Online Platform to Assist Energy Transactions on Ireland’s First Interconnector to Wales

EirGrid has taken a significant step closer to the start of trading on the East West electricity Interconnector with the launch of a new online auction management platform that will facilitate the purchase of interconnector capacity, as well as detail auction calendars and products. The system also manages trading on the Moyle Interconnector linking Northern Ireland and Scotland.

The Interconnector, running from Rush in North Dublin to North Wales, will be operational from late 2012 and will greatly change the face of the Irish energy market through increased competition, facilitation of increased renewable energy and immediate access to other sources of energy.

EirGrid has also launched a smart phone app which will facilitate market players trade capacity on the interconnector while on the move.

Fintan Slye, director of operations at EirGrid, says: “The Interconnector is on track and on budget in terms of construction but there also has been huge progress over the last year in terms of preparation for market trading. By creating one single electronic auction platform for both interconnectors in the Irish Single Electricity Market, we are creating a more efficient market allowing traders to access both auctions thus saving time and optimising trading opportunities.”

The new smart phone app will allow users to browse key East West Interconnector-related data in an easy and intuitive format on their smart phones. From information on the interconnector itself, to a list of upcoming auctions and links to the auction management platform, the East West app provides information for traders and interested parties.

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