Eamon Ryan (Dublin Bay South, Green Party) | Oireachtas source

Matters relating to the cost of grid investment and projects funded are operational matters for EirGrid and the Commission for Regulation of Utilities, CRU. EirGrid is the transmission system operator and its responsibilities include the appropriate development of the grid and power system to achieve our energy policy objectives and underpin economic development.  The CRU is the independent energy regulator and, through a formal price review process, it decides on appropriate spend by EirGrid on a five-year basis.

The recent price review decision by the CRU on the allowable spend on our electricity grid over the next five years signalled a significant and necessary increase in funds for grid enhancement. EirGrid already seeks to optimise the existing electricity grid to minimise the need for new infrastructure through upgrades, refurbishment or up-voltaging of existing infrastructure, where possible. However, in light of the Government's ambition to have 70% renewable electricity on the power system by 2030, and with demand profiles increasing as we continue to electrify more sectors of our economy, further investment in the power grid is required over the coming decade.

I recognise the vital role that communities across Ireland are going to play in delivering on this target. Working in collaboration with local communities to ensure that grid development is appropriately delivered will be crucial as we continue to decarbonise our energy system and wider economy. The Government takes the commitment to community engagement and acceptance seriously, as does EirGrid. In this respect, EirGrid has this week launched a detailed consultation document, entitled Shaping Ireland’s Electricity Future, which outlines innovative approaches to developing the grid to meet our ambitious 2030 renewable electricity target and reduce greenhouse gas emissions.

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