The imminent all-Ireland electricity market changes and ambitious green policy plans promise huge decarbonisation gains, but Brexit and clean energy target uncertainty could yet undermine investment. In May, in the face of on-going Brexit-related uncertainty, a new all-Ireland electricity market goes live with the aim of better aligning the whole island with European markets and enabling the free flow of energy across borders. By encouraging the free trade of energy across borders, the Integrated Single Electricity Market (I-SEM) for the island of Ireland is very much at the foundation of what could effectively constitute a single market for electricity across Europe. Add to this fact the impact the policy overhaul is likely to have on electricity generation, consumer bills and decarbonisation across Ireland, and you have a “very radical and swift transition” in energy policy, according to Mateusz Wronski, head of product development at Aurora Energy Research and lead author of a new report on the impact of imminent Irish energy reforms.
Business Green 27th Feb 2018 read more »