McLaughlin welcomes Proposed ESB purchase of NIE
Sinn Féin Economy Spokesperson, Mitchel McLaughlin MLA (South Antrim) welcoming proposals by ESB to purchase NIE Transmission and Distribution (T&D) facilities said that he believes it could benefit consumers throughout Ireland.
Mr. McLaughlin said:
"This is a welcome and progressive move that I believe will help deliver more affordable energy prices to consumers across the island. The introduction of the all-Ireland Single Electricity Market (SEM) in 2007 enabled all energy generators on the island to contribute to a single pool which provided opportunities for more efficient business planning and corporate savings. I believe that ESB's acquisition of NIE's Transmission and Distribution (T&D) will provide opportunities to harmonise and curtail energy prices.
"The benefits to consumers of one energy T&D provider are obvious. It will assist in all-Ireland harmonisation and should deliver efficiencies through elimination of duplication of resources resulting in lower energy prices to consumers.
“I believe that in recent years the Energy sector has demonstrated through its collaborative approach that it can deliver benefits for consumers throughout the island. Perhaps the purchase of NIE’s T&D is an opportune time to consider establishing a common remit for utility regulators North & South or even amalgamating the two offices.”