Electricity grid warnings ‘causing disquiet’ among multinationals, says IDA

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…

UK’s National Grid to invest 10 billion pounds in power network by 2026

In December, Ofgem gave the go-ahead for 40 billion pounds ($53.4 billion) in spending on utility networks between 2021-2026 to prepare for more renewable power, including a higher-than-planned limit on grid operators’ returns. National Grid said it was pleased to see the increase in allowances and accepted the overall package for its role as electricity…

Ireland has more than 2.5GW of grid-scale battery storage in development stages

The opportunities for further development in the country appear huge, with a grid operator willing to recognise the role energy storage can play in balancing the network. Solar Media Market Research’s Lauren Cook explains what’s happening. Co-authored by Molly McCorkindale, who is also an analyst with our in-house research team.   Utility-scale battery storage project activity started…

Interconnectors, European Electricity and Brexit

The recently powered-up IFA-2 is the product of a £700 million shared investment between the National Grid and the French power firm Réseau de Transport d’Électricité (RTE).  IFA-2 physically connects the UK and France’s electricity systems, giving Britain access to France’s nuclear and renewable energy and vice versa. With a 1 gigawatt (GW) capacity and as the UK’s sixth operational…

UK’s energy price cap predicted to rise by at least £66/year

Robert Buckley, head of relationship development at Cornwall Insight, said: “Cornwall Insight modelling suggests it now looks likely that we will see a substantial rise in the summer energy price cap period, completely reversing the fall that was seen in October. This increase was driven mainly by a rebound in the wholesale cost of energy over the latter…

View from Brussels: Brexit fallout, what to watch in 2021

The UK and EU wrapped up 2020 by securing an eleventh-hour agreement on a trade deal. As 2021 gets underway, there are a number of areas where the impact of Brexit will have to be closely watched. There were huge concerns about whether the UK would start the new year under the blanket of a…

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