Development (Strategic Gas Reserve) Bill 2026: Committee and Remaining Stages
Seanad Éireann — 2026-07-16
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Timmy Dooley (FF), Clare

I thank the Senator. This amendment relates to the cost recovery mechanism that will apply to the strategic gas emergency reserve. The standard approach for cost recovery for security of supply measures and investments to meet EU regulations is through the existing regulatory framework and achieved over the lifetime of the asset. Identifying opportunities to minimise the potential impact of this cost on energy consumers is a key work stream of the project and is currently under way. The scope of this consenting legislation is limited to what is necessary to allow an application for development consent to be submitted later this year, which is critical to achieving accelerated delivery of the project. It is intended, as I mentioned previously in relation to one of the other amendments, to bring a memo to Government later this year to draft the strategic gas emergency reserve operational Bill. There will be provisions contained in that relating to the operation, use and cost recovery mechanism, as well as a number of other policy matters identified by Oireachtas Members in the pre-legislative scrutiny report, which was done, as Senators know, with the committee.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/seanad/2026-07-16/debate/main
Retrieved: 2026-08-27T06:52:17+00:00
Sitting date: 2026-07-16