The capacity available through the Renewable Energy Support Scheme (RESS) will see competition high as the long-awaited subsidy scheme for renewables opens its auction doors on 16 June 2020. The RESS will provide relief to new entrants offering renewable capacity, following the closure of the Renewable Energy Feed-in Tariff which did not include solar. This week’s blog looks at the long queue of solar applications waiting outside EirGrid’s door that can bid into the RESS auction.
Related thinking
Announcement
What are Australia’s emissions reduction targets?
From Cornwall Insight Australia's Energy Market Alerts service Energy laws have now been amended to incorporate an emissions reduction objective alongside the other objectives. The list of targets that the market bodies will need to consider is listed in a separately published Targets Statement. The targets currently listed cover both...
Announcement
Energy prices tumble in October
From Cornwall Insight Australia’s NEM Market Analysis report With over 700 GWh of rooftop PV added to the NEM since October last year, records were again set in NEM minimum demands along with a high instantaneous renewable penetration within the grid of 71.4%. Once again, the month’s main story was...
Low carbon generation
Head to Head: CfD vs RESS
2022 has been busy for renewable developers in Great Britain and Ireland, with both the fourth allocation round of the Contracts for Difference (CfD) scheme and the second round of the Renewable Electricity Support Scheme (RESS) concluding this summer. We compared the latest results of the CfD and RESS schemes...
Low carbon generation
PSO Levy 2022/23: RESS to the Rescue
This week we look at how renewable generation is putting money back in consumers’ pockets - a trend which, based on the power price forecast from our All-Island Forward Curve report, is expected to continue until 2027. Last week the Commission for Regulation of Utilities (CRU) published their final decision...
Low carbon generation
RESS 2 – Five key insights
Higher costs drive up auction clearing price It’s been a tumultuous couple of years since RESS 1. As the world recovers from the COVID-19 pandemic and the conflict in Ukraine continues, stresses and strains are being felt across many sectors of the economy, and infrastructure is no exception. Pent up...
Low carbon generation
RESS 2 by numbers
Last Friday, RESS 2 auction results were published, with nearly 2GW of new renewables projects successful in getting awarded a contract. We have put together an infographic that explains the auction outcome and what these projects will bring to our electricity system. We have also released a report with Wind...
Low carbon generation
RESS for LESS
We have also released a report with Wind Energy Ireland which is free to download. View the report here
Energy storage and flexibility
Emerging utility business models
This article is from our latest Energy Spectrum and the January 2022 issue of EEnergy Informer, a newsletter edited by Fereidoon Sioshansi of Menlo Energy Economics and editor of Variable Generation, Flexible Demand. As numerous prior articles have pointed out, the traditional utility business model seems to be on its...
