The CRU has today, 11 February 2022, published a Decision Paper on a Cost Recovery Model in respect of the Celtic Interconnector. The CRU has decided to grant EirGrid a fully regulated regulatory model consisting of two phases:
Phase 1 – Pre- Operational (i.e. developments & construction)
Phase 2 – Operational.
The CRU’s Cost Recovery Model strikes an appropriate balance between ensuring adequate protection for electricity customers during both phases of the project, while also allowing EirGrid to progress to secure finance for the project.
Full details of the regulatory model are described in the decision paper.
