Irish Water funding cut by €150m over next two years

The funds available to Irish Water for running the service over the next two years has been cut by over €150m.

The Commission for Energy Regulation (CER), the independent economic regulator of Irish Water, has refused a request for over €2bn to run the service in 2017 and 2018. It has also slashed, by €128m, Irish Water’s request of €1.53bn for operating costs, to just under €1.4bn.

In a consultation paper issued yesterday, the CER said it was seeking to protect Irish Water customers by ensuring it only recovers efficient costs while delivering necessary improvements in service and performance.