Electricity Costs (Domestic Electricity Accounts) Emergency Measures Act 2022
AI-assisted research summary: This Act sets up a scheme to make a once-off electricity costs emergency benefit payment for domestic electricity accounts in 2022, and gives related functions to the Minister, the distribution system operator, electricity suppliers, and the Commission for Regulation of Utilities.
Electricity Costs (Domestic Electricity Accounts) Emergency Measures Act 2022 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 2022 ELECTRICITY COSTS (DOMESTIC ELECTRICITY ACCOUNTS) EMERGENCY MEASURES ACT 2022 1. Definitions 2. Establishment of Scheme 3. Transfer of monies by Minister to distribution system operator for purposes of Scheme 4. Operation and administration of Scheme - functions of distribution system operator 5. Operation and administration of Scheme - functions of electricity suppliers 6. Functions of Commission in relation to Scheme 7. Exemption in respect of electricity costs emergency benefit payment 8. Regulations 9. Expenses 10. Short title and commencement Electricity Regulation Act 1999 (No. 23) Taxes Consolidation Act 1997 (No. 39) 2022 ELECTRICITY COSTS (DOMESTIC ELECTRICITY ACCOUNTS) EMERGENCY MEASURES ACT 2022 An Act to make provision, due to the exceptional rise in global energy prices, for the establishment of a scheme to be known as the Electricity Costs Emergency Benefit Scheme for the purpose of making, on a once-off basis, an electricity costs emergency benefit payment in the year ending 31 December 2022 in respect of domestic electricity accounts in accordance with this Act out of resources available to the Minister for the Environment, Climate and Communications; for that purpose to confer functions on the distribution system operator and electricity suppliers; to confer functions on the Commission for Regulation of Utilities in relation to the Scheme and for that purpose to amend the Electricity Regulation Act 1999 ; to provide that electricity costs emergency benefit 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 March , 2022] Be it enacted by the Oireachtas as follows: