Security of energy supply is crucial to Ireland’s attractiveness as a place for enterprise investment, job creation and a place to do business. A well-functioning energy sector is also critical to maintaining adequate living conditions and to the overall functioning of Ireland’s economy and society.

This NCPC Bulletin examines the current challenges faced by Ireland’s energy system. These have potentially significant implications for Ireland’s operating environment, particularly for energy intensive businesses, and Ireland’s international reputation as a location for Foreign Direct Investment. The recent Russian invasion of Ukraine has further highlighted the vulnerabilities for countries dependent on energy imports to disruptions in global energy markets.

To meet growing demand for energy in Ireland and address increased supply uncertainty, the Council believes that there should be an urgent focus on projects to help diversify energy supply sources and invest in upgrading our electricity infrastructure. Furthermore, it is crucial that policies to enhance energy security align with the targets set out in the Climate Action Plan 2021 to facilitate Ireland’s transition to a low carbon economy.

The bulletin can be accessed here.

The accompanying press release is available here.