Electricity Costs (Domestic Electricity Accounts) Emergency Measures Act 2022
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Operation and administration of Scheme - functions of electricity suppliers | ||
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5. (1) For the purposes of the operation and administration of the Scheme, an electricity supplier shall— | ||
(a) receive monies transferred to it by the distribution system operator under section 4 (1)(f), | ||
(b) use monies received by it under paragraph (a) for the sole purpose of making electricity costs emergency benefit payments, | ||
(c) keep records of— | ||
(i) all monies received in accordance with paragraph (a), and | ||
(ii) all electricity costs emergency benefit payments made by it, | ||
(d) as soon as practicable, repay to the distribution system operator any monies received by it in accordance with paragraph (a) that have not been used for the purpose of making electricity costs emergency benefit payments and keep records of any such repayments, | ||
(e) perform such other functions as the Minster may, with the consent of the Minister for Public Expenditure and Reform, for the purposes of the efficient operation and administration of the Scheme, prescribe, and | ||
(f) make available to an auditor appointed by the Minister all books and records in relation to the performance by the electricity supplier of the functions conferred on it by or under this Act. | ||
(2) Where an electricity supplier receives monies in accordance with subsection (1)(a), it shall, within such period as the Minister, with the consent of the Minister for Public Expenditure and Reform, prescribes for the purposes of this subsection, credit each domestic electricity account held with it on the effective date, with a payment of €176.22 (in this Act referred to as an “electricity costs emergency benefit payment”). | ||
(3) An electricity supplier shall put in place such administrative and operational arrangements that the Commission considers necessary or expedient under section 9P(1)(a) of the Act of 1999. |