Oireachtas Joint and Select Committees

Wednesday, 16 November 2022

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Business of Select Committee

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

We do not have the unit price information with us but I will get it and share it with the Deputy. The key feature in this scheme versus the cap argument we had earlier is the presence of a cap; that is the key design feature. The reason I can say we are making efforts to contain the cost is that we have a cap per individual premises on this. That is the key difference between this scheme and some other schemes that are being suggested. It is being suggested that we have a cap per business and per connection point of €10,000. If that does not enable us to be confident about the exact detail of the cost, at least it gives us a degree of certainty that we will be in a position to contain the costs for businesses. We anticipate that approximately 400,000 enterprises may meet the criteria for the scheme.

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