Richard Bruton (Dublin Bay North, Fine Gael) | Oireachtas source

The National Oil Reserves Agency.

As for electricity, in October 2018, after more than six years of work by Departments, regulators, the transmission systems operators, market participants and stakeholders, the new wholesale electricity market has been established. Legislation underpinning this was amended in Ireland and Northern Ireland. The legislation is contained in sections 7 and 8 of the Energy Act 2016. The position of Northern Ireland, including with regard to the single electricity market, remains a priority for the EU, Ireland and the UK. We are working to maintain the beneficial structures of the all-island single electricity market whatever the outcome of Brexit.

As one of the elements in the whole-of-Government initiative, I will be introducing some powers to ensure that the CRU has sufficient powers to ensure Ireland's compliance with the EU energy market requirements in the event of a UK withdrawal.

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