Money for nothing – NI non-domestic RHI payments

The Northern Ireland non-domestic Renewable Heat Incentive (RHI) was introduced in November 2012. Its aim was to incentivise the uptake of renewable heating technologies by providing participants with subsidies to generate heat from renewable sources, such as biomass.

Despite its best intentions, the failings of the NI RHI are now well known. A loophole in the scheme’s legislation meant participants’ payments were not capped. In addition, it has been argued that the level of available subsidy was greater than the cost of the fuel, prompting many to nickname the scheme “cash for ash”.

In this week’s blog, we look back at the applications that were received under the scheme and link them to some of the key milestones that have been revealed in the ongoing public inquiry.

Related thinking

Low carbon generation

Government publishes Ireland’s Climate Action Plan 2023

This article is an extract from our Energy Spectrum Ireland service, which is a monthly publication and weekly news bulletin covering key developments in the Irish and Northern Irish energy sectors. If you are interested, we are currently offering a free trial which you can sign up to by filling...

Commercial and market outlook

Delays to onshore wind investment increase long-term power prices in Ireland

Note: Cornwall Insight Ireland release the 'All-Island Power Market Outlook 2023' on a quarterly basis. The increase in long-term power prices refers to the comparison with our Q3 Power Market Outlook released in October 2022. Data from our fourth - ‘All-Island Power Market Outlook to 2030’ – has forecast that...

Net zero corporates and ESG

Q4 2022 All-Island Power Market Outlook to 2030 overview

This report provides an annual overview of trends for the All-Ireland Power Market out to 2030 using outputs from Cornwall Insight’s latest forward curve for the All-Island (AI) Single Electricity Market (SEM) covering Northern Ireland and the Republic of Ireland. This publication is based on comprehensive market and asset-level power...

Net zero corporates and ESG

Q3 2022 All-Island Power Market Outlook to 2030 overview

This report provides an annual overview of trends for the All-Ireland Power Market out to 2030 using outputs from Cornwall Insight’s latest forward curve for the All-Island (AI) Single Electricity Market (SEM) covering Northern Ireland and the Republic of Ireland. This publication is based on comprehensive market and asset-level power...

Net zero corporates and ESG

Q2 2022 All-Island Power Market Outlook to 2030 overview

Our latest All-Island Power Market Outlook to 2030 report provides a taster of the insights from our Q2 All-Island Forward Curve report. Changes to the SEM, GB and European Markets over the last quarter have been incorporated into our models, including delays in commissioning and new capacity plans, to revise...

Energy storage and flexibility

All-Island Power Market Outlook to 2030

This report provides an annual overview of trends for the All-Island Power Market out to 2030 using outputs from Cornwall Insight’s latest forward curve for the All-Island (AI) Single Electricity Market (SEM) covering Northern Ireland and the Republic of Ireland. This publication is based on comprehensive market and asset-level power...

Low carbon generation

Week-on-week day-ahead power price losses in the SEM

The first reported week of February 2022 recorded week-on-week day-ahead power price losses in the SEM. Source: SEMO/Cornwall Insight Ireland Despite recent week-on-week price losses, day-ahead power prices remain significantly higher than the prices observed in the opening week of February last year, currently out turning 171.0% higher. Day-ahead power...

E-mobility and low carbon

EV Charge Points

As part of the Climate Action Plan, Ireland has committed to having nearly one million electric vehicles (EVs) on the road by 2030. To help encourage the uptake of EVs, a number of incentives have been put in place such as tax subsidies and generous grants toward the purchase of a new or...