Business Irish

Saturday 21 October 2017

Eirgrid hits back after regulator queries its higher staff costs

The CER published a consultation paper on Eigrid and ESB's revenue levels from 2016 to 2020.
The CER published a consultation paper on Eigrid and ESB's revenue levels from 2016 to 2020.
Peter Flanagan

Peter Flanagan

The State's electricity transmission business Eirgrid has rejected criticism of its staff costs from the Commission for Energy Regulation (CER).

The CER published a consultation paper on Eigrid and ESB's revenue levels from 2016 to 2020.

In the paper, the CER highlighted that Eirgrid's staff costs had spiked by more than €16m in the last five years to more than €134m compared to an allowance of €118.6m.

However Eirgrid defended its staff levels and pay yesterday.

In a statement, the semi-State said "continues to reform its business to ensure it operates efficiently" in line with what is required by the regulator.

"EirGrid increased its staff headcount during the period but reduced expenditure on contractors and professional fees which resulted in an overall cost reductions.

"This meant that EirGrid's overall staff costs were below the CER allowance.

"Staff costs were independently benchmarked by CER," Eirgrid added.

Irish Independent

Also in Business