
The
Irish energy sector is regulated by numerous legal acts, but the procedure on
company registration in Ireland in this field is performed in accordance with the legislation available for other types of
business forms, as prescribed under the regulations of the
Commercial Law. Investors who want to
open a company in Ireland in this industry should know that the
total yearly energy consumption in this country is estimated at
25 billion kWh.
Our team of Ireland company formation representatives can offer in-depth assistance on the special regulations that should be completed by
energy businesses operating here.
Energy regulator in Ireland
The main institution which regulates the electricity and natural gas markets in Ireland is the Commission for Energy Regulation (CER). The institution was founded under the provisions of the Electricity Regulation Act and the Gas Regulation Act and, starting with 2003, CER also deals with the public water system in Ireland.
The main functions of the institution is to represent both the interests of the customers and companies, as well as to establish competition conditions on these markets.
Businessmen who are interested in starting the procedure of
company formation in Ireland in the
energy sector will be required to
obtain special permits and licenses for their activities, which will be issued by
CER.
In this sense,
CER will verify if an
applicant company respects all the legal requirements and
our team of Ireland company formation agents can provide in-depth information on the applicable
quality and safety standards.
Energy Act in Ireland
Companies operating in Ireland in the field of
energy are required to follow the regulations of the
Energy Act, the main legal framework for the
energy sector. The
Energy Act is enforced in
Ireland by
CER and the issuance of
business permits is performed in accordance with the stipulations of
Part 4 (15) of the Act.
The document provides regulations on the manner in which the energy supply has to be sold within the country’s borders, but it also includes regulations prescribed by the European Union (EU), referring to the cross-border exchange of energy.