Wind energy supplied over 25% of electricity demand

A recent report from energy supplier Vayu found that use of renewable wind energy peaked in January and Irish wholesale electricity prices have gone down

Eoin Clarke
by Eoin Clarke on 8th July, 2015

Wind energy supplied more than a quarter of total electricity demand in Ireland during the first six months of 2015, according to the latest Wholesale Energy Market Report published by Vayu Energy.

The report found that more than 16,209 gigawatt hours (GWhs) of wind energy has been generated so far. Wind energy-supplied electricity reached a half-year peak of 2,514 MW on January 7 when it accounted for almost 49% of demand at the time.

The report also found that the average wholesale price of electricity in the Irish market was down 9% compared with the same period last year.

Joanne Daly, senior energy analyst at Vayu, said that the continuing integration of wind energy onto the grid is assisting in reducing the amount of gas-fired generators used to produce electricity, which is typically more expensive than that generated from renewable sources.

We are continuing to see wind energy play an ever more important role in meeting Ireland’s electricity demand.

“This will continue to grow over the coming years in light of an agreement by EU leaders to set a 27% target for energy consumption from renewable sources by 2030. Wind energy will be the primary source of this in Ireland, requiring the installation of substantial additional wind generation capacity between now and then,” said Ms Daly.

Meanwhile Irish wholesale gas prices on average were 23% higher in June 2015 compared with June 2014.

Vayu states that the year-on-year increase was due to a weaker Euro, higher demand for gas and a series of unplanned outages in the UK and North Sea.

Ms Daly added: “While prices are likely to remain steady in the short-term, some upward pressure on prices is likely to result from record storage injections in July.”

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