Question 1

What does the Electricity Costs (Emergency Measures) Domestic Accounts Bill 2023 do?

Accepted Answer

Establishes Electricity Costs Emergency Benefit Scheme III to pay €150 (including VAT) three times to domestic electricity accounts between Act passage and 30 June 2024, funded up to €1.007 billion. Creates Submeter Support Scheme to pay €150 three times to submeter accounts during same period; electricity suppliers administer payments after receiving funds from Minister. Exempts both emergency benefit and submeter payments from income tax; amends Electricity Regulation Act 1999 to give utilities regulator oversight functions for scheme operation.

Question 2

What stage is the Electricity Costs (Emergency Measures) Domestic Accounts Bill 2023 at?

Accepted Answer

As of 30 Aug 2024, the Electricity Costs (Emergency Measures) Domestic Accounts Bill 2023 is at Enacted. Once a bill passes every stage in both Houses of the Oireachtas and is signed by the President, it becomes law.

Question 3

Who introduced the Electricity Costs (Emergency Measures) Domestic Accounts Bill 2023?

Accepted Answer

The Electricity Costs (Emergency Measures) Domestic Accounts Bill 2023 was sponsored by Minister for Environment, Climate and Communications, and was introduced on 19 Oct 2023.

Electricity Costs (Emergency Measures) Domestic Accounts Bill 2023

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