Oireachtas Joint and Select Committees

Tuesday, 30 August 2022

Joint Oireachtas Committee on Climate Action

Energy Supply and Security: Discussion

Photo of Eamon RyanEamon Ryan (Dublin Bay South, Green Party) | Oireachtas source

We will be there looking for support and for decoupling. Whatever decisions we make in regard to the exact mechanisms for doing that must allow us meet our immediate needs in terms of getting energy security for the Irish people, because as I heard EirGrid and the CRU rightly say today, our sole focus must be to deliver the backup generation capacity we need. Fundamentally, however, there is a flaw in the market system that the price of gas determines the price of electricity to the extent it does, and we need to change. We are probably in one of the more difficult positions because gas counts for such a large percentage of our generation portfolio. The market needs reform and we will fully support that when it comes to the Commission discussions, but we need to wait for the proposals from the Commission. This is more complex than almost any other policy area, so we need to work with the Commission to make sure we get that right.

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