Oireachtas Joint and Select Committees

Tuesday, 20 September 2022

Joint Oireachtas Committee on Climate Action

Engagement with the Commission for Regulation of Utilities

Ms Aoife MacEvilly:

This is where we get into the challenge of distinguishing suppliers, many of which are facing higher costs and struggling to stay in business - and, in some cases, suppliers are not staying in business - from generators, particularly the renewable generators, that are driving profits. Those suppliers and generators are often not the same companies. Some of them are and some are not. That is why we have been trying to be careful to ensure our interventions do not drive suppliers out of businesses because customers need suppliers to be there, buying and providing the energy. At the same time, we are supporting the interventions of the EU Commission in tackling that windfall and recycling it to the benefit of customers. It is a complex picture. That is the balance we have reached.

I will pass to Dr. McGowan on the question about district heating.

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