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The single Irish electricity market is heading for “significant change” as regulators on both sides of the border adapt to rising renewable generation and exports to Great Britain.
The island’s export capacity is expected to rise to 950MW by the end of 2016, from 80MW when the single market opened nine years earlier. Meanwhile, there is a target to get 40 per cent of electricity from renewables by 2020.
The Utility Regulator for Northern Ireland (UR) and its southern neighbour the Commission for Energy Regulation (CER) are consulting on plans to take account of these developments and bring the market in line with the rest of Europe.
They are considering four options for energy trading arrangements in the new Integrated Single Electricity Market (I-SEM). These are: an adapted decentralised market, a mandatory ex-post pool for net volumes, a mandatory centralised market and a gross pool – net settlement market.
It comes as part of a wider push from Brussels to harmonise cross border trading across all European electricity markets, to boost competition and efficiency.
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