Second French interconnector could bring down energy costs, says Irish think tank

The Celtic interconnector will be a subsea link facilitating the exchange of electricity between Ireland and France. Photograph: iStockEirGrid, the Irish electricity grid operator, should propose the development of a second interconnector between Ireland and France to manage security of supply and to help keep consumer prices down, the Institute of International and European Affairs has argued.

“The short-term measures announced by the Government to tackle energy price inflation, while necessary, are a sticking plaster to cover the wound that resulted from structural issues and can only realistically provide short-term relief,” it says. “Electricity interconnectors can flow in both import and export directions,” the paper says. “This helps to lower the long-term costs of electricity for the consumer.

Importing nuclear energy. An Irish solution to an Irish problem.

Nonsense. Ireland will become a wind farm for Europe

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Irish shoppers paying more for Irish goods than in UKSeen & Heard: Meta’s energy hungry data centre; tax bill for pension at 66; and gas rationing fears RIP-off republic alive and well. Otherwise known as price gouging. Irish pay more for almost everything It's a high cost country Individuals pay high rates of taxation Unless rich or big corp of course Perhaps show breakdown comparison of earnings v net pay, doc fees, health costs, car costs (vrt?) to highlight gov policy [ waits for lame excuses ]
Source: IrishTimesBiz - 🏆 6. / 77 Read more »