Publications
A Preliminary Analysis on the Future Energy Component of Electricity Bills in Ireland
This analysis is based on electricity market modelling of four potential renewable energy outcomes for the 2030 Irish power system. It is based on the SEM-25-010 SEM PLEXOS Model Validation 2024-2032 model which contains projections for electricity demand, renewables capacity, thermal generation, interconnection capacity, embedded generation, and generator outages to 2032. This model was used to estimate the wholesale electricity price component of electricity bills in 2030 for the Republic of Ireland.
- Authors
- Year
- 2025
- Publication Name
- UCC
- Category
- Policy brief
- Keywords
- Electricity, Prices, Ireland
- Link to Publication
- /en/media/research/energypolicyandmodellinggroup/Analysisofenergycomponemts-UCC-June25(1)(2).pdf
Abstract
The energy supply component of electricity accounts for approximately 40% of a typical electricity bill and is significantly influenced by gas prices, reflecting the strong role of natural gas in electricity generation in Ireland. As renewables displace electricity production from natural gas in the Irish power system, the price-setting influence of natural gas will diminish, and the price formation of renewables and the associated market structure will become more prominent.