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

I will get additional information for the Deputy. I am aware that work has been ongoing in increasing capacity in order to have the oil storage onshore. We have good contracts to ensure the stores are accessible wherever they are held.

On the potential crash-out and the WTO rules becoming the rules, this is a market where there are very low tariffs and these are within the WTO rules. These tariffs would not be decided at random. They would be the fallback and, as I have said, they are 0% in electricity and very small tariffs in gas. It is not like the agricultural sector, which would face very big obstacles to trade under WTO rules.

The main area in which we need to take action, which is included in the omnibus legislation that the Tánaiste will bring through, is in ensuring that Ireland continues to comply with all European Union regulations around the electricity market. This is where we need to take certain reserve capabilities for the CRU to ensure we can be compliant. That will be included in the legislation that is due to be published in the near future.

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