The PSO levy is paid by all electricity customers in Ireland and is used to support the renewable energy sector. Following a review of the PSO cost submissions, the CRU’s final calculation is that a PSO levy of €263.70 million will be required for the 2021/22 PSO year. This represents a decrease of €129.43 million…
The UK is looking to bring Irish firms on board for joint bids in future renewable energy projects, including offshore wind. Britain’s trade envoy to Ireland told the Irish Independent that offshore wind was a major opportunity for investors on both sides of the Irish Sea, as both governments have made made ambitious renewable electricity targets. “It’s all about building…
More people are facing increases to their electricity bills after provider Pinergy became the latest to announce an increase to its standard residential energy prices. The company said the move follows sustained issues in the wholesale energy market and national grid, which are causing “unprecedented pricing pressures”. The change, which will take effect from August 23rd,…
Data showing electricity demand growing faster than renewables across the world is particularly pertinent to Ireland, especially with the proliferation of data centres, a leading energy expert has said. The International Energy Agency (IEA) said this week that renewables are expanding quickly but not quickly enough to satisfy a strong rebound in global electricity demand.…
Warnings that electricity demand was pushing supplies to their limit sparked concern among multinationals in the Republic, IDA Ireland has told regulators. Electricity market regulators last winter issued several “amber alerts”, warning that demand in the Dublin area was close to capacity, increasing the risk of power cuts should the network run into problems. IDA Ireland says…
The company said the increase is due to more expensive wholesale energy costs. Electric Ireland last increased its prices in autumn when it raised electricity prices by 3.4%. The increase announced today will add almost €100 a year to the average annual electricity bill and €60 to the average annual gas bill. In April, almost…