Oireachtas Joint and Select Committees
Tuesday, 21 October 2014
Joint Oireachtas Committee on Environment, Culture and the Gaeltacht
Water Tariffs: Commission for Energy Regulation
3:00 pm
Brian Stanley (Laois-Offaly, Sinn Fein)
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I welcome the staff from the commission here today. I have questions on the issues that drive tariffs and revenue. Over the past period there have been questions on consultancy costs, start-up costs and bonuses. The latter is obviously a topic of the moment. Has the commission discussed the bonus system with Irish Water? Has the commission offered its views on the system to Irish Water? There is a question mark over whether there should be a bonus system. It is interesting to note that senior management, who will earn far higher salaries than an ordinary worker, have decided to give themselves a bonus up to 19%. That means it could be 19% of a salary of €190,000 but somebody earning €30,000 would only get 1.5%. Obviously the pay structure is a matter for Irish Water.