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ARTICLE · 31 MAY 2017

Energy Update: REFIT In I-SEM – Department Issues Options Paper

Mason Hayes & Curran LLP
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The Irish Department for Communications, Climate Action and Environment ("DCCAE") has, on Tuesday 23 May 2017...

IrelandEnergy and Natural Resources
Peter McLay
Peter McLay
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The Irish Department for Communications, Climate Action and Environment ("DCCAE") has, on Tuesday 23 May 2017, published an options paper discussing various methods by which Ireland's Renewable Energy Feed-in Tariff ("REFIT") support schemes might operate, when trading commences in the new wholesale electricity market – the Integrated Single Electricity Market ("I-SEM"). A paper of this type has been awaited since the high level design of the I-SEM was settled in late 2014.

REFIT in I-SEM

The REFIT schemes currently serve as Ireland's primary incentive to attract the investment in renewable energy generation that will be necessary in order for Ireland to meet its EU renewable energy targets.  Having been largely successful in this role, these schemes are estimated to currently support approximately 2,600MW of installed or in-construction renewable energy generation capacity, the majority being onshore wind generation projects.

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