Wind energy pushes prices down in October

Ireland News News

Wind energy pushes prices down in October
Ireland Latest News,Ireland Headlines
  • 📰 RTEbusiness
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 61%

October 2022 was the best October on record for the volume of electricity produced by Irish wind farms and the share of demand met by the country's main source of renewable energy, the latest report from Wind Energy Ireland shows.

The latest figures mean that wind energy has supplied 33% of Ireland's electricity demand this year to the end of October.

Wind Energy Ireland said that as the average wholesale electricity price fell to its lowest level since August 2021 the report emphasised again the contribution wind energy is making to insulating Irish families and businesses from the worst effects of the fossil-fuel energy crisis. The large fall in wholesale electricity prices was due to the combined effect of large volumes of wind energy on the system reducing the need for gas and a steep drop in European gas prices as unreasonably mild weather across the continent caused a fall in demand, it added.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

RTEbusiness /  🏆 16. in İE

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wind powers close to half of Irish electricity in OctoberWind powers close to half of Irish electricity in OctoberWholesale energy prices fell 52% on average in October to €136.27, the lowest since August 2021 via IrishTimesBiz
Read more »

Strong to gale force wind warning in place for some coastal countiesStrong to gale force wind warning in place for some coastal countiesGusts of 100 km/h have already been recorded in Co Cork.
Read more »

Met Eireann issue 'severe and damaging' nationwide wind and rain warningMet Eireann issue 'severe and damaging' nationwide wind and rain warningMet Eireann has issued a nationwide wind and rain warning for the whole of Ireland which could lead to potential flooding and overtopping waves along the Atlantic coast.
Read more »

Ireland weather live as rare double warning issued amid brutal storm forecastIreland weather live as rare double warning issued amid brutal storm forecastMet Eireann typically issues alerts for singular weather events, however a rare double warning for both wind and rain is in place for all of Ireland on Wednesday.
Read more »

Yellow Rain And Rain Warning For Entire CountryYellow Rain And Rain Warning For Entire CountryMet Eireann is warning of gale force winds and spot flooding, as the entire country is under a yellow rain and wind warning.The yellow alert is in effect unt...
Read more »



Render Time: 2025-03-12 16:32:33