Last week on 14 March the Irish market saw another record for wind generation, with over 55% of the island of Ireland’s electricity generated from wind power for the full day. It is clear that the TSOs are becoming more comfortable with wind as it increases its market penetration, however, the proposed reference pricing for wind generators under Renewable Energy Feed-in Tariff (REFIT) may raise challenges. This week’s blog explores the implications of the Irish government’s policy.
Related thinking
Low carbon generation
Our Renewables Pipeline Tracker: In with the new – scoping projects and progression through planning stages
Our latest Renewables Pipeline Tracker was published on 11 June, and this blog provides a summary of some of the recent developments in our coverage of the pipeline for new build and repowering renewables assets in GB. What’s new? Seabed leasing rounds, scoping projects and CfD announcements Since our previous...
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...
Low carbon generation
Nuclear energy and its potential importance for net zero
This article was originally written as a longer piece in Energy Spectrum on 21 March 2021. To find out more about a subscription to Energy Spectrum, please contact Nick on n.palmer@cornwall-insight.com. Nuclear energy has been an integral part of the UK’s electricity system for many decades. Currently, nuclear provides around...
Power and gas networks
Understanding the backdrop of the UK hydrogen economy
We are delighted to publish our research note on the hydrogen sector: 'Understanding the backdrop of the UK hydrogen economy'. Serving as a primer for our upcoming series of hydrogen insight papers, we chart the UK’s progress in developing a hydrogen industry. In our paper, we cover essential developments in...
Low carbon generation
Analyse thy neighbour: Interconnectors and their importance to future power prices
Whilst we build towards 2021 and post-Brexit energy markets, focus has been applied to how we in GB strive towards net zero ambitions with a more independent policy agenda. However, regardless of future trading arrangements, interconnectors with EU nations will continue to play a pivotal role in driving wholesale power...
Low carbon generation
Demand trends: August sees highest demand since March
This article was originally published on 25 August 2020 in our ‘SEM and commodity pricing report’. In this week’s blog we take a look at the latest fundamental developments impacting power prices in the SEM. This will see us take a look at wind generation in the SEM this year, while...
Low carbon generation
RESS-won: renewables on the march
Yesterday will be remembered as a good day for the Irish renewables industry, with the level of supported renewables capacity set to grow by over a quarter in the next 2-3 years. After years of waiting, the first Renewable Energy Support Scheme auction (RESS-1) results are here (provisionally, pending appeals)....
Commercial and market outlook
Changes: how our Spectrum service is evolving
This article was originally published on 9 June 2020 in our ‘Energy Spectrum Ireland’ publication. Since Cornwall Insight launched the Energy Spectrum Ireland Service in 2015, it has been providing insight on key developments in the energy markets in Ireland. With the macro market trends of decarbonisation, decentralisation and digitilisation,...
