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ARTICLE · 02 DECEMBER 2022

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Electricity Market Interventions In Ireland

Arthur Cox
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The Government in Ireland is implementing electricity market interventions as required from 1 December 2022 under Regulation (EU) 2022/1854 (the "Regulation"), which we considered here.

IrelandEnergy and Natural Resources
Katrina Donnelly
Katrina Donnelly
James Downey
James Downey
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The Government in Ireland is implementing electricity market interventions as required from 1 December 2022 under Regulation (EU) 2022/1854 (the "Regulation"), which we considered here.

Cap on Market Revenues

As indicated here, the Government is capping market revenues of non-gas electricity generators with a capacity of 1 MW or more from December 2022 to June 2023 as follows:

  • €120/MWh for wind and solar,
  • at least ?180/MWh for oil-fired and coal-fired generation,
  • €180/MWh on other non-gas generation.

The Regulation provides Ireland with a discretion to implement the cap through the Single Electricity Market or otherwise outside of the market. It is not yet clear how the cap will be implemented, though the Government's press release does specify that it will be administered by the CRU.

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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