Oireachtas Joint and Select Committees

Wednesday, 20 November 2019

Joint Oireachtas Committee on Climate Action

Supporting a Just Transition: Discussion (Resumed)

Mr. Jim Dollard:

A number of years ago, companies such as the ESB were giving carbon allowances for free. I do not know when exactly that stopped but it was five or six years, off the top of my head. When we sell electricity forward on the market, we have to buy carbon on the market ourselves. We do not hold allowances. There will be no windfall gain to the ESB whatsoever with regard to carbon.