As the new European supermarket for wholesale electricity is upon us, we examine how the Irish government proposes to accommodate renewable energy.
Less than a year from today, Ireland will implement the Integrated Single Electricity Market (I-SEM), replacing the existing SEM which we have had since 2007. At present, the target date for go live implementation is 23 May 2018. For those of you within the industry who have been living under a rock for the past six years, this is a new Europe-wide trading platform for energy. The platform has been conceived against a background of intra-Europe cross-border trade that has personified the European Union's principles of free trade and integration.
The aim is to encourage more efficient electricity flows across Europe with the introduction of short term day ahead and intra-day trading.
The Regulation on Renewable Energy Resources (“Regulation”) that regulates the procedures and principles for identification, evaluation, and utilization of renewable energy resource areas that is prepared with the intention to support the development of generation facilities, and to finalize the investments on renewable energy resources in due time with the contribution of state incentives, entered into force and published in Official Gazette dated October 9th, 2016 and numbered 29852. The Regulation on Determination, Evaluation, Protection and Utilization of Renewable Energy Resource Areas in relation to Electricity Generation published in the Official Gazette dated 27 November 2013 and numbered 28834 is repealed with the entrance into force of this Regulation. This newsletter article examines the provisions of the Regulation in question.
With the intention of finalizing the investments on renewable energy resources in due time with the contribution of state incentives regarding locally produced equipment, the Draft Regulation on Renewable Energy Resource Areas prepared with the purpose of annulling the Regulation on Determination, Evaluation, Protection and Utilization of Renewable Energy Resource Areas in relation to Electricity Generation published in Official Gazette dated 27 November 2013 and numbered 28834 was published.
The purpose of Draft Regulation on Renewable Energy Resource Areas (“Draft”) is to provide the productive utilization of resources, completion of investments efficiently and domestically, and procurement of equipment to be used in electricity generation facilities, by establishing large-scaled energy resource areas on the lands allocated that are public, treasury and private properties. This newsletter article examines the provisions of the Draft Regulation in question.
It is estimated Ireland imported in excess of €6 billion worth of energy products through the UK in 2014. In the wake of the leave vote, what is the upshot for the Irish energy market?
Contact: ATT. TUNA COLGAR, ATT. ECE YILMAZ; Erdem & Erdem (Turkey)
The Electricity Market Regulatory Authority (“EMRA”) amended the Regulation on the Unlicensed Electricity Generation in the Electricity Market (“Regulation”). Within this context, EMRA prepared three different exposure drafts amending such Regulation on 15.05.2015, 26.10.2015 and 26.11.2015. Finally, EMRA has finalized its evaluation, and has made the necessary adjustments via the Regulation Amending the Regulation on the Unlicensed Electricity Generation in the Electricity Market (“Amending Regulation”). The Amending Regulation entered into force through publication in the Official Gazette dated 23.03.2016 and numbered 29662. The drafts regarding the novelties to be introduced to the Regulation that were publicly disclosed were evaluated in one of our previous Newsletter articles. This article clarifies the significant amendments to the Regulation, set forth by the Amending Regulation.