EirGrid
 |
|
| Public limited company | |
| Industry | Electricity |
| Founded | 6 January 2006 |
| Headquarters | Dublin, Ireland |
|
Key people
|
Fintan Slye (Chief Executive) John O'Connor (Chairperson) |
| Services | Electricity market operator |
| Owner | Irish Government |
|
Number of employees
|
approx. 250 |
| Website | www |
EirGrid plc is the state-owned electric power transmission operator in Ireland. It is a public limited company registered under the Companies Acts; its shares are held by the Minister for Communications, Energy and Natural Resources. It is one of a number of Irish state-sponsored bodies and is regulated by the Commission for Energy Regulation.
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. ESB (the Electricity Supply Board) currently holds ownership of the physical assets.
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 their power to all regions. EirGrid also operates the wholesale power market.
EirGrid's primary purposes are the daily management of the Irish national grid, the operation of the wholesale power market, and the development of high voltage infrastructure to serve Ireland's economy. The high voltage transmission system has been likened to "motorways for power" or "broadband power" providing electricity in high quality and in bulk to all regions. Transmission is seen as a key factor in facilitating inward investment by bodies like the Industrial Development Authority (IDA) and the development body Forfas. It is also seen as critical to increased renewable energy by organisations like Sustainable Energy Ireland (SEI) and the Irish Wind Energy Association (IWEA). EirGrid is currently developing a large number of major transmission projects. It is working with the regulator in line with Irish Government policy to develop a second major transmission line to Northern Ireland. The 500 MW East–West Interconnector linking the Irish power system to Great Britain was commissioned in 2012. EirGrid will own that interconnector after it is developed, under the Irish Government decision.
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Wikipedia