Oireachtas Joint and Select Committees

Tuesday, 30 January 2024

Joint Oireachtas Committee on Climate Action

General Oversight of EirGrid: Discussion

Mr. Mark Foley:

Yes, it is the price. The Deputy is an economist. The price has been got spectacularly wrong. In the last market, 3,300 MW qualified. Most decided not to bid because of the prescription on the price cap was too low.