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Press Centre

28th April 2020

20% drop in weekday Irish electricity demand due to COVID-19

With a large proportion of specific sectors throughout Ireland having either closed or scaled back their operations due to COVID-19; a significant drop in Ireland’s electricity demand on weekdays has been observed. In fact, research from Cornwall Insight Ireland, comparing the first week in March with last week, shows that […]

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16th April 2020

Cornwall Insight Ireland comments on negative wholesale prices in the SEM

On 5 April the Irish Single Electricity Market (SEM) experienced a negative day-ahead trading price for almost the whole day. The below graph shows the day-ahead market starting at -€6.0/MWh, before falling as low as -€14.5/MWh at 2:00 pm. Overall, the day saw 20 of the hourly settlement periods outturn […]

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8th April 2020

COVID-19 impacts: decrease in Irish energy demand

Research from Cornwall Insight Ireland highlights that since Ireland went into lockdown on 16th March energy demand in the Single Electricity Market (SEM) averaged 6% down since the start of the month. This drop in demand is shown in the below graphs.   Ruth Young Training Consultant at Cornwall Insight […]

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27th March 2020

Cornwall Insight Ireland comments on the RESS-1 Qualification Application Closing Date extension

Commenting on yesterday’s announcement on the extension to the RESS-1 prequalification deadline, Ruth Young Training Consultant at Cornwall Insight Ireland, said: “Given the significant challenge that the ongoing COVID-19 crisis poses for RESS participants and EirGrid alike, it will have come as little surprise that the Minister has now agreed […]

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25th March 2020

Irish electric vehicles sales lag behind 2030 target levels

Research into Irish electric vehicle (EV) uptake by Cornwall Insight Ireland shows that EV sales are up 53% year-to-date. However, this still lags behind the Irish government’s Climate Action Plan 2019. The plan set a target to have 950,000 EVs on the road by 2030. The below graph compares the […]

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14th February 2020

Lack of headroom in RESS will see projects jostle for limited capacity

The upcoming Renewable Energy Support Scheme (RESS) has caused excitement across the industry and with between 1000GWh – 3000GWh available, the competition could be high. A key feature of the design for the RESS auctions is the carve-outs or “preference category” for several key areas: community projects, solar projects and […]

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19th December 2019

An extra incentive in RESS-1 support scheme

The new Renewable Energy Support Scheme (RESS) will provide support to renewable electricity projects in Ireland. The scheme will be a competitive auction-based funding mechanism with a primary focus on cost-effectiveness. The RESS-1 auctions are actively targeting between 1TWh – 3TWh of renewable energy that can be delivered ahead of […]

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3rd September 2019

Slow and steady wins the CPPA race in Ireland

The Corporate Purchase Power Agreement (CPPA) market in Ireland is being targeted by the government as a viable route to help achieve its 2030 renewable energy targets. The Irish government has set out a goal of 15% of renewable electricity directly contracted to corporates by 2030. The latest insight paper […]

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14th August 2019

Cornwall Insight Ireland comments on the half-yearly Irish EV sales

Although the Irish passenger car market is down 7.36% on 2018 for the year-to-date (YTD), the sales for alternatively fuelled (BEV, PHEV and hybrid-electric) passenger cars have shown steady growth. A total of 9,582 alternatively fuelled vehicles have been sold for the YTD, a 69% increase on 2018’s total. The […]

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23rd July 2019

Cornwall Insight Ireland comments on the proposed increase to Imperfections Charge

A proposed increase to the Imperfections Charge* (and Incentive Outurn) has been discussed in a consultation paper that has been issued by the SEM Committee (SEMC). This was in response to the transmission system operator’s (TSO’s) submission – where they proposed an increase of 53% on the 2018-19 tariff year […]

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