The economic crisis, the evolving EU policy context and recent developments in technology require new approaches to domestic energy policy, according to a new report – A Review of Irish Energy Policy – by the Economic and Social Research Institute (ESRI). While the objectives of policy remain the enhancement of competitiveness, ensuring a secure energy … Read more
Wind energy generation will deliver savings to Irish consumers of €100m by 2020, the most detailed analysis to date into the value of the sector has revealed. The report, commissioned by IWEA (Irish Wind Energy Association) in conjunction with Wind Skillnet, was compiled by international strategic and analytical consultancy Redpoint Energy. It found that an … Read more
Bord Gais has officially opened its first major electricity generating station at Whitegate in Cork. The 445 megawatts gas-fired Whitegate Power Plant is one of the most efficient electricity generation facilities in the world today and is a key strategic development for Bord Gais. It is also a key development for the State as it … Read more
Ireland has already begun to play a leading role in the development of the smart grid and now needs to capitalise on the significant opportunities that exist for business to use Ireland as a test bed given this country’s research, skills and technologies. This is according to a new report published by the Sustainable Energy … Read more
US-based AES Corporation has agreed with BG Energy Holdings to acquire Premier Power, owner of the 1,246 MW natural gas-fired Ballylumford Power Station in County Antrim, Northern Ireland, for £99 million. The transaction is subject to license consents from the Northern Ireland Authority for Utility Regulation and the Northern Ireland Department of Enterprise, Trade and … Read more
The Carbon Windfall Levy, introduced in the Electricity Regulation (Amendment) (Carbon Revenue Levy) Act 2010, has been signed into law. The levy will apply to electricity generators and recover a substantial portion of the unearned carbon windfall gains that they currently receive through the Single Electricity Market. Under the Kyoto Carbon Trading provisions, electricity generators … Read more