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ARTICLE · 18 MAY 2023

Renewable Electricity: RESS 3 Auction

Arthur Cox
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The Terms and Conditions and Timetable for RESS 3 are now available, with the qualification process opening on 30 May 2023.

IrelandEnergy and Natural Resources
Katrina Donnelly
Katrina Donnelly
James Downey
James Downey
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The Terms and Conditions and Timetable for RESS 3 are now available, with the qualification process opening on 30 May 2023.

As suggested in the consultation, RESS 3 will provide for an Unrealised Available Energy Compensation ("UAEC") with the intent of minimising the extent to which regulatory risk is factored into RESS auction bid prices.

Compensation for constraints, however, is not included in the UAEC and DECC states that this is because constraints remain an important locational signal. However, the manner of implementation of Article 13(7) of the Internal Market in Electricity Regulation means that wind units remain exposed in relation to constraints (even where they have a Firm Access Quantity) given that complex bids are regulated at short-run marginal cost, as we discussed in more detail here. Projects bidding into RESS 3 may wish to find out more about the methodology that will be used for identifying curtailment, constraints and oversupply – whether,

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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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