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Energy Prices

Dáil Éireann Debate, Tuesday - 24 May 2022

Tuesday, 24 May 2022

Questions (85)

Richard Boyd Barrett

Question:

85. Deputy Richard Boyd Barrett asked the Minister for the Environment, Climate and Communications if his attention has been drawn to the fact that an energy company (details supplied) has increased energy prices by 313% to customers in a multi-unit development in Sandyford, County Dublin who are tied into a single energy company and cannot shop around; if this is allowed; the steps that the customers should take in relation to the matter; and if he will make a statement on the matter. [25675/22]

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Written answers

I am aware that current energy prices have impacted on customers in local energy schemes. However, prices are not capped in Ireland and the position of successive Governments, for almost 20 years, has been that competitive energy markets result in greater choice for consumers and businesses. Gas and electricity retail markets in Ireland operate within a European regulatory regime wherein electricity and gas markets are commercial, liberalised, and competitive, while the contracts into which Owner Management Companies may enter are of limited duration, further to the Multi-Unit Developments Act, 2011.

However, this Government recognises the potential to make use of renewable and waste energy to heat homes and businesses as part of a range of measures to reduce carbon emissions and district heating is one technology that offers the potential to diversify fuel supply used to heat the building sector. The Climate Action Plan 2021 contains actions that will provide a solid basis for the appropriate expansion of district heating in Ireland, including the establishment of a Steering Group to oversee the rollout of district heating and ensure that a robust governance framework is put in place. These actions will also ensure consumer protection, in accordance with legislation.

The Steering Group will also ensure that there is a robust governance framework in place and develop a regulatory framework, along with any legislation that may be required. Considerations in this regard will also encompass legacy district heating schemes that are already in operation in Ireland.

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