Oireachtas Joint and Select Committees

Tuesday, 4 October 2022

Joint Oireachtas Committee on Climate Action

Energy Prices: Discussion

Mr. David Vickers:

I thank the Deputy. As he has mentioned, the design of the Irish electricity market is a marginal-based market where all generation assets make their capacity available at price. The market ranks them cheapest to most expensive and the plant that is needed to meet demand sets the price for everyone. All suppliers pay it and all generators receive it. It is common to the design of electricity markets in Europe. The Deputy asked if I had done an impact assessment on decoupling the market. I have not. I have seen these proposals being made. I-----


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