The eight-month delay to I-SEM announced last November will have given some welcome breathing room to organisations across the island who are endeavouring to prepare their businesses for the consid
In the early hours of Monday, the 9th of December, Ireland saw the first negative EP2 System Marginal Price in 5 years as prices plummeted to -€84.96/MWh for three half
In last week’s article we examined the first ever incident of negative prices occurring in the Irish Single Electricity Market and what caused it. Many have asked me if negative pricing could happen in the I-SEM, but none (perhaps myself included) could have envisaged it happening in the current SEM! Negative pricing events may seem extraordinary and are certainly very new to us in Ireland, they are a well-established phenomenon across continental Europe.
I regularly get asked if there will be negative pricing in the I-SEM. It’s one of those phenomena of European markets that we often read about but which seems totally alien to us in the SEM. So, will it happen in the I-SEM? If last Friday’s events are anything to go by, it’s certainly a possibility.
Within the last month, two reports have come out outlining the share of renewable energy in Ireland over 2015. The ‘SEM All Island Fuel Mix’ was published on the 7th of September with astounding news! 41% of the All-Island demand was covered by renewable sources. What an amazing result, why have we been so worried about meeting our 2020 renewable target when we’ve just surpassed the mythical 40% mark with 5 years to spare?
It’s been a challenging week for the GB market, with tight margins and high market prices all week culminating in record-high day-ahead auction prices of £999/MWh, seen yesterday
It’s an unfortunate historical fact that ballistic early warning technology greatly lagged advances in the nuclear weaponry they were designed to detect, resulting in many close calls, false alarms