Oireachtas Joint and Select Committees

Tuesday, 9 May 2023

Joint Oireachtas Committee on Climate Action

Engagement with the Commission for Regulation of Utilities

Mr. Jim Gannon:

I will start and will then pass to my colleague, Mr. Melvin, on the predictability or not of demand. Our understanding of the data as it stands is that in terms of the 5% mandatory target for peak, Ireland was able to demonstrate flexibility of 7.5% reduction in fact at that peak.

Part of that was price sensitivity but we also understand that part of it was a response to the network tariff review we completed last year. That was a very rapid review and was a difficult consultation with industry, but industry did respond to that price signal as well as residential consumers responding to the challenge and the pricing. The peak was met and in fact exceeded but the 10% non-binding limit was possibly not reached. The numbers are currently being analysed. We need to understand what that level was and what the real causes and drivers were. As we look forward to next winter, we need to understand what actually resulted in change and see if we can drive those more. Was it pricing, communications and messaging, or was it bonus incentives or malice incentives, that is, a positive or negative incentivisation? We need to understand that better in respect of the period just gone and in terms of preparing and going forward. We understand the peak response was delivered but that overall perhaps not.

Comments

No comments

Log in or join to post a public comment.