This paper examines peat power production in Ireland under the three pillars of energy policy--security, competitiveness and environment. Peat contributes to energy security--as an indigenous fuel, it reduces dependency on imports. During a period of low capacity margins, the operation of the...

Ireland imports 88% of its energy requirements. Oil makes up 59% of total final energy consumption (TFC). Import dependency, low fuel diversity and volatile prices leave Ireland vulnerable in terms of energy security. This work models energy security scenarios for Ireland using long term...

Efforts to meet climate change mitigation and energy security targets spur investments in variable renewable energy sources. Their implications for the operation of power plants are frequently investigated drawing on unit commitment and dispatch models. However, the temporal granularity and...

Ireland's Renewable Energy Feed-In Tariff (REFIT) for wind generation has some unusual features making it different from other REFIT schemes around the world. By utilising an annual floor price element the scheme presents an option value to the contract holder, which to date has gone unnoticed...

We employ Monte Carlo analysis to determine the distribution of returns for various electricity generation technologies. Costs and revenues for each technology are arrived by means of a sophisticated unit commitment and economic dispatch algorithm. The results show that small amounts of coal...