05/03/2002

Committee publishes report on Energy Inquiry

The Committee for Enterprise, Trade and Investment of the Northern Ireland Assembly published its Energy Inquiry Report on Tuesday March 5.

During this inquiry the Committee explored a variety of means and methods by which the cost of generating electricity can be reduced and the various issues related to the burning of all types of fuels at power stations.

Chairperson Pat Doherty said: "When we set out on this Inquiry we did not anticipate the sheer magnitude of the task we had taken on. This was a lengthy and wide ranging inquiry. The Committee received 32 written submissions and heard 29 oral submissions from a variety of firms, agencies, voluntary groups and individuals."

The Committee will await the outcome of the Department for Enterprise, Trade and Investment’s consultation paper, titled ‘Towards a New Energy Market Strategy for Northern Ireland’, before arriving at any conclusions on the different options which could be employed to reduce high electricity prices in Northern Ireland.

Deputy Chairperson Sean Neeson said: "The Committee wants the best outcome for consumers and urges the Minister to ensure that all different options are vigorously examined and subject to full and open appraisals."

In a statement issued shortly after the report's publication Harry McCracken, Managing Director of Northern Ireland Electricity said: “Northern Ireland Electricity welcomes publication of the report and the following Assembly debate.

“While we have still to study the ETI Committee’s Energy Enquiry Report in detail the committee should be commended for the work it has done to address the many complex issues involved. Inevitably, with such a wide range of inputs and often competing points of view to examine, it is not an easy matter to establish all the facts."

Sir Reg Empey, Minister for Enterprise, Trade and Investment, said: “An efficient, competitively priced and environmentally sustainable energy industry is an essential prerequisite of a forward looking economy.”

Thanking the Committee for its work on the Report, the Minister said: “The report itself, and the views of this Assembly, are further important contributions to a process aimed at developing the Northern Ireland energy sector in the best interests of all our people.

“I will now reflect further on the report, seek the views of my Ministerial colleagues and prepare my formal response. I feel that it would be sensible if I took the additional time to incorporate into my response, where appropriate, the responses to the Department’s energy strategy consultation paper due to issue in the next few days.”

(GB)

Related Northern Ireland Business News Stories
Click here for the latest headlines.

02 August 2001
New energy committee to be created
Sir Reg Empey, Minister for Enterprise, Trade and Investment, has announced plans to create a new energy committee within an expanded General Consumer Council for Northern Ireland.
26 August 2010
NAMA Applauded At Stormont
There has been high-level support expressed for the work of the Irish Republic's National Asset Management Agency, (NAMA) and its impact on NI finances.
25 May 2011
NI Corporation Tax Amounts 'Unknown'
An Ulster Unionist politician has welcomed a new report on Corporation Tax from the Westminster Northern Ireland Affairs Committee. The influential committee has said there is a convincing case for lowering corporation tax in NI and said a reduction could boost the private sector and help innovation and exports.
27 November 2002
FSB NI welcomes cross-border fuel report
The Federation of Small Businesses (FSB) in Northern Ireland has given a warm welcome to the Northern Ireland Affairs Select Committee Report on 'Cross Border Fuel Duty Differentials'.
25 January 2005
Disclosure rules on directors' pay 'working', claims Minister
Better disclosure on directors' pay is leading to "improved dialogue" between companies and shareholders according to research published today by the Department of Trade and Industry (DTI).