Oireachtas Joint and Select Committees

Tuesday, 31 January 2023

Joint Oireachtas Committee on Climate Action

Engagement with the Commission for Regulation of Utilities

Mr. Jim Gannon:

The estimated timeframe at the moment will be towards the end of 2026.

On the demand side, I will add to what Ms MacEvilly has said. As an energy regulator we have a certain number of tools at our disposal. It is likely that to decarbonise our existing economy, and to decarbonise economic growth, it will take multi-departmental work and multi-agency work with our enterprise agencies and the environmental and statutory planning agencies to really bring alignment to that. We see ambition cited in a number of the large energy user groups to also decarbonise their own electricity and gas use, and energy use in general.

We must make sure that alignment happens quickly, or more quickly than we would otherwise anticipate. Again, it will take regulatory intervention from ourselves, but also, perhaps, work across agencies and Departments.