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Power prices rocket amid global gas crunch
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Protests Break Out in Europe As Electricity Prices Soar
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Investegate |Moyle Intercon (Fin) Announcements | Moyle Intercon (Fin): New Director Appointed to Mutual Energy
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The U.K.’s exit from the European Union at the start of 2021 has somewhat predictably affected British business sectors ranging from musicians to lobster exporters. But there’s another Brexit victim that had nothing to do with the U.K.’s departure from the EU: the Irish energy market.
All of Ireland’s energy interconnections with Europe run through Great Britain. And since the U.K. is no longer part of the EU’s internal energy market (IEM), both islands have been suffering from increased supply volatility.
However, the problem is eight times bigger in Ireland because of the significance of electricity imports relative to the size of its grid, according to Phil Hewitt, director of EnAppSys, an energy data, consultancy and information services provider.
Amber alert issued by Eirgrid as electricity system comes under pressure to meet demand
The warning came as Eirgrid are set to close two peat-fueled power plants in the Midlands. By Niall O Connor Friday 11 Dec 2020, 1:42 PM Dec 11th 2020, 1:42 PM 28,411 Views 57 Comments
Image: Eirgrid An Amber Alert was issued by Eirgrid as the electricity supply system came under pressure.
AN AMBER ALERT was declared this week by Eirgrid as the electrical supply system came under sustained pressure to meet a high demand.
The company wide internal warning was issued on Wednesday shortly after 5pm as record levels of energy consumption put the grid under threat.