Oireachtas Joint and Select Committees

Tuesday, 4 October 2022

Joint Oireachtas Committee on Climate Action

Energy Prices: Discussion

Mr. David Vickers:

You cannot plan for a supply company exiting the market.

When one does, as Panda Power has recently announced, its customer demand needs to be acquired and procured in the prevailing wholesale market. We are doing that for Panda Power and we did it for previous customers. There is a cost associated with that and we are working with the CRU to understand a framework for compensating Electric Ireland for taking on that cost as its supplier of last resort.