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Ireland Power Market Outlook to 2030

Business Propensity Indicator (BPI), Market Trends, Regulations and Competitive Landscape GDPE0631ICR / Published January 2013

GDPE0631ICR / Published JAN 2013 Ireland Power Market Outlook to 2030 - Business Propensity Indicator

(BPI), Market Trends, Regulations and Competitive Landscape © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form

Gas-Fired Thermal Power Dominates Ireland’s Power Sector

Gas-fired thermal power capacity was the dominant source of power in Ireland in 2011 with a market share of XX% of the total installed capacity. The share of gas-based capacity in the country in comparison to coal and oil has been increasing, going from XX% in 2000 to XX% by 2011. The next largest source of installed capacity is onshore wind power, which held a share of XX% in 2011. The country also has installed coal, oil, large and small hydro, biogas and offshore wind power plants, which account for the remaining share of installed capacity.

Power Market, Ireland, Breakdown by Type of Power Plant (%), 2011

Wind (onshore)

Gas (thermal)

Oil (thermal)

Large hydro including pumped storage

Others including small hydro, biogas, and

offshore wind

Coal (thermal)

Source: GlobalData, Power eTrack, Capacity and Generation Database [accessed on November 21, 2012]

Continued Growth in Power Generation and Consumption

Between 2000 and 2011, power consumption in Ireland experienced growth due to population growth and limited economic expansion. Electricity consumption increased from XX Gigawatt hours (GWh) in 2000 to XX GWh in 2011, at a Compound Annual Growth Rate (CAGR) of XX%. Electricity generation also increased during the same period, at a CAGR of XX% from XX GWh in 2000 to XX GWh in 2011.

Power Market, Ireland, Annual Power Consumption and Generation (GWh), 2000, 2005, 2011

2000 2005 2011

Tota

l gen

erat

ion

(GW

h) a

nd c

onsu

mpt

ion

(GW

h)

Annual consumption (GWh) Annual generation (GWh) Source: GlobalData, Power eTrack, Capacity and Generation Database [accessed on November 21, 2012]

Renewable Power Capacity to Dominate Ireland’s Power Sector

The renewable power sector grew at a CAGR of XX% between 2000 and 2011 in Ireland. It is expected to grow at a CAGR of XX% during the forecast period (2012-2030) and increase its share to XX% by 2030. However, thermal capacity is expected to decline due to the fact that Ireland imports most of the fossil fuel (gas and oil) that it uses for power generation and the Irish government intends to reduce this energy import. An increase in renewable power capacity is expected to offset the gap that will be created by the reduction in thermal power capacity.



1 Table of Contents 1 Table of Contents ............................................................................................................................ 3

1.1 List of Tables............................................................................................................................. 5 1.2 List of Figures............................................................................................................................ 5

2 Introduction ..................................................................................................................................... 6 2.1 GlobalData Report Guidance ..................................................................................................... 7

3 Ireland, Power Market, Business Propensity Indicator Methodology................................................... 8 3.1 Methodology for Evaluating the Business Propensity Indicator for Ireland in Western Europe....... 8

3.1.1 Supply Security ................................................................................................................ 8 3.1.2 Regulatory Scenario ......................................................................................................... 8 3.1.3 Infrastructure .................................................................................................................... 9 3.1.4 Macroeconomic Scenario.................................................................................................. 9 3.1.5 Competitive Scenario...................................................................................................... 11 3.1.6 Future Potential .............................................................................................................. 11

3.2 Methodology Adopted to Arrive at Final Rank ........................................................................... 12 4 Ireland, Power Market, Business Propensity Indicator ..................................................................... 14

4.1 Supply Security ....................................................................................................................... 14 4.2 Regulatory Scenario................................................................................................................ 14 4.3 Infrastructure........................................................................................................................... 14 4.4 Competition............................................................................................................................. 15 4.5 Macroeconomic Factors........................................................................................................... 15 4.6 Future Potential....................................................................................................................... 15 4.7 Ireland, Power Market, Business Propensity Indicator Ranking ................................................. 16

5 Ireland, Power Market Analysis, 2000-2030.................................................................................... 17 5.1 Ireland, Power Market, Cumulative Installed Capacity and Annual Generation, 2000-2030......... 17

5.1.1 Installed Capacity, Breakdown by Type of Power Plant, 2011........................................... 17 5.1.2 Cumulative Installed Capacity and Annual Generation, 2000-2030 ................................... 18 5.1.3 Cumulative Thermal Power Installed Capacity and Annual Thermal Generation, 2000-2030

...................................................................................................................................... 20 5.1.4 Cumulative Hydropower Installed Capacity and Annual Hydropower Generation, 2000-2030

...................................................................................................................................... 22 5.1.5 Cumulative Renewable Power Installed Capacity and Annual Renewable Power Generation,

2000-2030...................................................................................................................... 24 5.2 Ireland, Power Market, Import and Export Scenario .................................................................. 26 5.3 Ireland, Power Market, Annual Power Consumption ................................................................. 27 5.4 Ireland, Power Market, Electricity Consumption by Sector, 2011 ............................................... 29

6 Ireland, Power Market, Infrastructure Overview............................................................................... 30 6.1 Ireland, Power Market, Leading Active Power Plants ................................................................ 30

6.1.1 Leading Thermal Power Plants........................................................................................ 30 6.1.2 Leading Hydropower Plants ............................................................................................ 31 6.1.3 Leading Renewable Power Plants................................................................................... 31

6.2 Ireland, Power Market, Leading Upcoming Power Plants .......................................................... 32 6.2.1 Leading Thermal Power Plants........................................................................................ 32 6.2.2 Leading Renewable Power Plants................................................................................... 32

6.3 Ireland, Power Market, Transmission Network Overview........................................................... 33 6.4 Ireland, Power Market, Distribution Network Overview.............................................................. 34 6.5 Ireland, Power Market, Grid Interconnection............................................................................. 35 6.6 Ireland, Power Market, Electricity Trading................................................................................. 35

7 Ireland, Power Market, Regulatory Scenario ................................................................................... 36 7.1 Overview................................................................................................................................. 36 7.2 Market Liberalization ............................................................................................................... 36 7.3 Energy Efficiency and Conservation......................................................................................... 36

7.3.1 Accelerated Capital Allowance ........................................................................................ 37 7.3.2 Energy Star .................................................................................................................... 37 7.3.3 Micro-generation in Ireland.............................................................................................. 37

7.4 Renewable Energy Policy ........................................................................................................ 37 7.4.1 Electricity Regulation Act 1999........................................................................................ 37 7.4.2 Feed-in Tariff .................................................................................................................. 38

8 Ireland, Power Market, Competitive Landscape - Snapshot of Leading Power Generation Companies..................................................................................................................................................... 39



8.1 Ireland, Power Market, Market Share of Leading Power Generation Companies, 2010 .............. 39 8.2 Ireland, Power Market, Key Company in the Irish Power Market: ESB Group ............................ 40

8.2.1 Company Overview ........................................................................................................ 40 8.2.2 Business Overview ......................................................................................................... 40 8.2.3 SWOT Analysis .............................................................................................................. 41

9 Appendix....................................................................................................................................... 44 9.1 Market Definitions.................................................................................................................... 44

9.1.1 Power............................................................................................................................. 44 9.1.2 Installed Capacity ........................................................................................................... 44 9.1.3 Active Installed Capacity ................................................................................................. 44 9.1.4 Electricity Generation...................................................................................................... 44 9.1.5 Electricity Consumption................................................................................................... 44 9.1.6 Thermal Power Plant ...................................................................................................... 44 9.1.7 Hydropower Plant ........................................................................................................... 44 9.1.8 Nuclear Power................................................................................................................ 44 9.1.9 Renewable Energy Resources ........................................................................................ 44

9.2 Abbreviations .......................................................................................................................... 45 9.3 Bibliography ............................................................................................................................ 46 9.4 GlobalData’s Methodology....................................................................................................... 47

9.4.1 Coverage ....................................................................................................................... 47 9.4.2 Secondary research and analysis.................................................................................... 47 9.4.3 Primary Research and Analysis....................................................................................... 48

9.5 Contact Us .............................................................................................................................. 48 9.6 Disclaimer ............................................................................................................................... 48



1.1 List of Tables Table 1: Ease of Doing Business-Categories and Definitions............................................................. 10 Table 2: Country Risk-Categories and Sub-categories....................................................................... 10 Table 3: BPI Scoring Parameters...................................................................................................... 13 Table 4: Power Market, Ireland, Cumulative Installed Capacity Breakdown by Type of Power Plant (%),

2011................................................................................................................................... 17 Table 5: Power Market, Ireland, Cumulative Installed Capacity (MW) and Annual Power Generation

(GWh), 2000-2030.............................................................................................................. 19 Table 6: Power Market, Ireland, Cumulative Thermal Power Capacity (MW) and Annual Thermal Power

Generation (GWh), 2000-2030 ............................................................................................ 21 Table 7: Power Market, Ireland, Cumulative Hydropower Installed Capacity (MW) and Annual

Hydropower Generation (GWh), 2000-2030......................................................................... 23 Table 8: Power Market, Ireland, Cumulative Renewable Power Installed Capacity (MW) and Annual

Renewable Power Generation (GWh), 2000-2030................................................................ 25 Table 9: Power Market, Ireland, Import and Export of Power (GWh), 2000-2011 ................................ 26 Table 10: Power Market, Ireland, Annual Power Consumption (GWh), 2000-2030................................ 28 Table 11: Power Market, Ireland, Electricity Consumption Breakdown by Sector (%), 2011 .................. 29 Table 12: Power Market, Ireland, Leading Active Thermal Power Plants (MW), 2012 ........................... 30 Table 13: Power Market, Ireland, Leading Active Hydropower Plants (MW), 2000-2012 ....................... 31 Table 14: Power Market, Ireland, Leading Active Renewable Power Plants (MW), 2000-2012 .............. 31 Table 15: Power Market, Ireland, Leading Upcoming Thermal Power Plants (MW), 2013-2020............. 32 Table 16: Power Market, Ireland, Leading Upcoming Renewable Power Plants (MW), 2013-2020 ........ 32 Table 17: Power Market, Island of Ireland, Growth in Transmission System Length (Ckm), 2000-2020 . 33 Table 18: Power Market, Island of Ireland, Growth in Distribution System Length (Ckm), 2000-2020..... 34 Table 19: Power Market, Island of Ireland, Transmission Capacity along the Moyle Interconnector, 2012

.......................................................................................................................................... 35 Table 20: Power Market, Ireland, REFIT 1 Reference Prices for Renewable Technologies

(€ and $ per MWh), 2010-2012............................................................................................ 38 Table 21: Power Market, Ireland, REFIT 3 Reference Prices for Biomass Technologies

(€ and $ per kWh), 2012...................................................................................................... 38 Table 22: Power Market, Island of Ireland, Market Share of Leading Power Generation Companies (%),

2010................................................................................................................................... 39 Table 23: Electricity Supply Board, SWOT Analysis............................................................................. 41 Table 24: Abbreviations...................................................................................................................... 45

1.2 List of Figures Figure 1: Weights Assigned to the Six Factors (%), 2000-2020 ........................................................... 12 Figure 2: Power Market, Ireland, Business Propensity Indicator Ranking, 2012 ................................... 16 Figure 3: Power Market, Ireland, Cumulative Installed Capacity Breakdown by Type of Power Plant (%),

2011................................................................................................................................... 17 Figure 4: Power Market, Ireland, Cumulative Installed Capacity (MW) and Annual Power Generation

(GWh), 2000-2030.............................................................................................................. 18 Figure 5: Power Market, Ireland, Cumulative Thermal Power Installed Capacity (MW) and Annual

Thermal Power Generation (GWh), 2000-2030 .................................................................... 20 Figure 6: Power Market, Ireland, Cumulative Hydropower Installed Capacity (MW) and Annual

Hydropower Generation (GWh), 2000-2030......................................................................... 22 Figure 7: Power Market, Ireland, Cumulative Renewable Power Installed Capacity (MW) and Annual

Renewable Power Generation (GWh), 2000-2030................................................................ 24 Figure 8: Power Market, Ireland, Import and Export of Power (GWh), 2000-2011 ................................ 26 Figure 9: Power Market, Ireland, Annual Power Consumption (GWh), 2000-2030................................ 27 Figure 10: Power Market, Ireland, Electricity Consumption Breakdown by Sector (%), 2011 .................. 29 Figure 11: Power Market, Island of Ireland, Market Share of Leading Power Generation Companies (%),

2010................................................................................................................................... 39



2 Introduction Ireland’s economy is an open system dependent on international trade and other services. It witnessed huge growth during the mid to the late 1990s, known as the ‘Celtic Tiger’ period. The economy focuses on trade, industry, investment, and high-tech industries.

A progressive economy saw the country enjoy double-digit Gross Domestic Product (GDP) growth during the 1990s. Ireland was one of the first European countries to endorse the Euro in 2002. Between 1995 and 2007, the economy had a GDP growth rate of XX% (CIA, 2012). However, it started slipping after 2007 with the onset of the global financial crisis. The national GDP fell by XX% in 2008, nearly XX% in 2009, and less than XX% in 2010. The property and construction sectors were the most affected, and as a result, the export sector has become the most important sector contributing to the Irish economy, dominated by multinationals (CIA, 2012).

The Irish banking sector also suffered due to the recession after 2007. Governmental attempts to aid the banks resulted in the enlargement of national budget deficits up to 2010. In 2011, the new government introduced austerity measures that achieved a budget deficit reduction of XX% of GDP in 2011. The country grew moderately in 2011 and the same trend followed in 2012 (CIA, 2012).

The services sector dominates the economy. In 2011, this sector contributed XX% of gross value added at factor cost (value after adjusting for operating subsidies and indirect taxes). The industrial and agricultural sectors contributed XX% and XX% respectively in the same year (ESRI, 2012). On the other hand, the industrial sector was the largest electricity-consuming sector in Ireland in 2011 with a share of XX%. The housing sector was the second largest, accounting for around XX% of the total power consumed (SEAI, 2012).

The population of Ireland increased to XX million by 2011, growing by XX% from 2002 levels (ESRI, 2012). Due to the increase in population as well as some expansion in the economy, electricity consumption rose from XX Gigawatt hours (GWh) in 2000 to XX GWh in 2011.

The Department of Communications, Energy and Natural Resources; which comes under the purview of the Ministry of Communications, Energy and Natural Resources; is responsible for the telecommunications, broadcasting and energy sectors. The Commission for Energy Regulation (CER) is the regulatory body for the electricity and gas sector. The Sustainable Energy Authority of Ireland (SEAI) looks after issues regarding energy efficiency, low-carbon energy sources, demand reduction and improving the quality of sustainable energy products and services. There is a separate regulatory setup for the gas and electricity sector in Northern Ireland, some of which is discussed in the latter sections of this report due to the fact that the country’s power infrastructure is in many cases united with that of Northern Ireland as a cohesive whole. In such cases, we have referred to the area under consideration in this report as the island of Ireland.



2.1 GlobalData Report Guidance This report begins with an executive summary covering the key growth trends in the Irish power

market.

Chapter two provides an introduction to Ireland’s macroeconomic scenario and the Irish power market.

Chapter three covers the methodology used for evaluating the Business Propensity Indicator (BPI).

Chapter four covers the BPI for Ireland.

Chapter five covers cumulative capacity and power generation and segmentation by source of energy between 2000 and 2011, and provides forecast data to 2030. This is followed by information on power imports and exports, and the market consumption scenario between 2000 and 2011, with forecast data provided to 2030.

Chapter six provides information on Ireland’s power infrastructure, including leading active and upcoming power plants according to source of energy, existing and planned developments in transmission, distribution infrastructure, and cross-country interconnections.

Chapter seven describes the power regulatory structure and prominent policies expected to influence the future of the power market.

Chapter eight describes the competitive landscape of Ireland’s power market, with complete descriptions and SWOT analysis provided for the top companies.

Note: The report provides actual or estimated data for 2011, depending upon information availability at the time of writing.

Ireland refers to the Republic of Ireland (ROI), whereas the island of Ireland refers to ROI and Northern Ireland taken together.

GDPE0631ICR / Published JAN 2013 Page 14 Ireland Power Market Outlook to 2030 - Business Propensity Indicator


4 Ireland, Power Market, Business Propensity Indicator

4.1 Supply Security Ireland has a good security of supply for electricity. The country has traditionally been a net importer of electricity; however, net imports have been decreasing due to the rise in total electricity exports.

4.2 Regulatory Scenario The electricity sector in the island of Ireland is dominated by the Electricity Supply Board (ESB) group through XX subsidiaries. The ESB group controlled XX% of the power generation market in 2010. In the transmission sector, the transmission system is wholly owned by ESB Network Ltd.

4.3 Infrastructure Ireland’s electricity infrastructure is quite modern, due to the fact that most of the investment in the power sector occurred after the 1990s when political stability returned and hostilities ceased.



4.4 Competition The ESB group is the dominant power generator in the island of Ireland, holding XX% of the power generation market share in 2010.

4.5 Macroeconomic Factors From a macro perspective, the country has bettered its chances of attracting capital. It improved its ranking in the 2013 Ease of Doing Business index to XX from XX in 2012.

4.6 Future Potential Power generation from gas is expected to remain the dominant form of thermal power generation in the country by 2020 and most investment opportunities are expected to be in this sector.



4.7 Ireland, Power Market, Business Propensity Indicator Ranking The power sector of the Republic of Ireland was one of the later ones in Western Europe to be deregulated. The power market was opened to competition in 2005. However, tariffs continued to be regulated. Full deregulation of the tariffs charged by suppliers was allowed only in 2011. Transmission and distribution still continue to be regulated. Ireland lacks natural resources for power generation and hence needs to import most of the gas and coal it needs for its power plants. Governmental policy strongly encourages renewable power development and some ambitious wind power projects are expected by the end of the decade. Investment in the power sector of this nation is expected to pick up due to the deregulation of retail tariffs.

Figure 2: Power Market, Ireland, Business Propensity Indicator Ranking, 2012

0.0 3.0 6.0 9.0 12.0 15.0 18.0

Source: GlobalData

Ireland features in the lower quartile of the XX Western European countries compared. It ranks below XX. Although Ireland ranks comparatively better than Belgium on ease of doing business, it lags behind Belgium in terms of economic growth.



5.1.3 Cumulative Thermal Power Installed Capacity and Annual Thermal Generation, 2000-2030

Cumulative thermal power capacity in the country increased at a CAGR of XX% from 2000 to 2011, growing from XX MW to XX MW.

The share of gas-fired capacity, which is the dominant form of thermal power generation in the country, increased during the historic period. It constituted XX% of the total thermal power capacity in 2000 and XX% by 2011. On the other hand, the share of coal and oil-based thermal power capacity has been decreasing. Coal-based capacity constituted XX% of the total thermal capacity in 2000 but decreased to XX% in 2011. Similarly, oil-based capacity, which held a share of XX% of the thermal installed capacity in 2000, decreased to XX% by 2011. One of the chief reasons for the decrease in coal and oil-based capacity and the increase in the share of natural gas installed capacity is that gas-fired power plants tend to produce cleaner power than coal and oil.

Thermal power capacity is expected to decrease from XX MW in 2012 to XX MW by 2030 due to the expected decommissioning of gas and oil-fired power plants. Ireland imports most of its oil and gas and the Irish government intends to reduce its import bills. The gap created by this decrease in thermal capacity is expected to be compensated by increasing renewable capacity.

Annual thermal power generation decreased from XX GWh in 2000 to XX GWh in 2011 at a negative CAGR of XX%. Reflecting the decrease in thermal capacity, thermal generation is also expected to decrease at a negative CAGR of XX% from 2012, reaching XX GWh by 2030.

Figure 5: Power Market, Ireland, Cumulative Thermal Power Installed Capacity (MW) and Annual Thermal Power Generation (GWh), 2000-2030

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

Ther

mal

inst

alle

d ca

paci

ty (M

W)

Ther

mal

pow

er g

ener

atio

n (G

Wh)

Cumulative thermal installed capacity (MW) Annual thermal power generation (GWh)




Table 6: Power Market, Ireland, Cumulative Thermal Power Capacity (MW) and Annual Thermal Power Generation (GWh), 2000-2030

Year Cumulative Thermal Installed Capacity (MW) Annual Thermal Power Generation (GWh)

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030




5.4 Ireland, Power Market, Electricity Consumption by Sector, 2011 The industrial sector in Ireland was the highest power-consuming sector in the country in 2011 with a share of XX%, and the residential sector the second largest with a share of XX%. It was followed by the services and agricultural sectors with XX% and XX%, and the transport sector with XX%.

Figure 10: Power Market, Ireland, Electricity Consumption Breakdown by Sector (%), 2011

Industry

Residential

Services

Agriculture Transport

Source: GlobalData; SEAI, 2012

Table 11: Power Market, Ireland, Electricity Consumption Breakdown by Sector (%), 2011 Sector Percentage (%)

Industry

Residential

Services

Agriculture

Transport

Source: GlobalData; SEAI, 2012



9 Appendix

9.1 Market Definitions 9.1.1 Power Power refers to the rate of production, transfer, or energy use, usually related to electricity. It is measured in watts and often expressed in kilowatts (kW) or Megawatts (MW). It is also known as "real" or "active" power.

9.1.2 Installed Capacity Installed capacity refers to the generator’s nameplate capacity, as stated by the manufacturer, or the maximum rated output of a generator under given conditions. Installed capacity is given in MW on a nameplate affixed to the generator.

9.1.3 Active Installed Capacity Active installed capacity refers to a component of electric power that actually performs work. It is given kW or MW.

9.1.4 Electricity Generation Electricity generation refers to the production of electric energy by transforming other forms of energy. It also refers to the amount of electric energy produced, expressed in Gigawatt hours (GWh).

9.1.5 Electricity Consumption Electricity consumption is the sum of electricity generated, plus imports, minus exports, minus T&D losses. It is measured in GWh.

9.1.6 Thermal Power Plant This is a plant where the turbine generators are driven by burning fossil fuels.

9.1.7 Hydropower Plant This is a plant where the turbine generators are driven by falling water.

9.1.8 Nuclear Power Nuclear power refers to the electricity generated by the use of thermal energy, released from the fission of nuclear fuel in a reactor.

9.1.9 Renewable Energy Resources Renewable energy resources are naturally replenishing energy resources that are limited in the amount of energy that is available per unit of time, such as biomass, geothermal, solar and wind energy.



9.2 Abbreviations Table 24: Abbreviations AD Anaerobic Digestion

BPI Business Propensity Indicator

CAGR Compounded Annual Growth Rate

CCGT Combined-Cycle Gas Turbine

CER Commission for Energy Regulation

CHR Combined Heat and Power

Ckm Circuit kilometer

ESB Electricity Supply Board

FIT Feed-in Tariff

GDP Gross Domestic Product

GWh Gigawatt hour

HHI Herfindahl-Hirschman Index

HVDC High-Voltage Direct Current

Hz Hertz

kV kilovolt

kW kilowatt

kWh kilowatt hour

LV Low Voltage

MW Megawatt

MWh Megawatt hour

NIAUR Northern Ireland Authority for Utility Regulation

NIE Northern Ireland Electricity

REFIT Renewable Energy Feed-In Tariff

ROI Republic of Ireland

SAIDI System Average Interruption Duration Index

SEAI Sustainable Energy Authority of Ireland

SEM Single Electricity Market

SMP System Marginal Price

SONI System Operator Northern Ireland

T&D Transmission and Distribution

TCA The Competition Authority

TSO Transmission System Operator

Source: GlobalData



9.3 Bibliography Brown A. (2011). Ireland switching rate one of highest in Europe. edieEnergy, May 3, 2011. Available

from: http://www.edie.net/news/news_story.asp?id=19850&title=Ireland+switching+rate+one+of+highest+in+Europe+ [Accessed on: November 25, 2012].

Commission for Energy Regulation (2012). Regulator’s 2012 National Report to the European Commission. Commission for Energy Regulation Available from: http://www.cer.ie/GetAttachment.aspx?id=08b76687-681a-43a1-87af-ba9ed1881dcc

Central Intelligence Agency (2012). Ireland: The World Factbook. Central Intelligence Agency. Available from: https://www.cia.gov/library/publications/the-world-factbook/geos/ei.html. [Accessed on November 26, 2012].

Energy Information Administration (2011a). International Energy Statistics: Imports [database]. US Energy Information Administration. Available from: http://www.eia.gov/cfapps/ipdbproject/iedindex3.cfm?tid=2&pid=2&aid=3&cid=EI,&syid=2000&eyid=2011&unit=BKWH. [Accessed on November 25, 2012].

Energy Information Administration (2011b). International Energy Statistics: Imports [database]. US Energy Information Administration. Available from: http://www.eia.gov/cfapps/ipdbproject/iedindex3.cfm?tid=2&pid=2&aid=4&cid=EI,&syid=2000&eyid=2011&unit=BKWH. [Accessed on November 25, 2012].

EirGrid and System Operator Northern Ireland (2012a). All-Island Transmission System Forecast Statement 2012-2018. EirGrid Plc and System Operator for Northern Ireland Ltd. Available from: http://www.eirgrid.com/media/All-Island%20Transmission%20Forecast%20Statement%202012%20-%202018.pdf.

EirGrid and System Operator Northern Ireland (2012b). All-Island Generation Capacity Statement 2012-2021. EirGrid Plc and System Operator for Northern Ireland Ltd. Available from: http://www.eirgrid.com/media/All-Island%20GCS%202012-2021.pdf.

Energy and Natural Resources (2012a). Delivering a Sustainable Energy Future for Ireland, The Energy Policy Framework 2007 - 2020. Department of Communications, Energy and Natural Resources. Available from: http://www.dcenr.gov.ie/NR/rdonlyres/54C78A1E-4E96-4E28-A77A-3226220DF2FC/30374/EnergyWhitePaper12March2007.pdf

Energy and Natural Resources (2012b). REFIT. Department of Communications, Energy and Natural Resources. Available from: http://www.dcenr.gov.ie/Energy/Sustainable+and+Renewable+Energy+Division/REFIT.htm [Accessed on November 27, 2012].

Energy and Natural Resources (2012c). Renewable Energy Feed in Tariff 2012, A Competition for Electricity Generation -from Biomass Technologies 2010-2015, REFIT 3. Department of Communications, Energy and Natural Resources. Available from: http://www.dcenr.gov.ie/NR/rdonlyres/05441877-FC28-4A6C-8F5F-0EEAC8271DDF/0/REFIT3TermsandConditionsAugust2012.pdf.

Economic and Social Research Institute (2012). Irish Economy. The Economic and Social Research Institute. Available from: http://www.esri.ie/irish_economy/. [Accessed on November 26, 2012].

Sustainable Energy Authority of Ireland (2012). Energy Balance [database], 2011, Sustainable Energy Authority of Ireland. Available from: http://www.seai.ie/Publications/Statistics_Publications/Energy_Balance/2011_Energy_Balance_xls.xls. [Accessed on November 26, 2012].

The Competition Authority (2010). Competition in the Electricity Sector, December 2010. The Competition Authority. Available from: http://per.gov.ie/wp-content/uploads/Document-112-7-12-10.pdf.

The World Bank (2012). Ease of Doing Business in Ireland. The World Bank Group. Available from: http://www.doingbusiness.org/data/exploreeconomies/ireland/. [Accessed on November 25, 2012].



Utility Regulator (2012). Northern Ireland Electricity Transmission and Distribution Price Controls 2012-2017 Draft Determination. Utility Regulator Electricity Gas Water. Available from: http://www.uregni.gov.uk/uploads/publications/RP5_Draft_Determination_-_Main_Paper_19-04-12.pdf.

Worldwide Governance Indicators (2012). The Worldwide Governance Indicators, 2012 Update. The World Bank Group. Available from: http://info.worldbank.org/governance/wgi/pdf/wgidataset.xlsx. [Accessed on November 25, 2012].

9.4 GlobalData’s Methodology GlobalData’s dedicated research and analysis teams consist of experienced professionals with backgrounds in marketing, market research and consulting in the power industry, and advanced statistical expertise.

GlobalData adheres to the codes of practice of the Market Research Society (www.mrs.org.uk) and the Strategic and Competitive Intelligence Professionals (www.scip.org).

The following research methodology is followed for all country outlook reports.

9.4.1 Coverage This report gives detailed information on the country’s power market. It examines the country’s power market structure and provides historical and forecast numbers for generation, capacity and consumption up to 2030. The report provides insights on the market’s regulatory structure, import and export trends, competitive landscape and leading active and upcoming power projects.

9.4.2 Secondary research and analysis The capacity, generation and consumption data is collected and validated using a number of secondary resources including but not limited to:

Government agencies, ministerial websites, industry associations, the World Bank, statistical databases

Company websites, annual reports, financial reports, broker reports and investor presentations

Industry trade journals, market reports and other literature

GlobalData’s proprietary databases like the Capacity and Generation Database, Power Plant Database and Transmission and Distribution Database.

Further to this, the following secondary information is collected and analyzed to project the country’s power market scenario through to 2030, analyzing factors such as the following:

The country’s macroeconomic scenario

Government regulations, policies and targets

Government and private sector investments

Contract and deal announcements

Utility expansion plans

The sector’s historic track record

Other qualitative insights built through secondary research and analysis of company websites, annual reports, investor presentations, industry and trade journals, and data from industry associations.



9.4.3 Primary Research and Analysis Secondary research is further complemented through primary interviews with industry participants to verify and fine-tune the market numbers obtained through secondary research and get first-hand information on industry trends.

The participants are drawn from a diverse set of backgrounds, including equipment manufacturers, industry associations, government bodies, utilities, distributors, and academia. The participants include, but are not limited to, C-level executives, industry consultants, academic experts, business development and sales managers, purchasing managers, plant managers, government officials, and industry spokespeople.

9.6 Disclaimer All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher, GlobalData.

This report is a licensed product and should not to be reproduced without prior permission.

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