The CRU has today, 28 August 2020, published an Information Paper on the Electricity Transmission Network Allowed Revenues for 2021 and the associated Demand Transmission Use of System (D-TUoS) tariffs for the 2020/2021 tariff year.
This information paper sets out the update to the Allowed Revenues that the transmission network companies, EirGrid (TSO) and ESB Networks (TAO), may recover during the calendar year 2021. These revenues are required for the efficient operation and maintenance of the electricity transmission system to ensure that the network delivers a reliable supply for the consumers.
Furthermore, the paper sets out the CRU’s decision on the associated Demand Transmission Use of System (TUoS) tariffs that will apply to demand customers from 01 October 2020 to 30 September 2021.
The new DTUoS tariffs will on average increase 2.6% for a typical domestic customer in October 2020. This will cause an average impact of €2.32 increase on a typical electricity bill across the year. The D-TUoS tariffs are charged to suppliers, who may choose how, or whether, to pass them on to their customers.
If no other elements of the bill changed, the combined transmission and distribution adjustments will result in the average residential customer’s annual bill rising by c. €29 from October 2020. However, customer’s annual bills depend, on other factors, such as wholesale market costs (which are in turn driven by factors such as international commodity prices), capacity market costs and other system costs.