Written answers
Tuesday, 13 December 2022
Department of Communications, Climate Action and Environment
Energy Prices
James Lawless (Kildare North, Fianna Fail)
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178. To ask the Minister for Communications, Climate Action and Environment when the reduction in wholesale energy costs will be reflected in domestic energy customers' bills; and if he will make a statement on the matter. [61742/22]
Eamon Ryan (Dublin Bay South, Green Party)
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The setting of electricity prices in Ireland is a commercial matter for energy supply companies. These companies operate within a European Union regulatory regime wherein electricity and gas markets are commercial, liberalised, and competitive. Operating within this overall EU framework, responsibility for the regulation of the electricity and gas markets is solely a matter for the Commission for Regulation of Utilities (CRU) which was assigned responsibility for the regulation of the Irish electricity and gas markets following the enactment of the Electricity Regulation Act (ERA), 1999. The CRU is accountable to the Oireachtas.The Government will continue to take action at National and EU level to support customers to meet their energy bills and to stay warm and well this winter.
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