Oireachtas Joint and Select Committees
Tuesday, 9 May 2023
Joint Oireachtas Committee on Climate Action
Engagement with the Commission for Regulation of Utilities
Mr. Jim Gannon:
I will start with the second question about clarity on numbers and work back. The 74 sanctioned additional staff are included in the 194. The sanction for that was sought two years ago and the process was worked through. That was our anticipated resource requirement at a point two years ago. At the end of 2021, we had 104 staff. At the end of 2022, we had 119 staff. In May 2023, we have 132 staff. We are building up to the sanctioned numbers. In parallel, as noted in the opening statement, the Climate Action Plan 2023 has come into place. We have had the Russian invasion of Ukraine, and the challenges and additional thoughts and analysis about security of supply relating to that have come into play. We have also had the price crisis, which we are still in, relating to that. This has made us reconsider whether that is sufficient. The issues to consider are all of the additional requirements in the Climate Action Plan 2023, which matches our climate ambition, the insights that we are still gaining on security of supply, and the electricity pricing crisis which we have just undergone. We have started that process now. We sought to appoint consultants a number of weeks ago. It will be a short ten-week review, which may lead to further analysis. We hope to quickly come back with an understanding of what that requirement might be or a changed requirement for that number of 194 because we have learned what the policy ask might be in those areas.
Regarding powers, I will try to pick up on some of the Deputy's specific points before inviting my colleagues to respond. Different suppliers have different hedging strategies because they are of different sizes.