Energy

Part of the debate – in the Northern Ireland Assembly at 1:00 pm on 5 March 2001.

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Photo of Reg Empey Reg Empey UUP 1:00, 5 March 2001

Oil prices have fallen since the announcement was made; it is relevant for the regulator to take these matters into account. Of course, it will be pointed out to us that the oil prices rose well before the actual increase was applied for, and we will probably be told, "Well we had to take time to react to a price rise so it is only right that we take time to react to a price fall". But the answer to the Member’s question is that the current market price of the raw materials for electricity generation is a legitimate area for the regulator to review. I have no doubt that he will do so.

With regard to the Orimulsion issue, there is no application before the Department at the moment to produce electricity based on Orimulsion. All that has happened is that the suppliers of the fuel have been in Northern Ireland. I have met them. They have indicated that they want to see Kilroot use this fuel. I have asked them some questions on the environmental issues which may arise. I have sought experience from other European countries but currently there is nothing on our table from any company which wants to convert and generate. As soon as I get an application, I will look at it. I am interested in what Members think of Orimulsion as a fuel, because I would wish to take into account their views before reaching a decision. So far no application has been made.

A power station in the south-east of Northern Ireland on the route of the interconnector would be ideally located at present. For example, a power station in the greater Tandragee area would be in a perfect position. Again, that is a matter for the private sector.

With a power station the economics would be infinitely superior. The study I am having undertaken on the application is giving an early indication that without it there may still be positive possibilities, albeit more difficult ones than if we had a power station there. It is still my intention to go for the comprehensive north- west and south-east solution. That is still our objective. That application is currently on our table; it is being economically and logistically reviewed at present.