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Negative Pricing and Energy Balancing for RESS Online Workshop
July 9 @ 3:30 pm - 5:00 pm€25
With the government of Ireland aiming for 70% renewable generation by 2030, there will be an increasingly large portion of time when electricity market prices will be zero or negative under the current market design as we move towards 2030 and beyond.
With the RESS 1 auction taking place this summer, there is an increasing need amongst the renewable industry to gauge the scale and duration of negative price periods which could potentially be seen in the All-Island market over the duration of a RESS contract.
IWEA & GreenTech Skillnet have commissioned Baringa to assess the impact of negative pricing in the All-Island electricity market over the course of this period and are investigating market prices during sample years of 2025, 2030 and 2035.
Baringa will present the results of their analysis investigating the number, duration and magnitude of negative price hours in the All-Island market. The analysis will also consider several sensitivities such as the implications the recent SEM Committee consultation on Priority Dispatch, and what this means for renewables bidding into the market, and what happens if there is a hard Brexit and day-ahead coupling between SEM and Great Britain ceases.
The workshop will be delivered by Baringa’s Mark Turner and Adrian Palmer, and moderated by Noel Cunniffe, Head of Policy in IWEA.
Thursday, July 9th. 3.30pm to 5.00pm
Thanks to the Irish Wind Energy Association, this course is heavily subsidised. The usual cost of this course is €150 but is now available for only €25. Please note this price is only available by applying to the Tipperary Energy Agency, it is not available on the IWEA website.
Criteria and Apply
To be eligible to take part in this online course, you must meet the below criteria;
- 1 person per community group
- Your community group must be either an SEC or give details on what community energy project you are working on
- You must not be employed in the sector
To apply to take part in this online course, please email firstname.lastname@example.org and include details on how you meet the above criteria.