What's your name?
What’s your current job?
Principal Consultant with Pöyry Management Consulting – responsible for our work in Irish wholesale energy market
How long have you held the position?
I joined Pöyry in 2013
Can you describe your daily work routine?
Highly variable! Supporting clients in the Irish wholesale electricity market, with all the current changes happening, means each day can be quite different to previous. Activity in transactions on energy assets, especially renewable generation, continues to be strong in the market; and the new opportunities (and threats) presented by I-SEM, DS3 as well as external factors such as the rapid reductions in many technology costs, combine to make understanding the commercial perspective of participation in the market a very interesting, and significant challenge.
What is your professional background?
My work at Pöyry has focussed on supporting clients in a wide range of projects, centred on the wholesale electricity markets of Ireland, GB and more widely across Europe.
Before joining Pöyry I was with Centrica in the UK for 12 years, largely in business development positions looking at commercial and regulatory issues of the wholesale electricity, carbon and other commodity markets. Prior to Centrica, I was working for Enron’s B2B energy supply company in the UK.
Tell me about yourself away from work?
Life outside of work is busy but highly enjoyable, with a family including three children under 10 to focus on, as well as a number of sporting interests to fit in when time allows – particularly bikes, cricket and football.
Tell us something very few people know about you?
I enjoy listening to a wide range of music, and am just starting out learning to play the drums.
You are speaking at the forthcoming National Power Summit in Dublin. What is the focus of your talk?
I’m going to be taking a look at issues relating to the design of the new Renewable Electricity Support Scheme for Ireland. The new scheme is fundamental to allowing Ireland to maximise its potential for accelerating the decarbonisation of the energy system, and some key factors in its design will be critical to the effectiveness of the scheme.
Many European countries have been through a process of establishing new support schemes in recent years, and I will discuss some of these, highlighting those elements that may need to be considered within the new RESS.
In your opinion what are the main trends and disruptions having effect on the power value chain?
Good progress has been made on both I-SEM and DS3 programs in the Irish market, though both still need continued focus and effort to reap the expected benefits for participants and consumers. There is clearly great uncertainty surrounding how Brexit will play out in practise, although it is comforting to see the general level of consensus that exists around the benefits to all parties of maintaining the single electricity market across the island.
The striking fall in technology costs seen across Europe and further afield, on both renewables and battery costs, will intensify the impacts of these on the power market and could lead to some significant changes in where value resides in the market if the ambitious levels of deployment mooted occur.
What changes do you envisage for the sector in Ireland over the next five years?
Ireland will make a growing contribution to decarbonisation across Europe, reflecting further investment in renewable electricity, but also greater progress in addressing the heat and transport sectors.
The ongoing digital revolution being seen in many areas of the economy looks set to bring changes to the energy sector also in coming years –how these changes will be felt and the reaction of existing market players to these will be very interesting.
Andy Kelly is appearing at The National Power Summit. The agenda and further details for this important national event, at Croke Park on January 30th, is available at powersummit.ie