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.
Foreign entrepreneurs who want to access the Irish energy market are invited to contact our consultants in company registration in Ireland, who can offer assistance on the incorporation procedure.