Oireachtas Joint and Select Committees

Tuesday, 30 August 2022

Joint Oireachtas Committee on Climate Action

Energy Supply and Security: Discussion

Photo of Eamon RyanEamon Ryan (Dublin Bay South, Green Party) | Oireachtas source

One of the benefits, which will only shade a certain percentage of the increase, is the fact that our PSO is becoming negative. A direct credit of €80 or €90 is going back into every bill. As Senator Boylan noted, this means we are heading towards a negative PSO and are actually saving householders money because of the presence of renewables. However, this will not cushion the blow because the scale of the gas price increase is beyond compare.

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