EirGrid was established under Irish and European laws including the European Communities (Internal Market in Electricity) Regulations, 2000, to enable competition in the Irish power sector It took over operation of the National Power System on July 1, 2006. While the ESB currently holds ownership of the physical assets, a Government white paper on energy policy proposes transferring ownership of the transmission assets to EirGrid in order to encourage competition and benefit consumers. This has been backed up by a commitment in the Government's Framework for Economic Recovery and a statement by former Minister Eamon Ryan that he is establishing a process for this transfer.
The transmission assets constitute 6,500 km of overhead line and underground cable, as well as over 100 bulk substations. The system's significance for competition is that most large independent generators connect to the transmission system and utilise it to transport... Read More