Energy Bill 2016
The Energy Bill was published on the 18th of January 2016. The Bill updates a number of provisions in existing energy legislation so that the legislation is more robust.
The Energy Bill provides for various amendments of the Electricity Regulation Act 1999, the Gas Act 1976, the NORA Act 2007 and the Sustainable Energy Act 2002 and the Registration of Title Act 1964.
Energy Bill RIA
Its most significant aspects provide for:
- The renaming of the Commission For Energy Regulation (CER) as the Commission for Regulation of Utilities (CRU),
- A wider definition of the existing Single Electricity Market (SEM), to facilitate the North/South regulators' integrated Single Electricity Market, or I-SEM, project,
- Enhanced enforcement powers for the Commission for Energy Regulation, including powers to impose administrative sanctions,
- Increases existing penalty levels on conviction from those already in the 2014 REMIT Statutory Instrument which relate to market abuse offences in the wholesale electricity and gas markets pursuant to the requirements of the EU's REMIT Regulation,
- Amendment of existing legislation in respect of appointments to the Board of the Sustainable Energy Authority,
- Increased flexibility in the administration of the Biofuels Obligations Scheme by the National Oil Reserves Agency,
- Publication of an energy strategy statement by the Commission for Energy Regulation
You can follow the Bill's progress through the Houses of Oireachtas website .
The Bill has now completed all stages of the Oireachtas and was enacted on the 30th July 2016.
Energy Act 2016.pdf