Following today’s announcement that the Department for Infrastructure has given the go-ahead for the construction of the second north-south electricity interconnector, Utility Regulator Chief Executive, Jenny Pyper, commented:
“I very much welcome today’s announcement by the Department for Infrastructure which paves the way for the construction of the much needed second north-south electricity connector.
“While a significant period of time has elapsed since the original planning application, today’s decision represents a double boost for local energy consumers. As a critical piece of energy infrastructure it will safeguard our long-term security of supply as well as making a positive impact on consumer bills. Consumers are currently paying around £20 million per annum because of absence of the north south interconnector and the resulting limitations on the flow of electricity.
“Access to a second interconnector will also allow us to maximise the benefits of the cross border ISEM wholesale electricity market which is due to go live in May. This means that as well as security of supply benefits, we will be able to make best use of the lowest cost generation on the island of Ireland.
“We have been working with NIE Networks and SONI to ensure that, should planning permission be given, the project to construct the interconnector can move forward as efficiently as possible”.
For further information, please contact Adele Boyle on 028 9031 6664 or 07787 279584.
Notes:
- Delivery of the interconnector is estimated to reduce network constraint costs across the all-island market by around £20m per annum by 2020 and by around £40m per annum in 2030.