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.

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