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21/07/2003
MP welcomes cross-border electricity agreement
East Antrim MP Roy Beggs has welcomed the electricity agreement between Northern Ireland Electricity (NIE) and benefactors in the Republic of Ireland.
The three-year deal will see Premier Power’s Ballylumford Power Station near Larne supply its 170 Megawatts of electricity to the Electricity Supply Board in the south.
The MP said: “This cross border trading in electricity will require the retention in operation of one of the existing older units at Ballylumford Power Station and will secure fifteen jobs which is excellent news.
"Electricity customers in Northern Ireland will benefit from the income earned from electricity exports to the Republic of Ireland and should at last start to experience reductions in the their electricity bills which will be a direct result of increased competition in energy markets.”
The agreement, with an option to extend to another three years, represents a landmark in North South energy trade and is the first of its kind for a major capacity export from Northern Ireland to the Republic of Ireland.
Ian Pearson, NIO Minister for Enterprise, Trade and Investment, described the deal as a milestone on the road to an all-island energy market.
(MB)
The three-year deal will see Premier Power’s Ballylumford Power Station near Larne supply its 170 Megawatts of electricity to the Electricity Supply Board in the south.
The MP said: “This cross border trading in electricity will require the retention in operation of one of the existing older units at Ballylumford Power Station and will secure fifteen jobs which is excellent news.
"Electricity customers in Northern Ireland will benefit from the income earned from electricity exports to the Republic of Ireland and should at last start to experience reductions in the their electricity bills which will be a direct result of increased competition in energy markets.”
The agreement, with an option to extend to another three years, represents a landmark in North South energy trade and is the first of its kind for a major capacity export from Northern Ireland to the Republic of Ireland.
Ian Pearson, NIO Minister for Enterprise, Trade and Investment, described the deal as a milestone on the road to an all-island energy market.
(MB)
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Northern Ireland WeatherThis Evening and Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
