Irish system operators have issued an amber alert over tightening power capacity margins on the all-island grid.
The Single Electricity Market Operator, a joint venture between TSOs Eirgrid and SONI, said the alert comes into force from 4pm today.
The warning has been issued as demand has increased due to a cold snap with generation from renewables dropping because of weather conditions, leaving a narrow gap between system demand and available generation.
“Please be aware that the TSO(s) are taking measures at high prices which may impact on the Balancing Market prices,” said the SEMO.
“This alert is in place until further notice. A further communication will be issued when the System Alert has been lifted.”
Sursa foto: wikipedia
From now on, electricity will be cheaper on the free market than on the universal service market, so that people should conclude new contracts on the free market if they want lower prices, Zoltan Nagy-Bege, vice-president of the National Energy Regulatory Authority (ANRE), told AGERPRES on Monday.
This is in the context in which, from January 1, 2021, the electricity market will be completely liberalized, and consumers who remain with the old contracts will pay higher bills with values between 13% and 26% on the market for universal service (former regulated market).
Asked why prices are rising so much, the ANRE representative pointed out that the market for universal service is a kind of safety net for those who are left without a supplier, so it is normal for prices here to be higher than in the free market.
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