Oireachtas Joint and Select Committees
Tuesday, 31 January 2023
Joint Oireachtas Committee on Climate Action
Engagement with the Commission for Regulation of Utilities
Ms Karen Kavanagh:
Without pre-empting the more detailed review that we have to do, my understanding is that in calculating what €25 million was and how they applied it within the detail of the tariff, they identified the percentage that equated to the €25 million. It should have stayed at that fix amount, but the percentage was replicated throughout the years. Therefore, as the total revenue for the distribution network increased over the period, that would have meant that the subsidy element was increasing over time. That is precisely the detail we need to get the bottom of and understand.