Oireachtas Joint and Select Committees

Tuesday, 18 February 2014

Joint Oireachtas Committee on Environment, Culture and the Gaeltacht

Electricity Generation and Export: Discussion

5:05 pm

Mr. Gabriel D'Arcy:

I echo much of what Mr. Cowhig stated. The current investment is being made off the balance sheets of the respective companies. Will it fall back on taxpayers? Obviously, once an intergovernmental agreement is signed and subsequently backed by sovereign states, the sovereign states must deliver on requirements set out under that agreement. In that sense, there could potentially be exposure if the sovereign states do not follow through on whatever intergovernmental agreement may or may not be put in place.

As for the costs to taxpayers arising from subsidies for wind energy generation versus fossil fuels, Mr. Reilly may wish to comment.