The Government have today announced that Farmers and households will be able to sell excess electricity back to the national grid.
Energy Minister Eamon Ryan stated that the first 4,000 installations around the country will get a guaranteed 19cent a KWh. Minister Ryan went on to say “We are changing the rules and changing the nature of electricity generation in Ireland.
Before you received your power from a central source and paid for it. Now you can generate for yourself and be paid for the excess you don’t use.
This type of on-site electricity generation will boost the rural economy. It will put more money into consumers’ pockets. This type of long-term investment with a guaranteed return represents the best value for spending and lending.
All our farms and houses can be micro-generators. We can use our abundant natural resources to bolster the economy, create green-collar jobs and reduce carbon emissions at the same time.
Every year, we send €6 billion out of this country on fossil fuels. This type of generation will help reduce this dependence and this outflow of money. We do not want to be dependent on Russia or Saudi Arabia for our energy needs; we can supply our own.”
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