Oireachtas Joint and Select Committees

Tuesday, 8 March 2022

Joint Oireachtas Committee on Climate Action

Energy - Ambition and Challenges: Discussion (Resumed)

Mr. Martin Finucane:

At the end of last year, we put out the draft terms and conditions for the auction as a full public and industry consultation. In that, we outlined several options we were considering for the final auction terms and conditions. We looked at whether or not we would index link part of the bid prices. All of these have impacts on how the companies will structure their bids ultimately for the auction. Together with our financial advisers, we are working through some of those options and the responses to the consultation. We are looking at the individual components companies put together when they are formulating their bid prices so we are looking at the different areas within that.