Electricity Costs (Emergency Measures) Domestic Accounts Act 2024
AI-assisted research summary: This Act sets up two electricity support schemes, gives related functions to the Minister, the distribution system operator, electricity suppliers, and the Commission for Regulation of Utilities, and makes the scheme payments exempt from income tax.
Electricity Costs (Emergency Measures) Domestic Accounts Act 2024 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 33 2024 ELECTRICITY COSTS (EMERGENCY MEASURES) DOMESTIC ACCOUNTS ACT 2024 1. Definitions 2. Establishment of No. IV Scheme 3. Transfer of monies by Minister to distribution system operator for purposes of No. IV Scheme 4. Functions of distribution system operator in relation to No. IV Scheme 5. Functions of electricity suppliers in relation to No. IV Scheme 6. Review by electricity supplier 7. Establishment of Submeter Support Scheme II 8. Transfer of monies by Minister to electricity suppliers for purposes of Submeter Support Scheme II 9. Functions of electricity suppliers in relation to Submeter Support Scheme II 10. Functions of Commission in relation to Electricity Costs Emergency Benefit Scheme IV and Submeter Support Scheme II 11. Exemption in respect of payments under Electricity Costs Emergency Benefit Scheme IV and Submeter Support Scheme II 12. Regulations 13. Expenses 14. Short title and commencement Electricity Regulation Act 1999 (No. 23) Taxes Consolidation Act 1997 (No. 39) 33 2024 ELECTRICITY COSTS (EMERGENCY MEASURES) DOMESTIC ACCOUNTS ACT 2024 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 III and the Submeter Support Scheme, 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 IV 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 31 August 2025 and to be known as the Submeter Support Scheme II 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 31 August 2025; for the purpose of the Electricity Costs Emergency Benefit Scheme IV to confer functions on the distribution system operator and electricity suppliers; for the purpose of the Submeter Support Scheme II 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 Schemes; and to provide for related matters. th October , 2024] Be it enacted by the Oireachtas as follows: