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Energy Prices

Dáil Éireann Debate, Tuesday - 5 July 2022

Tuesday, 5 July 2022

Questions (114)

Thomas Pringle

Question:

114. Deputy Thomas Pringle asked the Minister for the Environment, Climate and Communications the regulatory and oversight responsibilities of the Commission for Regulation of Utilities in the energy market; and if he will make a statement on the matter. [36179/22]

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Written answers

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.

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