Oireachtas Joint and Select Committees
Tuesday, 18 April 2023
Joint Oireachtas Committee on Climate Action
Pre-Legislative Scrutiny of the General Scheme of the Energy (Windfall Gains in the Energy Sector) Bill 2023
Mr. Evan Walker:
In the Bill we have included provisions so that the CRU can verify the hedging operations. If a firm states it has not received the market revenue and has hedged away 50% of it, this has to be verifiable to the regulator in order for it to progress. Otherwise the payment obligation stays the same.
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