My Department is undertaking a review of the security of supply of Ireland’s electricity and natural gas systems. The review is focused on the period to 2030, but in the context of ensuring a sustainable transition up to 2050. The review is considering the risks to both natural gas and electricity supplies, and a range of measures, including the need for additional capacity of indigenous renewable energy but also to import energy, energy storage, fuel diversification and renewable gases (such as hydrogen). Detailed research has been carried out to inform this review. As part of the review my Department carried out a consultation seeking views from interested parties on policy measures that could be implemented to support Ireland’s security of supply framework. The consultation closed on Friday, 28 October and over 400 responses have been received.
The completion of the review is a key priority. I will bring my security of energy supply recommendations to Government once the review process has been completed.