The CRU has today, 8 July 2022, published a consultation paper on the Irish Water Revenue Control 3 (RC3) interim review.
This review will explore the relevant inflationary parameters which may contribute to a revenue deficit for Irish Water across both operational and capital expenditure over the RC3 control period. This review will determine if a revision to the allowed revenue is merited, over what period, and will also consider options for how this shortfall could be funded from within the existing framework.
The CRU is seeking stakeholder views on a number of proposed options for inflationary adjustment. The CRU is also seeking the views of stakeholders on a proposal to release previously ringfenced funding to be used more broadly across the portfolio to absorb the impact of inflationary pressure.