With or without you – the Ireland and GB gas systems

On 1 March 2018 National Grid issued a Gas Deficit Warning (GDW) for the GB market due to the predicted supply and demand imbalance. Ireland can hardly be a passive observer when it comes to the GB gas market given the interconnection and market flows. The Island of Ireland and GB developed a Joint Preventative Action Plan that runs to 2018 because Ireland cannot meet the Infrastructure Standard set by the European Union alone.

With Brexit looming and the increased role of gas in the power generation mechanism from the Capacity Remuneration Mechanism (CRM), it will still require high levels of cooperation between Ireland and the UK Government even if LNG import terminals go ahead.

We consider these issues in our latest Energy Spectrum Ireland comment.

DOWNLOAD THE COMMENT

The Energy Spectrum Ireland service consists of two publications designed to keep you informed of key news from the energy market

  • Ireland Weekly Bulletin – a concise weekly summary of the key news in policy, industry and markets, and regulation
  • Energy Spectrum Ireland – our longer monthly publication provides a more detailed look at the news and events. Energy Spectrum Ireland discusses the headline news and highlights key information within each brief. It also includes a consultations page providing a brief summary and impact assessment of electricity and gas consultations currently open and of relevance.

Sign up to a free trial

To subscribe or to request a free four-week trial of the service, email Stephen at enquiries@cornwall-insight.com or call 01603 604400.

With Brexit looming and the increased role of gas in the power generation mechanism from the Capacity Remuneration Mechanism (CRM), it will still require high levels of cooperation between Ireland and the UK Government even if LNG import terminals go ahead.
Power and gas networks
Tom Palmer

Tom Palmer

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...

Regulation and policy

Answers to some FAQs about Brexit

Following the end of the transition period on 31 December 2020 and the signing of the Trade and Cooperation Agreement, aspects of the relationship between UK and the EU in respect of the arrangements for energy trading and cooperation have changed. We set out answers to some Frequently Asked Questions...

Commercial and market outlook

A look back at 2020

As we take our first steps into 2021, we look back at the biggest developments in the UK energy markets in 2020, setting us up for the significant year ahead. As 2019 turned into 2020, we were still waiting for the Energy White Paper (EWP), a document which had been...

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...

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,...

Low carbon generation

Podcast key takeaways | James Brabben discusses the role of gas in the UK power market

James Brabben, our Wholesale Manager, spoke to William Powell, Editor in Chief, in the inaugural podcast for Natural Gas World. The podcast discusses the latest issues of the day in the gas market and includes a deep dive into the GB gas market by James. In this blog, we take...

Low carbon generation

FiT costs to reach all-time high amid COVID outbreak

Energy Third Party Charges (TPCs) have certainly been in the limelight recently, and rightly so as less consumption from non-domestic sectors is resulting in a greater recovery of money from domestic households amid the COVID-19 outbreak. Several measures have been taken to date to protect domestic suppliers and consumers from...

Low carbon generation

The Balancing Mechanism and BSUoS under lockdown

The COVID-19 pandemic and subsequent lockdown restrictions have severely impacted the GB energy market with demand and prices at record lows. As market conditions have drastically changed, National Grid Electricity System Operator (NG ESO) has been much in the spotlight, with the current low demand scenario providing new operational challenges....