Oireachtas Joint and Select Committees

Tuesday, 23 January 2024

Joint Oireachtas Committee on Climate Action

Large Energy Users Rebalancing Subvention: Discussion

Mr. Eddie Byrne:

Based on our investigation, we can see the reason was a simplification adjustment. There was a certain element of complexity in the first year of implementation where there was a static €50 million adjustment to one customer group and another. The logic for the second year was that we have made that adjustment and should revert to a more simplified method that we have used time and time again before that adjustment. That reversion back to the simplified percentage change approach was the logic that was deployed in the second year.