Offshore wind and grid upgrades
Deputy Carroll MacNeill argued that wind power is already reducing electricity prices and said offshore wind and grid investment are essential for energy security. The Minister agreed, stressing the need for major transmission upgrades and new cables to bring offshore power ashore and support electric vehicles and heat pumps.
The impact of wind energy on energy prices is clear. We see that this month with the wholesale energy cost rising to €181 per MWh but going down to as low as €90 per MWh when the wind is at its strongest and up to €232 per MWh when there was no wind. Some 30% of Ireland's electricity up to June of this year has been created by wind - up 6% on last year. However, it is not enough, either from a climate perspective or an energy security perspective. I have heard the Minister talk about the benefit of energy security and the wind opportunity on at least two occasions today, particularly offshore wind energy and the floating wind energy that is possible, but there is not enough visibly happening in relation to it. The grid is not strong enough at this point to be able to accommodate either our additional ambition or our need. It is not clear that we have the capacity to rapidly progress grid offers as they come in. We were supposed to have offshore auctions. I accept Covid happened but we were supposed to have them in 2021. There were supposed to be three this year. There may be two later this year. I am not sure we are seeing delivery from the Department that gives the grid the capacity to be able to capture the energy available to us, which the Minister spoke about today.
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This will be a huge issue for our constituencies-----
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That is why I am raising it.
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-----not only in the development of the offshore wind within view of our shores but also in one of the most important projects EirGrid has, which is effectively the complete redevelopment of the electricity transmission grid in Dublin. That project would likely bring offshore wind energy ashore in Carrickmines, in Poolbeg and on the northside. Not only that, but we will need new transmission cables underground - they will have to be put in - to give the sort of grid we will need, not only to manage the offshore power but to make sure our electric vehicles and heat pumps can function and Dublin can function as a low-carbon electrified city. EirGrid has that as one of its top first priorities. It will be going to public consultation. I suggest the Deputy engage directly with it-----
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-----to look at the specific plans. It is important, not only in terms of how we get offshore wind energy ashore but in how we power our economy and our homes.
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Basically, that is the first key development.