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

First, it is intended to publish the Dermot McCarthy review in conjunction with the energy security review. It was decided to put back that publication at that time because it is appropriate that his work complements the other work that is being done.

In terms of lessons, there are lessons to be learned from that. One of the things to recognise is that the development of the new capacity auction system was among the first examples of how European legislation approached this. It was only in 2017 and 2018 that the approach that was outlined by Europe was agreed. This was the first iteration. It was useful and we have to learn from that. There are technical examples. A learning may be, for example, how tolerant would one be in the area of security or of a loss of load. Going from memory, our figure was something like eight hours per annum, whereas some other neighbouring jurisdictions had lower. We will look at that as an example of how willing we should be or what sort of parameters we should set in terms of security. The wider sense is that we did not pay sufficient attention to potential security problems. We will have to provide additional investment to make sure that in future we do not see a repeat of that possibility.

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