Oireachtas Joint and Select Committees
Tuesday, 9 May 2023
Joint Oireachtas Committee on Climate Action
Engagement with the Commission for Regulation of Utilities
Dr. Karen Kavanagh:
In terms of how that money will be returned, we have set out in the statement that we will return the €100 million in this year's tariffs. At the moment we are setting the allowed revenue for the period 2023-24 and the tariffs that will be recovered over that period, which starts from October. That will be returned. That will be a reduction in domestic tariffs. It will mean domestic tariffs will be lower than they otherwise have been.