The Commission for Energy Regulation (CER), the energy regulator in Ireland, has today published its Decision Papers regarding Gas Networks Ireland’s Price Control 4. Frontier worked closely together with Gas Networks Ireland on various aspects of their submission, including efficiency benchmarking and allowed cost of capital.
Gas Networks Ireland is a gas distribution and transmission company, serving over 670,000 homes and businesses across Ireland. The CER’s decision sets out Gas Network Ireland’s allowed revenues to safely operate, maintain and invest in the gas network for the next 5 years. The CER also sets out how it will monitor Gas Network Ireland’s performance over the next five years. CER stated the benefits to gas customers from its decision will be:
- a gas network that is operated to the highest safety standards, ensuring safe supply of gas to customers;
- a reliable and secure supply of gas to homes and businesses;
- the efficient management of the gas network resulting in stable tariffs; and
- a high standard of customer service at all times with timely resolution to complaints.
The Decision Papers can be found here.
Frontier Economics regularly advises Gas Networks Ireland on regulatory issues.
For more information, please contact [email protected] or call +44 (0) 20 7031 7000