Oireachtas Joint and Select Committees

Tuesday, 22 March 2022

Joint Oireachtas Committee on Climate Action

Energy - Ambition and Challenge: Discussion (Resumed)

Photo of Richard BrutonRichard Bruton (Dublin Bay North, Fine Gael)
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It is not surprising that I come from a rather different perspective. In this uncertain world, when we are trying to cope with extreme contingencies and when there are uncertainties around big, upfront costs as well as infant technologies, it is extremely important we design the market well.

I have heard from nearly everyone who spoke that the market is poorly designed to deliver what we need. Having listened to the witnesses, I still struggle to understand what recommendation we should be making to the market designers, if you like. I am hearing we need better incentives for batteries, demand management, data centres and offshore floating wind and that there should be more rewards for these different providers. What are the guiding principles for the market design changes that are being sought? I heard that Australia provides us with a good model on demand management. Will the witnesses give the committee a little bit more guidance as opposed to just saying that battery can solve a lot more than it is doing now? What are the principles of changed market design we should now be advocating?