The Commission for Regulation of Utilities was established as an independent statutory regulator by the Electricity Regulation Act 1999, enhanced under the Gas (Interim) (Regulation) Act 2002 and the Water Services (No.2), Act 2013. The Commission is responsible for (1) regulation and reform of the electricity market, including the licensing of new entrant generators and suppliers; (2) regulation of the natural gas market (3) security of supply, customer protection, upstream and downstream gas and electrical safety (4) economic regulation of water services.
The CRU is legally independent in the performance of its functions and is entirely accountable to the Oireachtas for such performance.