On 2 October 2019, the European Commission announced the allocation of a €530.7 million grant from the Connecting Europe Facility (CEF) for the “Celtic Interconnector” electricity project, between Ireland and France. This grant reflects the project’s value in terms of solidarity and security of supply, as well as its contribution to achieving the EU’s energy policy objectives. The Celtic Interconnector could help to lower electricity prices, reduce greenhouse gas emissions and provide greater energy security which is of benefit to consumers and stakeholders.
The CRU and the French Commission de Régulation de l’Énergie (CRE) welcome the grant decision and confirm their support for the project, as expressed in the joint decision of 25 April 2019.
Following the results of the CEF and engagement with the CRE, the CRU has today, 10 October 2019, issued a decision on the cross-border cost allocation request submitted by the Celtic Interconnector project.
Please click below to view this consultation paper.