Oireachtas Joint and Select Committees

Tuesday, 9 July 2019

Joint Oireachtas Committee on Communications, Climate Action and Environment

ESB Networks: Commission for Regulation of Utilities

Dr. Paul McGowan:

Let me offer clarification on the investment profile. The investment profile I mentioned was price control 3, which ran from 2011 to 2015. In that period, as noted, the ESB was given a certain allowance and spent considerably less. We were fully aware of that and we have looked back. We have concluded that what it spent, it spent efficiently. That has fed through in respect of tariffs. In the current price control-----