Renewable energy prices rise by more than 30% after latest state support auction
A total of 1,948 megawatts were successful at this year’s RESS auction, which cleared at an average price of almost €100 per megawatt hour.
The average price of renewable energy from the state’s latest Renewable Electricity Support Scheme (RESS) auction has increased to almost €100 per megawatt hour (MWhr).
Results released by Eirgrid on Friday evening show the average price of renewable energy from successful bids to the 2022 RESS auction stood at just under €98 per MWhr, which is a 32 per cent on the previous auction.
A total of 1,948 megawatts (MW) were successful at this year’s ...