ECS 05/2020 Addendum to the Final Determination (ECS 74/2019)

In a Final Determination (ECS 74/2019[1]) issued 24 December 2019 the Utilities Regulation and Competition Authority (“URCA”) explained that it was not, at the time, in a position to give a definitive view on the appropriate approach for setting forward-looking wholesale charges. URCA noted that, given the significant time and financial implications of any decision for the stakeholders involved, URCA would make a decision on forward-looking rates at a later date and publish this in a separate document. In so doing, URCA noted that the interim rates set in ECS 74/2019 were not affected by the choice of methodology for setting termination rates going forward and introduced those interim rates immediately upon publication of ECS 74/2019.