Eirgrid, Electricity and Turf (Amendment) Act 2022

/static/images/base/harp.jpg


Number 17 of 2022


EIRGRID, ELECTRICITY AND TURF (AMENDMENT) ACT 2022


CONTENTS

Section

1. Interpretation

2. Expenses

3. Urgent measures taken pursuant to direction of Commission

4. Sale and transfer by EirGrid of electricity generation plant to electricity generators for specified purpose

5. Consequences of measures taken pursuant to direction of Commission

6. State aid

7. Financial support for specified purpose

8. Reporting by EirGrid to Commission

9. Further measures for specified purpose

10. Order to extend effect of direction or measure

11. Amendment of section 6 of Electricity Regulation (Amendment) (EirGrid) Act 2008

12. Amendment of Act of 1999

13. Amendment of section 22(1) of Turf Development Act 1998

14. Short title, commencement and collective citation


Acts Referred to

Companies Act 2014 (No. 38)

Electricity Regulation (Amendment) (EirGrid) Act 2008 (No. 11)

Electricity Regulation Act 1999 (No. 23)

European Communities Act 1972 (No. 27)

Turf Development Act 1998 (No. 26)

/static/images/base/harp.jpg


Number 17 of 2022


EIRGRID, ELECTRICITY AND TURF (AMENDMENT) ACT 2022


An Act to provide for certain measures that may be taken pursuant to a direction of the Commission for Regulation of Utilities to provide for emergency measures for the purpose of ensuring and protecting security of supply of electricity; to provide for the giving of financial support by the Minister for the Environment, Climate and Communications to EirGrid to enable EirGrid to take certain measures, including acquiring electricity generation plant pursuant to a direction; to provide for the purchase by EirGrid of electricity generation plant; to provide for EirGrid entering into agreements with electricity generators in relation to electricity generation plant; to increase the amount of money that EirGrid may borrow and for that purpose to amend the Electricity Regulation (Amendment) (Eirgrid) Act 2008 ; to amend the Electricity Regulation Act 1999 to provide for payments to final customers of certain benefits relating to compliance with a public service obligation; to increase the amount of money that Bord na Móna may borrow and for that purpose to amend the Turf Development Act 1998 ; and to provide for related matters.

[7th July, 2022]

Be it enacted by the Oireachtas as follows: