Oireachtas Joint and Select Committees

Tuesday, 31 January 2023

Joint Oireachtas Committee on Climate Action

Engagement with the Commission for Regulation of Utilities

Ms Aoife MacEvilly:

There are two aspects to what the Deputy is discussing. Interestingly, the European Commission is currently consulting on proposals as to whether suppliers should be obliged to undertake a minimum level or a certain level of hedging which is considered to protect customers. The first question being asked more broadly is whether either nationally or at EU level we should oblige suppliers to hedge to protect customers. On the mechanism by which we then engage with suppliers, we generally meet them quarterly. They will sometimes give an indication of where they are at, for example at a very high level in a crisis cycle. So much happened over the past year that it can be difficult to-----