Saturday December 7, 2019

Auctions will offer guaranteed price for renewable electricity

Projects to bid for contracts under plan ‘designed to deliver on our commitments to decarbonise our electricity grid’

Daniel Murray

Business Reporter

2nd December, 2019
The Renewable Electricity Support Scheme will be open to a range of technologies, but is likely to be dominated by wind and solar power

A new era of renewable electricity auctions has been announced by the government.

The Renewable Electricity Support Scheme (RESS) invites renewable electricity projects to bid for capacity and receive a guaranteed price for the energy they generate.

The first auction of the RESS was announced by Richard Bruton, the Environment Minister, this morning and is expected to open early next year.

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