Oireachtas Joint and Select Committees
Tuesday, 23 January 2024
Joint Oireachtas Committee on Climate Action
Large Energy Users Rebalancing Subvention: Discussion
John McGahon (Fine Gael)
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I have four questions, two of which are for Mr. Byrne as financial controller and two for Mr. Tarrant. First, to Mr. Byrne, according to the opening statement, "the cause of this error was the changing of the calculation formulas in the financial model in the second year of implementation ... to one where a percentage change of total revenue was used in a calculation instead of a fixed annual amount". Who made the decision, nearly a decade ago, to make that change from a percentage of the total revenue to a fixed annual amount?