Oireachtas Joint and Select Committees

Tuesday, 20 September 2022

Joint Oireachtas Committee on Climate Action

Engagement with the Commission for Regulation of Utilities

Mr. John Melvin:

We hired EY Consultants to conduct a review of the capacity remuneration mechanism, CRM, its design and its operation since it went into place. Following the auction in 2019 some 500 MW of capacity that was awarded did not proceed in the end. The report is published on the Single Electricity Market, SEM, committee website and there is a call from the SEM committee for any evidence or comments that any parties might have on that. It is an unflinching examination of the design and operation of the CRM thus far. That is out there. Industry bodies were consulted on the report as it went out, as were the regulators, North and South, and the Department. It is a substantial document with clear recommendations. The SEM committee published its initial views on some of those recommendations and issued a call for comment which closes some time in October. Some of the recommendations are already under way or in process. In terms of the report itself on the auction, it is out there and comments are welcome. The SEM committee will issue a response to any comments received.

I am afraid I have forgotten the second part of the question-----

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