Ireland has revealed the provisional results of the first auction round under the new Renewable Electricity Support Scheme (RESS-1). According to the provisional results, almost 1.3GW of renewables capacity has been successful in what it claimed to be the country’s first green energy auction. It includes almost 800MW of solar and 480MW of onshore wind capacity. The auction is a part of Ireland’s new RESS programme, which will provide financial support to selected renewable projects. The scheme is said to be essential for achieving the country’s 2030 aim to generate 70% of power from renewable sources.
NS Energy 6th Aug 2020 read more »
Households and small businesses are facing a more than doubling of the levy charged on their electricity bills to support renewable energy supplies in the year ahead. The energy regulator has confirmed that the public service obligation (PSO) levy will rise by 123 per cent which will see domestic consumers paying an extra €3.68 per month. The Commission for the Regulation of Utilities announced the new monthly PSO levy will be €6.52, compared with the current rate of €2.84. However, the increase, which will come into effect from October 1, is less than the new rate originally proposed by the regulator in June of €8.06.
Times 7th Aug 2020 read more »