Matt Carthy (Cavan-Monaghan, Sinn Fein) | Oireachtas source

The Commission for Regulation of Utilities, CRU, informed the Committee on Environment and Climate Action today that electricity customers who were overcharged as a result of the large energy user rebalancing scheme will be compensated. This was a scandalous scheme that forced ordinary households to subsidise some of the biggest and wealthiest companies not only in Ireland but across the world. Last week, when I raised this with the Minister, Deputy Eamon Ryan, he defended the scheme and refused to answer my request that the excess charges be repaid. I therefore welcome the statement from the CRU, but I ask the Taoiseach to inform us as to when customers will get their money back. Will that money come from the companies that benefited from their overcharging and not from taxpayers?

See this speech in context