ComReg turns down An Post bid for 12c rise in stamp price
An Post’s application for a 25 per cent price rise has been rejected by the regulator ComReg. The State-owned postal firm was seeking a rise in the cost of a standard letter to 60 cent from 48 cent, but ComReg said there was insufficient evidence to support the claim. An Post was granted a rise for large envelopes – from 60 cent to 90 cent – while packets will rise from 96 cent to EUR2. Meanwhile, ComReg yesterday said it intended to appoint a team of accountants or consultants to examine An Post’s operations in further detail. This team will focus on “revenue identification, volume measurement and cost allocation procedures” at the company. ComReg issued a preliminary assessment on the application during the summer but it has now delivered its final position. It is not clear whether An Post may legally challenge the decision.
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