Ireland’s energy regulator has outlined a €14 billion investment programme for the transmission and distribution networks between 2026 and 2030.
The Commission for Regulation of Utilities set the figure in its draft determination for Price Review 6, now open for consultation.
The package covers spending by ESB Networks and EirGrid and could rise if the two companies meet annual delivery targets.
The regulator said the plan will connect 4.4GW of new renewable capacity, enable 1 million electric vehicles and 680 000 heat pumps, and deliver up to 5 GW of offshore wind.
About €800 million is earmarked for storm resilience and further measures will build “a smarter, more efficient energy system”, the CRU added.
EirGrid submitted its own business plan for the PR6 period against this backdrop.
Key elements include major investment in technology and people, uprates of existing lines, new overhead and underground circuits, and expanded substations.
The TSO will also assume ownership of offshore transmission assets and prepare grid and market operations for the Celtic interconnector with France.
EirGrid chief financial officer Michael Behan said PR6 is “a timely opportunity to invest in Ireland’s future” and underpins greater energy independence and security.
Stakeholders have been invited to review both the CRU draft determination and EirGrid’s plan and to make submissions during the consultation.
A final decision is expected later this year, after which EirGrid said it will deliver the 2026-2030 programme within the parameters set.