Oireachtas Joint and Select Committees
Tuesday, 15 December 2020
Select Committee on Communications, Climate Action and Environment
Renewable Energy Directive: Motions
Mr. Eamonn Confrey:
It is precisely for that reason: it is a question of supply and demand. Unfortunately, Denmark was not able to give us any more volume than 1 terawatt hour. Estonia was, but it drew a higher price. We are not the only member state that is in the market for these particular transfers.
As part of the agreements, we have purchased fixed and optional quantities. The fixed is what is before the committee today in terms of the €50 million in overall terms, but we reserve the right to purchase future optional amounts with Denmark at that lower price, should that be needed.
No comments