Oireachtas Joint and Select Committees

Tuesday, 30 January 2024

Joint Oireachtas Committee on Climate Action

General Oversight of EirGrid: Discussion

Mr. Mark Foley:

No. The second point is that we do not believe that the capacity remuneration mechanism is fatally flawed. We believe the construct can work with the correct parameters. My evidence for that is that if the numbers had been right with respect to the prescription articulated by this committee for the most recent auction, we would have got a substantial bid and take-up by developers.