{"id":304329,"date":"2025-07-30T16:20:11","date_gmt":"2025-07-30T16:20:11","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/304329\/"},"modified":"2025-07-30T16:20:11","modified_gmt":"2025-07-30T16:20:11","slug":"executive-considering-storm-compensation-law","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/304329\/","title":{"rendered":"Executive considering storm compensation law"},"content":{"rendered":"<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Announcing the new consultation, the Economy Minister Caoimhe Archibald cautioned that a compensation scheme would have implications for all consumers.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;For example, having a smaller population than Britain, the cost of payments after a major storm would be shared among fewer people, meaning the cost to each consumer would be greater,&#8221; she said.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;The administrative costs of any scheme could potentially also be relatively high.&#8221;<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Earlier this year, <a href=\"https:\/\/www.bbc.co.uk\/news\/articles\/crrdkq17yxpo\" class=\"ssrcss-f6h2dj-InlineLink e1kn3p7n0\" target=\"_blank\" rel=\"noopener\">Archibald expressed scepticism<\/a> about any scheme which would mean higher costs overall. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The regulator&#8217;s consultation will run between October and December with recommendations due to be presented in March 2026.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;My department will then, without delay, bring forward new regulations if required in response to any changes agreed by the Executive,&#8221; Archibald said.<\/p>\n","protected":false},"excerpt":{"rendered":"Announcing the new consultation, the Economy Minister Caoimhe Archibald cautioned that a compensation scheme would have implications for&hellip;\n","protected":false},"author":2,"featured_media":304330,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5011],"tags":[1144,16,15],"class_list":{"0":"post-304329","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-northern-ireland","8":"tag-northern-ireland","9":"tag-uk","10":"tag-united-kingdom"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/304329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=304329"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/304329\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/304330"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=304329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=304329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=304329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}