Cost of Business Advisory Forum, comprising business representatives, social partners, regulators, and government departments, examined 63 recommendations across various cost drivers, including energy, insurance, legal services, and tax administration.
Key forum members emphasized the importance of price transparency, easier switching for non-domestic energy customers, and regulatory reform to remove bottlenecks. The forum's chair, Kevin Foley, expressed hope that the report would catalyze actions to reduce business costs and foster a more favorable environment for enterprise.
The Chartered Accountants Ireland and Ibec praised the recommendations, urging the government to implement them swiftly for long-term economic resilience.
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