The Commission for Energy Regulation continues to monitor security of supply and has initiated a number of positive actions to redress postulated generation capacity shortfalls in the short-term and the medium to longer term. Short-term measures put in place for the coming winter include the implementation by ESB National Grid of a demand side management programme and increased imports of 167 MW of electricity from Northern Ireland, contracted on a priority basis to meet customer demand here until 30 June 2005, with possible extension to autumn 2006. In addition, ESB has purchased 104 MW of additional peaking capacity, which will be operational from 1 January 2004.
As to the capacity deficit in the medium to longer term, the CER recently announced the two preferred bidders in the competition it is running to facilitate the introduction of new generating plant, with a combined generating capacity of over 500 MW. Additionally, ESB is currently undertaking a significant networks investment programme, of some €4 billion up to 2007, to bring the transmission and distribution systems up to required international standards and to meet projected capacity demand requirements. The programme is being delivered within the planned timeframe and budget.
As demonstrated by recent international blackout events, no electricity power system can be fully protected from all eventualities. However, I am advised that the transmission system operator, TSO, has in place specific plans to deal with any incident quickly and effectively, whereby supply is matched to demand.