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The latest round of Capacity Market auctions saw both the T‑1 and T‑4 auctions clear at multi‑year low prices, marking a significant shift from recent years in which clearing prices have consistently landed at much higher levels.
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Tension in the Middle East is sending ripples through global energy markets and Ireland is feeling the impact.
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The past two weeks have seen escalating conflict in the Middle East. Below is a brief overview of what has happened, and why energy markets are watching developments so closely.
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Connecting large energy users (LEUs) such as data centres can provide additional demand to take advantage of excess renewable generation and reduce the rates of curtailment and locational constraints.
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