Oireachtas Joint and Select Committees

Tuesday, 23 January 2024

Joint Oireachtas Committee on Climate Action

Large Energy Users Rebalancing Subvention: Discussion

Mr. Jim Gannon:

We have seen the Minister's letter to the CRU at the time, which noted a Government decision had been made to implement a measure on the understanding that the regulator was accepting or willing to also implement that measure. That is, I believe, on the record and appended to the statement submitted earlier.

It is important to recognise that while the CRU published and consulted upon the methodology for this, as part of the price review 3 period, we engage in annual consultations around the revenue setting process for each year, October to October, which is the tariff year. Then we do have a price review control framework every five years and in each of these this measure would have been noted, so it would have been public and it would have been maintained.