Back in April, we delved into Ireland’s growing import dependency amid a backdrop of record gas imports into the SEM. Four months on and the trend has persisted, with figures out to the end of July showing imports at a two year high, 29% higher than last year at 2.6bcm. This week’s blog seeks to interrogate Ireland’s LNG future, focusing on the proposed Shannon LNG project.
Related thinking
Commercial and market outlook
Russian gas dependency and impacts on net zero
Tensions along the Russia-Ukraine border have been escalating since November last year when satellite imagery showed a fresh build-up of Russian troops on the Ukrainian border. Fast forward to the 24 February 2022, Ukraine and Russia are now at war following a Russian invasion. In response to these actions from...
Energy storage and flexibility
Unlocking routes to market
On 19 January 2022, a webinar hosted by Cornwall Insight in partnership with the law firm Weightmans focused on routes to market for renewable projects that may not secure a contract during the fourth allocation round of the 'Contracts for Difference' (CfD) auction, which opened in December 2021. In the...
Commercial and market outlook
EU Commission publishes climate change mitigation taxonomy
An excerpt from our European Weekly Bulletin, part of our Energy Spectrum Europe package. On Wednesday 2 February, the EU Commission presented its Taxonomy Complementary Climate Delegated Act on climate change mitigation and adaptation covering certain gas and nuclear activities. The commission states that it aims to prevent greenwashing and...
Energy storage and flexibility
Emerging utility business models
This article is from our latest Energy Spectrum and the January 2022 issue of EEnergy Informer, a newsletter edited by Fereidoon Sioshansi of Menlo Energy Economics and editor of Variable Generation, Flexible Demand. As numerous prior articles have pointed out, the traditional utility business model seems to be on its...
Energy storage and flexibility
Batteries, the Capacity Market and the challenge of Extended Performance – Part 2
In a previous blog published on Monday 25 October, we discussed the issue of Extended Performance Tests within the GB Capacity Market (CM). In summary, due to degradation overtime it is currently not possible for batteries to be paid for their full capacity in the CM without risking significant fines....
Announcement
Cornwall Insight Australia’s Alba Ruiz Leon features in KPMG 30 Voices on 2030
Alba Ruiz Leon, Managing Director of Cornwall Insight Australia, an award-winning international firm delivering comprehensive insight that enables businesses, markets, and policymakers to succeed in the net zero transition, features in KPMG’s 30 Voices on 2030 – The Future of Energy report. Cornwall Insight is a pre-eminent provider of energy...
Home supply and services
Rocketing energy prices and failing suppliers—what is happening?
Sky high gas prices and energy suppliers going out of business have been key headlines in the news over recent weeks, but what is actually happening? Through the COVID-19 pandemic we saw much lower gas prices, which have been surging upwards since the spring and risen rapidly through the summer, a time...
Announcement
Your invite to our wholesale Summer Outlook 2021 webinar
We are delighted to invite you to our wholesale Summer Outlook webinar. On 12 May, Cornwall Insight will be hosting an open webinar covering our independent views, analysis and outlook of the upcoming summer 2021 period. As part of this session, we will explore a range of both historic and...
