Renewable energy prices rise by more than 30% after latest state support auction

📆 5/20/2022 11:47 PM
📰 businessposthq

⏱ Reading Time:
20 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 71%

Energy Energy Headlines News

Energy Energy Latest News,Energy Energy Headlines

A total of 1,948 megawatts were successful at this year’s RESS auction, which cleared at an average price of almost €100 per megawatt hour.

Energy

The average price of renewable energy from the state’s latest Renewable Electricity Support Scheme auction has increased to almost €100 per megawatt hour . Results released by Eirgrid on Friday evening show the average price of renewable energy from successful bids to the 2022 RESS auction stood at just under €98 per MWhr, which is a 32 per cent on the previous auction.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Louth manufacturer to exit examinership after court approves planPremier Periclase came under pressure amid dramatic energy prices rises via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

Corre Energy to expand development portfolioEnergy company Corre Energy said it plans to accelerate and expand its current development portfolio of renewable electricity storage projects across Northern Europe.
Source: RTEbusiness - 🏆 16. / 61 Read more »

Cap energy bills, urges People Before Profit | NewstalkPeople Before Profit have called on the Government to introduce a cap on energy prices, a rent fr...
Source: NewstalkFM - 🏆 19. / 55 Read more »

DCC’s latest pitch to the ESG crowd fails to electrify – for nowCompany promises that green energy can deliver even better profits than its more traditional energy portfolio
Source: IrishTimesBiz - 🏆 6. / 77 Read more »