Renewable Energy: General
Question: What is renewable energy?
Answer: Renewable energy comes from energy resources that are continuously replenished through the cycles of nature. Unlike fossil fuels, their supply will never become exhausted.The main sources of renewable energy are the sun (solar energy), the wind, moving water (hydropower, wave and tidal energy), heat below the surface of the earth (geothermal energy) and biomass (wood, waste, energy crops).
Question: What are the benefits of renewable energy?
Answer:
Question: How can I sell electricity generated from renewables?
Answer:
There are five routes for selling electricity generated from renewables:
1. Projects successful in AER competition are awarded power purchase agreements with ESB
Government supported Alternative Energy Requirement (AER) competitions have run since 1994. The AER programme operates as a competitive process. Following a call for tenders, competitors are assessed on the bid price per unit of electricity. Successful competitors are offered an ESB power purchase agreement of up to fifteen years.
2. Projects supported under EU RTD programme are awarded power purchase agreements with ESB
Projects successful under the EU Fifth Framework programme (Energie) are guaranteed access to the electricity network. The price offered in the power purchase agreement will be the average of the prices bide in the relevant category of the preceding AER competition. This continues the support offered to successful Thermie projects under the previous framework programme.
3. Sell direct to customers
The Electricity Regulation Bill, enacted in July 1999, includes provision for electricity generated from renewables to be sold direct to any customer from February 2000. A renewable energy company could therefore sell to businesses, local authorities, individuals, or any other customer in the State at mutually agreed prices. (Approval of key elements of the new regime, including use of system charges, is a function of the Commission for Electricity Regulation.)
Renewable energy generators, especially those using intermittent resources such as wind, need electricity trading arrangements to allow them to adjust for short falls or surpluses in their output. A transitional electricity trading system has been proposed under which the independent sector will be able to purchase power shortfalls ('top-up') from and sell power surpluses ('spill') to ESB. For more information see the Department of Public Enterprise press release (24th June: O' Rourke Announces Details of Proposals for Interim Electricity Trading Arrangements. http://www.irlgov.ie/tec/press/press.htm)
4. Sell to ESB
To date, it has been possible for to negotiate individual contracts to sell electricity to ESB even where AER or Thermie power purchase agreements have not been awarded. However, since the launch of AER in 1994, unit prices paid in these cases have been very low as they are based on ESB's 'avoidable fuel price', currently about 1.7-1.9 pence per kWh. This option is therefore only suitable to provide a bonus income for projects where the main objective is self-supply.
5. Use it yourself
Of course, individuals, businesses and communities can benefit from renewable energy simply by generating energy for their own use - to reduce heat or electricity bills.
Question: Isn't it cheaper to save electricity?
Answer: It is cheaper to save electricity than to generate it, by whatever method. The latest information on how much it costs to save electricity is available from the Energy Savings Trust. In their Energy Efficiency Standards of Performance Review, they cited the cost of energy efficiency measures as costing around 1.3 pence per kilowatt hour (per unit). The cost of wind energy is currently around 2.4 pence per unit.
If you have any queries or suggestions, please contact us at:
Mayo Energy Agency Ltd
Arran Place
Ballina
Co. Mayo
Phone: (096) 76113
Fax: (096) 76199
Email: MayoEnergy@eircom.net