The Commission for Regulation of Utilities , which is required to sign off on expenditure at utility companies, said Irish Water will be allowed to spend €4.5 billion, €784 million than had originally been sought, but €308 million less than had been requested by the utility.
Since the CRU started regulating Irish Water in 2014, costs have been reviewed and spending permitted through short-term controls. In 2018, the utility submitted plans covering capital costs for the period 2020 to 2024. Irish Water had requested that it be allowed to make capital expenditure of €4.8 billion. But the CRU found that the utility could deliver its plans more efficiently, and awarded €308 million less than had been requested.Among the outcomes Irish Water intends to achieve over the coming period is the provision of a reliable service to remove and treat wastewater and the security of water supply.
“While this is still €308 million less than that requested by Irish Water for the five year period, the CRU believes, following its review the total amount allowed, €4.5 billion is appropriate and ensures that Irish Water is challenged to deliver for the customer at the most efficient cost possible,” said CRU chairwoman Aoife McEvilly.
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