Oireachtas Joint and Select Committees

Tuesday, 31 January 2023

Joint Oireachtas Committee on Climate Action

Engagement with the Commission for Regulation of Utilities

Photo of Alan FarrellAlan Farrell (Dublin Fingal, Fine Gael)
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That is the key to the issue. Does the CRU have any mechanism available to it to discuss the length of hedging with energy suppliers? Of course, it might be beneficial to them and ultimately to the consumer in a different set of circumstances, but in this set of circumstances consumers are being exposed to significant levels of bills and of course debt associated with that. I can pivot to the Central Statistics Office's analysis of the supports that have been put in place. It has benefited the vast majority of people. At the same time, does this highlight a potential improvement in the regulation of the sector if the CRU had the authority to intervene and-or use its position to leverage the companies themselves to recognise that they needed to drop their prices?