Oireachtas Joint and Select Committees

Tuesday, 9 May 2023

Joint Oireachtas Committee on Climate Action

Engagement with the Commission for Regulation of Utilities

Photo of John McGahonJohn McGahon (Fine Gael) | Oireachtas source

I have three quick questions that I will throw out and the commission might answer one after the other. In January of this year, we were looking at 28 cent/kWh to 31 cent/kWh for domestic use. In February 2023, that went down to between 24 cent/kWh and 26 cent/kWh. From the height of the energy crisis, that is down roughly 44 cent-plus. Before the energy crisis started, it was on average about 15 cent/kWh to 18 cent/kWh. At what stage does the commission envision the price falling below 20 cent/kWh again? I would like a guesstimate or timeline around that.

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