Electricity Costs (Emergency Measures) Domestic Accounts Act 2023
AI-assisted research summary: This Act sets up two electricity support schemes, gives functions to the Minister, the distribution system operator, electricity suppliers, and the Commission for Regulation of Utilities, and says the payments are exempt from income tax.
Electricity Costs (Emergency Measures) Domestic Accounts Act 2023 Permanent Page URL View by Section Amharc de réir Ailt View Full Act Amharc ar an Acht Iomlán Bill History Stair Bille Commencement, Amendments, SIs made under the Act Tosach Feidhme, Leasuithe, IRà arna ndéanamh faoin Acht Open PDF Oscail PDF Priontáil an tAcht Iomlán Previous Section Alt Roimhe Next Section An Chéad Alt Eile Priontáil an tAlt 29 2023 ELECTRICITY COSTS (EMERGENCY MEASURES) DOMESTIC ACCOUNTS ACT 2023 1. Definitions 2. Establishment of No. III Scheme 3. Transfer of monies by Minister to distribution system operator for purposes of No. III Scheme 4. Functions of distribution system operator in relation to No. III Scheme 5. Functions of electricity suppliers in relation to No. III Scheme 6. Review by electricity supplier 7. Establishment of Submeter Support Scheme 8. Transfer of monies by Minister to electricity suppliers for purposes of Submeter Support Scheme 9. Functions of electricity suppliers in relation to Submeter Support Scheme 10. Functions of Commission in relation to Electricity Costs Emergency Benefit Scheme III and Submeter Support Scheme 11. Exemption in respect of electricity costs emergency benefit payment and submeter support scheme payment 12. Regulations 13. Expenses 14. Reporting 15. Short title and commencement Electricity Regulation Act 1999 (No. 23) Taxes Consolidation Act 1997 (No. 39) 29 2023 ELECTRICITY COSTS (EMERGENCY MEASURES) DOMESTIC ACCOUNTS ACT 2023 An Act to provide, due to the continued high cost of global energy prices since the completion of payments under the Electricity Costs Emergency Benefit Scheme II, for the establishment of further schemes in accordance with this Act out of resources available to the Minister for the Environment, Climate and Communications, to be known as the Electricity Costs Emergency Benefit Scheme III for the purpose of making further electricity costs emergency benefit payments during the period commencing on the date of the passing of this Act and ending on 30 June 2024 and to be known as the Submeter Support Scheme for the purpose of making submeter support scheme payments during the period commencing on the date of the passing of this Act and ending on 30 June 2024; for the purpose of the Electricity Costs Emergency Benefit Scheme III to confer functions on the distribution system operator and electricity suppliers; for the purpose of the Submeter Support Scheme to confer functions on electricity suppliers; to confer functions on the Commission for Regulation of Utilities in relation to each of the Schemes and for that purpose to amend the Electricity Regulation Act 1999 ; to provide that the electricity costs emergency benefit payments and the submeter support scheme payments are exempt from income tax and for that purpose to amend the Taxes Consolidation Act 1997 ; to enable the Minister for the Environment, Climate and Communications to make regulations in relation to the operation of the Scheme; and to provide for related matters. th November , 2023] Be it enacted by the Oireachtas as follows: