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Article: CONSUMERS are overpaying for products and services because competition is weak in the legal, pharmacy, medical, electricity and transport sectors, the OECD report says.
- Article from:
- Irish Independent (Dublin, Republic of Ireland)
- Article date:
- November 5, 2009
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Cost of goods and services among highest in the EU
Charlie Weston Personal Finance Editor
CONSUMERS are overpaying for products and services because competition is weak in the legal, pharmacy, medical, electricity and transport sectors, the OECD report says.
Greater links with the British electricity market should be put in place and the ESB should no longer own the transmission network, says the OECD.
Irish electricity prices for consumers are the third highest in the EU, and only householders in Luxembourg and Italy pay more. Competitors are reluctant to enter the electricity market due to the dominance of the ESB, particularly in ...