ESB wins Esso price battle

A high court judge has rejected claims by Esso it should be allowed to raise the price of gas supplied to Ireland’s Electricity Supply Board (ESB) on the basis of prices reported in the Heren Report .

Esso and ESB entered into a long-term contract for the sale and purchase of natural gas for a period of 15 years beginning October 1, 1999. The contract allowed for adjustments to the price to be made only when the ‘energy’ portion of the price – as opposed to the ‘transportation’ portion – was 85% or less than the market price for gas supplied in similar quantities and in similar circumstances, at the time the review request was made.

On November 1, 2002, Esso claimed the energy portion of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here