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Joint Oireachtas Committee on Climate Action: Large Energy Users Rebalancing Subvention: Discussion (23 Jan 2024)

Timmy Dooley: ESB Networks identified it on foot of an expectation that the CRU was coming to visit it to do an audit.

Joint Oireachtas Committee on Climate Action: Large Energy Users Rebalancing Subvention: Discussion (23 Jan 2024)

Timmy Dooley: Would they normally do that? Would they normally get into an in-depth analysis of their books when they know an audit is coming? What seems difficult for me to understand is that ten years hence somebody started going back to check on the mechanism used. It just raises the question. I am not accusing anybody of anything but it raises the question that somebody was minded to check on this...

Joint Oireachtas Committee on Climate Action: Large Energy Users Rebalancing Subvention: Discussion (23 Jan 2024)

Timmy Dooley: That is good. My next question is about trying to trawl back ten years. I know that is not easy, because not everybody is around ten years later. Is the individual who created the algorithm that sought to do a percentage rather than a fixed number still within the company? It was mentioned that this was systematic, yet it had human input. Was there an opportunity to discuss with the...

Joint Oireachtas Committee on Climate Action: Large Energy Users Rebalancing Subvention: Discussion (23 Jan 2024)

Timmy Dooley: That seems unusual. If the quantum of money was €50 million, and that was absolute, then the notion of using a percentage to attribute at a later stage just does not seem right. In any event, that is what happened. Is ESB Networks convinced with respect to its entire calculation system? Has it done any further reviews of practices or procedures that existed previously?

Joint Oireachtas Committee on Climate Action: Large Energy Users Rebalancing Subvention: Discussion (23 Jan 2024)

Timmy Dooley: There is a cost of credit in that the company does not get it back immediately from the large users. Does the State or the taxpayer carry that cost?

Joint Oireachtas Committee on Climate Action: General Oversight of EirGrid: Discussion (30 Jan 2024)

Timmy Dooley: I thank the witnesses for the presentation and echo the comments of others in thanking them for the really important work they do behind the scenes. I also want to add my voice to the recognition of the role of Eddie O'Connor in driving the vision around energy generation and clean and green energy generation in this country. He is a very significant loss to all of us. He was available to...

Joint Oireachtas Committee on Climate Action: General Oversight of EirGrid: Discussion (30 Jan 2024)

Timmy Dooley: I might just cut to the chase. Who is responsible?

Joint Oireachtas Committee on Climate Action: General Oversight of EirGrid: Discussion (30 Jan 2024)

Timmy Dooley: It is also very expensive, by comparison.

Joint Oireachtas Committee on Climate Action: General Oversight of EirGrid: Discussion (30 Jan 2024)

Timmy Dooley: Would the witnesses accept that in order to look at the space beyond 2030, we need to show incentives? Quite frankly, we are competing with other countries for investment. The ESB lost an investment partner because it did not feel we were geared up in advance to do the work that was necessary. Should we not put greater emphasis on beyond 2030 now, recognising the massive potential into the...

Joint Oireachtas Committee on Climate Action: General Oversight of EirGrid: Discussion (30 Jan 2024)

Timmy Dooley: The difficulty is that EirGrid waits to see where everybody else is going and misses the opportunity for the country to be first up, best dressed and, ultimately, capture the new potential investment that comes with being first to market. I recognise the direction in which things are going. It is a matter of 2032 or 2035. We will have lost to somebody else. We have been talking about this...

Joint Oireachtas Committee on Climate Action: General Oversight of EirGrid: Discussion (30 Jan 2024)

Timmy Dooley: I call Senator Higgins, who is joining us online from her office.

Joint Oireachtas Committee on Climate Action: General Oversight of EirGrid: Discussion (30 Jan 2024)

Timmy Dooley: I thank Senator Higgins. There are quite a few questions there and I will give Mr. Foley a bit of latitude to answer them.

Joint Oireachtas Committee on Climate Action: General Oversight of EirGrid: Discussion (30 Jan 2024)

Timmy Dooley: Senator Higgins, I am going to have let this-----

Joint Oireachtas Committee on Climate Action: General Oversight of EirGrid: Discussion (30 Jan 2024)

Timmy Dooley: I have given the Senator quite a bit of latitude and I want to hear Mr. Foley.

Joint Oireachtas Committee on Climate Action: General Oversight of EirGrid: Discussion (30 Jan 2024)

Timmy Dooley: Okay. Maybe Mr. Foley can go directly to that one.

Joint Oireachtas Committee on Climate Action: General Oversight of EirGrid: Discussion (30 Jan 2024)

Timmy Dooley: I want to get an answer on plants, if I can, because Senator Higgins indicated she wants-----

Joint Oireachtas Committee on Climate Action: General Oversight of EirGrid: Discussion (30 Jan 2024)

Timmy Dooley: I know, but I am also conscious of time. There are other people to bring in.

Joint Oireachtas Committee on Climate Action: General Oversight of EirGrid: Discussion (30 Jan 2024)

Timmy Dooley: I have been very flexible.

Joint Oireachtas Committee on Climate Action: General Oversight of EirGrid: Discussion (30 Jan 2024)

Timmy Dooley: We will just go to the issue of gas generation, which Senator Higgins raised as one of her most important points. If Mr. Foley could do that-----

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