Editor’s Pick Ireland | Clean Energy Package: what does it really mean?

The Capacity Market Code removes or restricts payments to fossil fuel generators and allows cross border participation in Capacity markets, arising from the Clean Energy Package (CEP). We look at some of the other potential changes in the way EirGrid and SONI operate our energy system arising from the implementation of the Clean Energy Package.

The EU’s Clean Energy Package is a series of eight legislative acts adopted by the European Parliament and European Council in 2018 and 2019 to fulfil the EU’s Paris Agreement commitments. The purpose of the CEP is to enable the EU to transition to cleaner energy and facilitate a 40% reduction in greenhouse gas emissions by 2030 compared to a 1990 baseline. The main areas of focus of the Clean Energy package are:

  • Energy efficiency.
  • Renewable energy.
  • Consumer protection and affordability.
Click here to view the full article
This article was originally published on 10 March 2020 in Energy Spectrum Issue 61.
Net zero corporates and ESG
Cathal Ryan

Cathal Ryan

Related thinking

Regulation and policy

Electricity transmission charging reform – overtaken by changing priorities?

Charging for the transmission network is never out of the development process for long. From major reviews, such as that initiated under Project Transmit in 2010, to significant reforms such as removing the triad benefit from distributed generation in 2018, and a host of smaller developments, change seems the only...

Commercial and market outlook

In the midst of the Australian Energy Transformation Process

Australia is in the midst of an energy supply and distribution transformation. This transition is twofold and includes not just bridging the gap from conventional fossil fuels to renewable technologies (due to their reduced carbon footprint, lower levelized cost of energy and improved reliability levels by comparation), but also requires...

Energy storage and flexibility

Glory Days – T-1 auction clears at £45/kW

To say the T-1 Capacity Market (CM) auction clearing at £45/kW per year was a surprise feels like an understatement. It looks like a major windfall for successful participants in the auction –  many are asking just what happened? Easy money Until February, it looked like prices would clear at...

Low carbon generation

Let markets run or regulate to accelerate: a false choice or key net zero decision?

Earlier this week Cornwall Insight convened a group of industry leaders from across the energy and investment space to discuss business preparedness for net zero, and what more can be done to unlock capital to make net zero a reality. The session, hosted by our non-executive chairman Volker Beckers, is...

Net zero corporates and ESG

Major energy policy and regulatory changes discussed in our December Net Zero Business forum

On 10 December 2020, Cornwall Insight hosted its Net Zero Business Forum. Held four days before the release of the UK government’s Energy White Paper, the focus was on the Prime Minister’s 10-point plan, the Spending Review and the National Infrastructure Strategy. Head of Relationship Development Robert Buckley and Head...

Announcement

The top 5 podcasts of 2020

We released 13 podcasts in 2020 covering all aspects of the energy market, from the Capacity Market and Electric Vehicles to Faster Switching and heat networks. Here are our top five podcasts of the year, ranked by the number of people who listened. 5. The Impact of COVID-19 on System...

Energy storage and flexibility

System operators warn of System Alerts risk this winter

EirGrid and SONI issued their Winter Outlook for 2020-21 on 15 October in which they warned that if high generator forced outage rates continue over the winter period there is a risk of System Alerts. The transmission system operators (TSOs) said the all-island capacity margin this winter is predicted to be 929MW...

Commercial and market outlook

The PM’s 10-point plan

Late yesterday evening, Prime Minister Boris Johnson set out his much-trailed 10-point plan for a green industrial revolution. In the plan, he announced a series of new funding and ambition announcements covering transport, hydrogen, energy efficiency, carbon capture, offshore wind, nuclear and green finance. Transport For transport, the PM announced long-term...