H1 2018 Highlights
15
Network Regulation Overview in Ireland
ES3
Energy for
generations
Revenue determined by ROI and NI Independent Regulators
CRU (Republic of Ireland) for ESB Networks
Utility Regulator (Northern Ireland) for NIE Networks
Regulatory framework similar to Ofgem in Great Britain
⚫ Regulatory objectives: Protect customers' interests, while ensuring safe,
secure, sustainable Networks at reasonable cost, that earn a fair return
● Multi-year Price / Revenue Control Cycles
Allowance for Opex and Capex
Allowed real return on Regulated Asset Base (RAB)
No volume risk. Inflation adjustment to opex, capex and RAB.
Incentives for strategic innovation, customer service and network performance
Model well established and considered robust by investors and rating agencies
An Coimisiún
um Rialáil Fóntas
Commission for
CRU Regulation of Utilities
Utility Regulator
ELECTRICITY GAS WATER
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