The Irish Energy Regulators announced on Tuesday that they have commenced the transition to the Single Electricity Market {S.E.M.} for wholesale electricity trading across Ireland.
Active trading of two to three billion Euro is expected in the New Ireland wide electricity market from November the 1st.
The Minister for Communications, Energy and Natural Resources Mr Eamon Ryan and his Northern counterpart Energy Minister Mr. Nigel Dodds MLA MP welcomed the Energy Regulators announcement of a single wholesale electricity market.
Minister Ryan said "This is an excellent example of cross border cooperation which will enhance the competitive energy environment North and South and will work to the benefit of enterprise and customers. "
"I will be pressing ahead to deliver on the Government's plans to bring about structural change in the Irish electricity sector which will further underpin the Single Electricity market and the EU Internal Energy Market.""
Minister Dodds said in a press statement: "This project is at the leading edge of the European Union's integration of national energy markets."
The development of the Single Electricity Market is on an all island basis.
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