I-SEM electricity charge
Deputy Mattie McGrath, after welcoming visitors, queried a mysterious electricity-related charge linked to I-SEM and asked the Taoiseach to identify it. The Taoiseach spoke instead about wider cost-of-living pressures and a €750 million package, while the Deputy repeatedly pressed him to answer the specific question.
Ar an gcéad dul síos, I welcome the students and teachers from Coláiste Dún Iascaigh in Cahir, including Ms McGrath and Ms Hickey, to the Public Gallery.
In 2021, I asked the Taoiseach a question here about a new business charge that had been put in called the integrated single electricity market, I-SEM. He told me that he did not know what it was. At that time, I saw a bill from an excellent businessman, whom I have spoken to again today. There was a huge increase in his bill. Has the Taoiseach found out what this is? It is supposed to be looking after the integrated market, North and South, but charges and prices have only gone up since the introduction of this new body or whatever it is. Is it a body? Does it have offices? Does it have staff? Who or what is it? This is another charge that businesspeople cannot afford. At that time, the Government had the small cost-of-business grant at €250 million. That is now gone. Prices are going up incrementally every day and have been even before the war in Iran. This is another quango as far as I can see. The Taoiseach did not know then what it was. I hope he does now. He was Tánaiste then; he is Taoiseach now. I hope he has checked out what or who I-SEM is rather than robbing people, including businesspeople.
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I accept fully that there are cost-of-living pressures on families and individuals arising significantly now from the war in Iran, which has-----
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-----resulted in a 20% contraction in oil supplies and a dramatic escalation in oil prices. That is very worrying in terms of its potential impact on the world economy for the rest of the year. Hopefully, that war can end as quickly as possible. In the meantime, we have announced, as the Deputy knows, a €750 million package-----
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Freagair an cheist. Who are I-SEM?
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-----trying to alleviate the pressures on families. I will have to get a look at the bill the Deputy referred to because I did not quite catch the name-----
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The Taoiseach told me that a few years ago.