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Progress on All Ireland Energy market welcomed

10 June, 2005


Sinn Féin Economy Spokesperson, party General Secretary Mitchel McLaughlin has welcomed the signing of a joint Memorandum between the two Transmission System Operators on the island - ESB National Grid in the 26 counties and the System Operator in the 6 Counties, agreeing to establish a single all-Ireland energy transmission operator.

Mr McLaughlin said:

"This is a very positive next step in the creation of a single all-Ireland energy market.

"The creation of a single all-Ireland energy market is gathering momentum. It has the potential to deliver real gains for small and medium enterprises and industry as well as being an important element in the battle to eradicate fuel poverty.

"The key targets need to prioritise reducing energy costs and the related issues of interconnection and access. These are vital if we are to achieve an energy market that is secure, diverse, efficient and environmentally sustainable and that can deliver real gains by significantly reducing cost.

"The establishment a single transmission operator is central to the development of an all-island electricity market capable of delivering choice and competitive prices to consumers.

"There is a need for a much more proactive approach to the development of an all-island energy strategy to ensure that there are no problems in meeting the 2007 July 1st deadline for start of the single electricity market." ENDS

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