Dáil Éireann Debate, Tuesday - 12 July 2022
236. Deputy Mairéad Farrell asked the Minister for the Environment, Climate and Communications if the X factor does not change once this has been established until the five-year revenue cap period has changed in relation to the price regulation of network charges that the Commission for the Regulation of Utilities employs; and the five-year revenue cap that is set. [37615/22]
View answerResponsibility for the regulation of the electricity market is a matter for the Commission for Regulation of Utilities (CRU) which is an independent regulator, accountable to a committee of the Oireachtas and not the Minister. The CRU was assigned responsibility for the regulation of the Irish electricity sector following the enactment of the Electricity Regulation Act, 1999 and subsequent legislation. The CRU is responsible for oversight of the costs associated with the operation and development of the national grid by the System Operators, including the matter referred to in this Parliamentary Question. Therefore the Minister has no statutory function in this matter.
The Deputy may wish to note that CRU provides a dedicated email address for Oireachtas members, which enables them raise questions on general energy regulatory matters to CRU at oireachtas@cru.ie for timely direct reply.
