Friday July 10, 2020

Moneypoint generator fails in 2021 electricity auction bid

Auction result suggests carbon pricing is making coal-fired generation uncompetitive

Daniel Murray

Business Reporter

12th January, 2020
Carbon pricing may be beginning to work, making coal uncompetitive.

One of three coal-fired electricity generators at Moneypoint in Co Clare has failed in a key electricity auction for 2021.

The failed bid may indicate that carbon pricing is beginning to squeeze coal generation out of the market and raises the prospect that Moneypoint could be wound down earlier than its 2025 deadline. The ESB has committed to ceasing coal generation at Moneypoint by 2025 and is currently examining options for other forms of electricity generation...

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