DUBLIN: The funds available to Irish Water for running the service over the next two years has been cut by over €150m. The Commission for Energy Regulation (CER), the independent economic regulator of Irish Water, has refused a request for over €2bn to run the service in 2017 and 2018. It has also slashed, by €128m, Irish Water’s request of €1.53bn for operating costs, to just under €1.4bn.
In a consultation paper issued yesterday, the CER said it was seeking to protect Irish Water customers by ensuring it only recovers efficient costs while delivering necessary improvements in service and performance.
“The CER is proposing to allow Irish Water a total revenue of €1.852bn (2015 prices) to fund capital investments and operations for the years 2017 to 2018. This represents a saving of €156m against Irish Water’s request to the CER,” said the commission.
