Oireachtas Joint and Select Committees

Wednesday, 16 July 2025

Joint Oireachtas Committee on Climate, Environment and Energy

Climate Change Targets 2026-2030: Electricity Sector

2:00 am

Mr. Nicholas Tarrant:

In terms of the overall cost for customers, from our point of view as a network company what we influence is the cost on the distribution network and an ingredient of the transmission network investment. We see in PR6 a need to grow this investment to meet the needs of communities and electrification projects such as those Deputy Cronin has mentioned, and to see wider investment to support economic and social growth in the country. Network investment is part of the overall bill. The biggest determinant on the cost of electricity in Ireland is the cost of gas. The cost of gas dictates the cost on the wholesale market which, in turn, influences overall energy costs for consumers. We saw this after the Russian invasion of Ukraine and the energy crisis.

Comments

No comments

Log in or join to post a public comment.