The 2003 IEA in-depth review of the energy policies of Ireland was undertaken by a team of energy policy specialists drawn from the member countries of the IEA. The review process occurs every four years and comprises a critical assessment of the country's performance against the IEA's shared goals evaluation criteria, which include energy efficiency, flexibility, open markets and environmental sustainability.
I welcome the report particularly as it highlights the fact that Ireland has made excellent progress on market reform in the electricity and natural gas sectors and this ultimately will encourage the growth of a cheaper, more secure energy sector. However, the review also shows that further efforts are needed to deliver more comprehensive market reform in electricity by ensuring the unimpeded entry of new competitors and in addressing the dominance of the incumbent utility. Achieving market reform, energy security and climate change mitigation simultaneously is also a major challenge.
This review, which offers an independent, outside perspective on Irish energy policy, will be a valuable resource, contributing an expert, objective view which will make a significant contribution to ongoing policy formulation in the energy sector.