New measures will also include tariffs on large industries during peak times
Homes and businesses could soon be asked avoid using electricity during peak times.
It comes as four electricity system 'amber' alerts were issued so far this month.
The plan on energy reduction is set to be issued by the country's energy watchdog- the Commission for Energy regulation- in the coming weeks.
Around 2 million homes and small businesses across the country are expected to be asked to avoid 'peak-time-use according to the Examiner.
The measures will also include tariffs on large industries during peak times, to mitigate the risk of shortages during the winter months.
To date this month, four electricity system 'amber' alerts were issued by Ireland's power grid operator.
The drastic measures will be taken early to avoid winter blackouts and brownouts, however the Finance Minister told the paper they're hopeful it wont come to that if these measures are implemented early.

Two People Killed In Separate Overnight Road Crashes
Gardaí Travel to Jordan After Arrest in Jamey Carney Case
“You Don't Use A Sledgehammer To Crack A Walnut": Kildare Solicitor Criticises New Legal Aid Scheme As Work Stoppage Continues In Dublin
Nine Critical Infrastructure Projects Designated By Government
Two Arrested Following Interception Of Car Bomb In Monaghan
Nationwide Hosepipe Ban In Place From Today
Nine Infrastructure Projects To Be Fast-Tracked Under New Proposed Legislation
Fuel At The Pump Could Reach €2.30/L If Middle East Conflict Continues