Oireachtas Joint and Select Committees
Tuesday, 4 October 2022
Joint Oireachtas Committee on Climate Action
Energy Prices: Discussion
Mr. Pat Fenlon:
I will ask my colleague Mr. Vickers to come in on the standing charge but on the regulatory separation of profits, it is the case that Electric Ireland has to be operated on a stand-alone basis; separate from the generation and networks parts of the ESB. The profit level in Electric Ireland is very modest and for the first six months of this year was practically in line with the same period in 2021. As for the €3 million fund, a number of people have commented on it and we will keep that under review. It is effectively the second €3 million to be put in place. It is early days yet but we will review how that is being drawn down and as we progress through this winter. Mr. Vickers will comment on the standing charges.
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