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:

I might take the first part of that.

I thank Deputy O'Rourke for the questions. The CRU, through the single electricity market, SEM, committee and the market monitoring unit, monitors the behaviour of generators in the single electricity market to ensure that there is open and transparent competition. The market monitoring unit also follows up on anything it observes or any complaints made to the two regulators or to the SEM committee. We confirm that we have received a number of complaints in relation to a market participant and that the regulatory authorities are following this up through the appropriate processes. It is important to say that we take any allegations very seriously and we follow up on them very diligently.

While the process is ongoing, to protect the integrity of the process we do not identify either the complainant or the market participant. Notably, if any breaches of market or competition rules are established, all appropriate actions will be taken with regard to the licensing terms and conditions. If any breaches are established, the penalties can include financial ones. They can include obligations to cease certain activities or it can conclude with the revocation of a licence.

We have received certain complaints and the appropriate processes are in place and are being followed at present with regard to certain companies.