Will Irish households benefit from falling wholesale prices?

Will Irish households benefit from falling wholesale prices? Wholesale prices across the Single Electricity Market (SEM) fell to record lows in April. Joe Camish Analyst at Cornwall Insight Ireland discusses these developments and what this might mean for electricity users across Ireland.   The most prominent of these were the movements in the day-ahead power…
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Renewable generator revenues fall due to lockdown

Renewable generator revenues fall due to COVID-19 lockdown: Research from Cornwall Insight’s Green Power Forecast reveals there has been a sharp decline in generator revenues. Solar and wind technologies have been particularly impacted by low demand levels due to the COVID-19 lockdown.   Solar PV captured prices were, on average, 8.4% and 14.9% below baseload…
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COVID-19 impacts: gas and power prices over the summer

COVID-19 impacts: gas and power prices over the summer months: As Great Britain (GB) is starting to move through the peak of the COVID-19 pandemic, there have been some indications that the energy market could be passing its trough.   Tim Dixon, Wholesale Team Lead at Cornwall Insight, looks into how GB gas & power…
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COVID-19 impacts: reduction in inertia levels

COVID-19 impacts: reduction in inertia levels: Analysis by Cornwall Insight reveals that inertia* levels have been falling over time as the proportion of synchronous generation has declined. The below graph highlights the drop in inertia and shows 2020 levels are significantly lower.   While we are not even halfway through the year the shape of…
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COVID-19 impacts: Energy demand and emissions

COVID-19 impacts: Energy demand and emissions across Europe: Research from Cornwall Insight has investigated the impact on the daily average electricity demand and carbon emissions across five European countries during the four weeks from 23 March – the commencement of lockdown in the UK.   Overall, all five markets – Great Britain, France, Germany, Italy…
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COVID-19 impacts: Surge in negative pricing

COVID-19 impacts: Surge in negative pricing: Because of COVID-19 and its effect on energy demand, wind now represents a more substantial proportion of Great Britain’s (GB) energy mix. At the same time, CCGT plant has to respond to lower load factors. This has resulted in not only record low wholesale prices but also a surge…
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65% of Londoners changed their vehicles for the ULEZ 

65% of Londoners changed their vehicles for the ULEZ: Motorbike insurer Bikesure, recently surveyed 1,000 commuters in London to find out how the Ultra Low Emission Zone (ULEZ) has impacted them, in reflection of Bikesure’s annual ULEZ Survey, the first being conducted in 2019. Even though the ULEZ has been temporarily suspended to support key…
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COVID-19 impacts: decrease in Irish energy demand

COVID-19 impacts: decrease in Irish energy demand: Research from Cornwall Insight Ireland highlights that since Ireland went into lockdown on 16th March energy demand in the Single Electricity Market (SEM) averaged 6% down since the start of the month. This drop in demand is shown in the below graphs. Ruth Young Training Consultant at Cornwall…
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