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This paper compares retail and wholesale electricity prices in SEM, the market of the island of Ireland, and BETTA in Great Britain. Wholesale costs are much lower in BETTA. We show that this is mostly because the wholesale price in BETTA is set too low to cover generation costs, although it is...
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This article considers the possible effects on electricity costs of implementing The Brighter Evenings Bill, 2012, which would move Ireland to Central European Time (CET). The results suggest that such a change would produce very limited savings in peak de mand for electricity and possibly some...
Persistent link: https://www.econbiz.de/10011440352
The Irish Single Electricity Market is establishing how to comply with the European Union Target Model. One option is to move away from the regulated environment used in the current design and allow generating firms to bid freely in the market. This study shows that in 2011, allowing firms to...
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This paper evaluates the effect of wind generation on CO2 emissions using 2008-2012 historical data for the Irish Single Electricity Market. Wind generation decreases CO2 emissions, but by less than the average system emissions. When we evaluate the results by technology, we find that wind...
Persistent link: https://www.econbiz.de/10011440384
The Moneypoint coal plant is nearing the end of its useful life and will need to be replaced. For Moneypoint's replacement, we consider different types of baseload technologies: coal plants with and without carbon capture, combined-cycle gas plants and a nuclear plant. This paper compares how...
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