Oireachtas Joint and Select Committees

Tuesday, 15 February 2022

Joint Oireachtas Committee on Climate Action

Commission for Regulation of Utilities Strategic Plan: Discussion

Mr. Jim Gannon:

My colleague Mr. Melvin mentioned earlier that it is national policy to meet a climate target and that is supported by the delivery of renewables. That is now aligned to the Climate Action and Low Carbon Development (Amendment) Act, which is legally binding. It is a matter of creating a competitive process to generate the best price that consumers in this State will have to support as we meet that national climate goal for 2030. That is, again, linked to the legally binding Act.

The Department runs the renewable electricity support scheme. We advise them with regard to competition and competition ratios. However, again, it is about providing a competitive market to make sure whoever wins and delivers has bid in as competitively as possible and that a competitive price is secured.