503 Deputy Noel Harrington asked the Minister for Communications, Energy and Natural Resources if he will provide more detail on his decision to allow AER VI projects to terminate their 15 year power purchase agreements after the seven and a half years of bonus payments when those companies who eagerly and willingly entered a binding 15 year AER VI power purchase agreement and will have received millions of euro through the 35% front loading mechanism from the PSO fund will now be allowed to terminate their contracts when they should be contributing millions of euro to the PSO fund; if he believes this AER VI decision will deprive electricity consumers of the millions of euro when these contracted companies should be contributing to the PSO fund during the seven and a half year clawback period thus increasing the PSO levy burden on consumers; if he will confirm and clarify if it is the European Commission or he who decided to allow AER VI contracts to be terminated without any repayment to the PSO fund of the 35% bonus; and if he will make a statement on the matter. [1488/12]

Summary

503 Deputy Noel Harrington asked the Minister for Communications, Energy and Natural Resources if he will provide more detail on his decision to allow AER VI projects to terminate their 15 year power purchase agreements after the seven and a half years of bonus payments when those companies who eagerly and willingly entered a binding 15 year AER VI power purchase agreement and will have received millions of euro through the 35% front loading mechanism from the PSO fund will now be allowed to terminate their contracts when they should be contributing millions of euro to the PSO fund; if he believes this AER VI decision will deprive electricity consumers of the millions of euro when these contracted companies should be contributing to the PSO fund during the seven and a half year clawback period thus increasing the PSO levy burden on consumers; if he will confirm and clarify if it is the European Commission or he who decided to allow AER VI contracts to be terminated without any repayment to the PSO fund of the 35% bonus; and if he will make a statement on the matter. [1488/12]

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Timeline

1. 11 January 2012

   Alternative Energy Projects

   503 Deputy Noel Harrington asked the Minister for Communications, Energy and Natural Resources if he will provide more detail on his decision to allow AER VI projects to terminate their 15 year power purchase agreements after the seven and a half years of bonus payments when those companies who eagerly and willingly entered a binding 15 year AER VI power purchase agreement and will have received millions of euro through the 35% front loading mechanism from the PSO fund will now be allowed to terminate their contracts when they should be contributing millions of euro to the PSO fund; if he believes this AER VI decision will deprive electricity consumers of the millions of euro when these contracted companies should be contributing to the PSO fund during the seven and a half year clawback period thus increasing the PSO levy burden on consumers; if he will confirm and clarify if it is the European Commission or he who decided to allow AER VI contracts to be terminated without any repayment to the PSO fund of the 35% bonus; and if he will make a statement on the matter. [1488/12]

   Source: written

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• Alternative Energy Projects

  xml · EN · 11 January 2012

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• Noel Harrington · Asking member
• Minister for Communications, Energy and Natural Resources · Minister for Communications, Energy and Natural Resources · Addressed to

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