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

@danieltmurray
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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Study finds climate change poses danger to homes bought over past ten years, particularly in Louth and Clare

Daniel Murray | 5 days ago

Firms would sign contract for exclusive use of fleet of bikes or electric bikes, under new corporate offering

Peter O'Dwyer | 5 days ago

Despite stricter EU rules and an increase in electric cars, the popularity of fuel-heavy SUVs has cancelled out improvements in carbon efficiency across Europe

Daniel Murray | 1 week ago