Regulators rule out electricity market shake-up

Regulators have ruled out changes that could allow homes and businesses to benefit more from cheap wind-generated electricity. File photograph: ReutersRegulators have ruled out an electricity market change that would allow homes and businesses to benefit more from cheap wind power.

However, the commission has ruled out changing Irish wholesale electricity market rules, which tie prices to natural gas, to allow homes and businesses to benefit more from the availability of cheap wind power. “Wholesale market design is a necessarily complex process and the last major redesign of the all-island electricity market — the I-SEM project — took four years to complete,” the CRU adds. The regulator also maintains that falls in wholesale prices may not immediately impact what homes and small businesses pay.Industry body Wind Energy Ireland says it has been pushing for some time for market rule changes that will reflect the growing availability of cheap renewable power.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Flogas pays market highest offer for unused electricityUnder its new SolarGen promotion, Flogas said it is paying 20 cent per kWh for unused electricity generated by homeowners, businesses and farms using solar panels.
Källa: RTEbusiness - 🏆 16. / 61 Läs mer »

Martin pledges to ensure energy supply for industryMicheál Martin acknowledged Ireland is facing a major challenge amid warnings from experts there may be power shortages this winter as demand is predicted to outweigh supply. Granny shall freeze to death to save the environment 🙏🏻 Blah, Blah, Blah Martin -- such fear ridden propaganda. He and the other cohorts should admit their mistake and correct their problem or assume the electorate will replace you and your greedy colleagues. It is your job to make sure this does not happen, but you made it happen.
Källa: IrishTimes - 🏆 3. / 98 Läs mer »