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Need for transparency around new electricity supply - Flanagan
Published: 11 November, 2014
Sinn Féin MLA Phil Flanagan has said that the Utility Regulator needs to urgently provide clarity on the cost implications of the addition of new electricity supply.
Speaking today, Mr Flanagan, who is the Deputy Chair of the Enterprise, Trade & Investment Commitment, said:
"The announcement last week by SONI that it has awarded a contract to supply additional electricity capacity to AES raises as many questions as it answers. "We have yet to be told how AES will provide the additional capacity and we have no information on how much this will cost.
"Many people with an active interest in the electricity industry are alarmed that despite this announcement, the Utility Regulator has yet to provide the detail on the cost implications of this decision.
"During question time yesterday, the Enterprise Minister Arlene Foster told me that she suspects the cost will be 'around £5 per annum on average to the domestic bill.' But the question then arises, what does this mean for large energy users?
"This level of guesstimation is unacceptable. It is not good enough that we have announcements from SONI or AES on substantial amounts of new electricity supply with no details of the cost.
"I raised this matter at today's Enterprise, Trade & Investment Committee meeting and we agreed to request this information from the Utility Regulator. We need to find out as a matter of urgency what the cost implications of this investment will be." CRÍOCH/END
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