Oireachtas Joint and Select Committees
Tuesday, 9 May 2023
Joint Oireachtas Committee on Climate Action
Engagement with the Commission for Regulation of Utilities
Mr. John Melvin:
The metrics were chosen for the particular regime. We would not particularly have influenced those. That measure was brought in over a very short period and may just have been an aspect of the tight period in which targets or the whole idea was put together. When the Senator refers to the 9% growth - I am trying to recall the session here some time last year - I think that was being measured maybe from 2015 to 2020-something, and that there was a 9% growth over a number of years whereas compared to other entities in Europe there was 0% growth in a significant number of jurisdictions. That 9% was not an annualised or annual growth rate. It was over a number of years. Yes, it was different from lots of other entities. As to why they chose the expected demand metric, that may just have been an aspect of how quickly it was put together, and to make it more realistic, perhaps, than historical averages, given the road we are on.
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