Dáil Éireann Debate, Tuesday - 27 June 2023
117. Deputy Francis Noel Duffy asked the Minister for the Environment, Climate and Communications if he is aware that while electricity companies (details supplied) are deducting energy costs, they are simultaneously increasing standing charges to more than double the price; if he has engaged with energy companies on this issue; the rationale behind the increase; and if he will make a statement on the matter. [30784/23]
View answerThe electricity and gas retail markets in Ireland operate within a European Union regulatory regime wherein electricity and gas markets are commercial, liberalised, and competitive. Operating within this 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. CRU ended its regulation of retail prices in the electricity market in 2011, and in the gas market in 2014.
The Deputy may wish to note that CRU provides a dedicated email address for Oireachtas members, which enables them raise to questions on energy regulatory matters for direct reply at oireachtas@cru.ie.
