Oireachtas Joint and Select Committees

Tuesday, 23 January 2024

Joint Oireachtas Committee on Climate Action

Large Energy Users Rebalancing Subvention: Discussion

Mr. Nicholas Tarrant:

The CRU initiated a review in 2021 to look back on the implementation from 2010 onwards. We looked at that in the finance team in ESB Networks. We looked at the calculations and looked at it in depth. Somebody spotted that this was incorrect in terms of the original implementation, where the intention had been a fixed amount of €50 million. That is how it was picked up. We brought that information to the CRU and presented it to it.