Responsibility for the regulation of the electricity market is a matter for the Commission for Regulation of Utilities, CRU, an independent regulator accountable to a committee of the Oireachtas and not to me as Minister. The CRU was assigned responsibility for the regulation of the electricity sector following the enactment of the Electricity Regulation Act 1999 and subsequent legislation. The CRU is responsible for, inter alia, the economic regulation of the electricity system operators: ESB Networks, for distribution; and EirGrid, for transmission. The cost of building, safely operating and maintaining the electricity system is recovered by system operators through charges on customers, all of which is overseen and agreed with the CRU. System operator spending is agreed with the CRU in five-year cycles, referred to as price reviews.
The North-South interconnector is a transmission project being undertaken by EirGrid. The Government does not have any role in the delivery of electricity infrastructure on the ground. This is consistent with the 2012 Government Policy Statement on the Strategic Importance of Transmission and Other Energy Infrastructure, which states, "The Government does not seek to direct EirGrid and ESB Networks or other energy infrastructure developers to particular sites or routes or technologies." It is for the system operators to determine the means of delivery of infrastructure, and in doing so, they seek to work in close collaboration with landowners and stakeholders.
The North-South interconnector is an essential infrastructure project that will link the electricity transmission networks of Ireland and Northern Ireland, leading to a more secure, affordable and sustainable supply of electricity throughout the island. It will facilitate the connection of 900 MW of renewable generation, enough to power 600,000 homes through green energy.
As Minister, I have operated within the regulatory and policy framework regarding the delivery of electricity infrastructure and have not had meetings with community groups about the project. However, EirGrid has engaged, and will continue to do so, with the local communities affected by the development of the North-South interconnector, as well as continuing to engage with the elected representatives of those communities.