36 TWh
final energy savings targeted for 2021-2030.
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This analysis includes a comprehensive Ireland energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2020 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Highlights
36 TWh
final energy savings targeted for 2021-2030.
7GW
offshore wind target for 2030.
50%
gas in the power mix (2020).
Abstract
Institutions & Energy Policy
The Department of Communications, Climate Action, and Environment (DCCAE) is responsible for the country's overall energy policy, including energy security, and competitiveness, governance of public energy companies and sustainable energy policy.
Energy Supply
Gas:
Natural gas production has decreased by 43% since 2018 due to the closure of the Kinsale Area gas fields, reaching 2 bcm in 2020. The commissioning of the Corrib field in 2016 allowed the country to reach a production peak of 3.2 bcm in 2016 and 2017.
Energy Prices
Electricity:
The prices of electricity are driven by the international gas price, as gas dominates the power mix. The electricity price reached €25.1c/kWh for households and €14.7c/kWh for industries in 2021. These prices are close to the EU average.
Energy Consumption
In 2020, consumption per capita was 2.6 toe (down from 3.2 toe in 2010) and 10% below the EU average. Per capita electricity consumption was 5 700 kWh in 2020, in line with the EU average.
Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)
Issues & Prospects
Electricity:
According to the Draft Generation Capacity Statement 2020-2029, EirGrid expects the electricity demand to grow in a range of 23% (low scenario) to 53% (high scenario) in 2029 reaching 37 TWh and 46 TWh, respectively. A key driver for electricity demand for the decade to come is the connection of large data centres which are expected to amount to 27% of total electricity demand in 2029.
Below is a list of the Ireland energy market report graphs:
In the Ireland energy market report you will find the following tables:
The Ireland energy market data since 1990 and up to 2020 is included in the Excel file accompanying the Ireland country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The Ireland country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
Projections Data (Excel Sheet)
The Ireland country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.
Data included in the excelsheet:
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