Regulated Revenues and Tariffs
ESB Customer Supply is the part of ESB licensed as the Public Electricity Supplier (‘PES’). ESB PES offers tariffs to customers that do not purchase electricity from other suppliers and is required to obtain the approval of the CER for any changes it wishes to make to its retail tariffs. The CER only regulates the tariffs of ESB PES. Independent suppliers are free to set their own tariffs.
- Revenue Regulation
- To set the level of electricity prices charged to customers, the CER first determines the revenue that ESB PES needs to meet its efficient costs.
- Regulated Tariffs
- Each year the allowed revenue is refined in an annual review that determines the revenue that will be used to calculate ESB PES tariffs.
- History of Electricity Price Regulation
- When the CER was established in 1999 electricity supply tariffs in Ireland had remained largely unchanged since the mid 1980s.
- What Are The Underlying Costs of Electricity?
- The cost of supplying electricity comprises the cost of generating the electricity, transmitting it through the grid, distributing it through the network, and supplying this energy to end customers.
- What Are The Underlying Costs of Electricity?
- The cost of supplying electricity comprises the cost of generating the electricity, transmitting it through the grid, distributing it through the network, and supplying this energy to end customers.