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Ireland energy report

Ireland energy report
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Format
2 files (PDF report, Excel file)
Pages
38 (Report only)
Delivery
Immediate by e-mail
Table of Contents
  • GENERAL OVERVIEW
  • INSTITUTIONS AND ENERGY POLICY
  • ENERGY SUPPLY
  • ENERGY PRICES
  • ENERGY CONSUMPTION
  • ISSUES AND PROSPECTS
  • DATA TABLES
  • ABBREVIATIONS
  • GLOSSARY

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Overview

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 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.

Highlights

  • Around 5.5 GW of renewables and storage have received authorisation of grid connection in 2020 and 2021.
  • The first carbon budget has been approved, setting an emission ceiling at 295 MtCO2eq over 2021-2025.
  • Gas production at Kinsale ceased in 2020 with the depletion of reserves.
  • BnM ended peat production in 2020 to focus on renewable energy.
  • Gas imports have increased by almost 70% since 2018 to offset the closure of Kinsale.
  • Natural gas represents half of the power mix, while wind is surging (+28 pp since 2010 to 38% in 2020).
  • In order to address rising energy costs, the VAT rate on gas and electricity was cut to 9% until October 2022.
  • The gas price for industry has risen by 4%/year since 2016.
  • Total energy consumption has been decreasing by 2%/year since 2018.
  • The share of gas in the energy mix has increased by 7 pp since 2015, reaching 35% in 2020, while the share of coal and peat dropped by 10 pp to 6% in 2020.
  • The 700 MW Celtic interconnector project between Ireland and France has been approved.
  • The first batch of offshore wind projects for Maritime Area Consents will be issued in second half 2022.

36 TWh

final energy savings targeted for 2021-2030.

7GW

offshore wind target for 2030.

50%

gas in the power mix (2020).

  • 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

    Oil:

    In addition to VAT, the excise tax for gasoline amounts to €63.7c/l and for diesel to €53.5c/l (2021). The road fuel prices are very close to the EU average. Prices vary with international crude oil prices.

    Graph: GASOLINE & DIESEL PRICES (€/l)

  • 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.

  • GRAPH 1: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2020, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2020, %)
  • GRAPH 5: Gasoline & diesel prices (€/l)
  • GRAPH 6: Electricity prices for industry and households (€c/kWh)
  • GRAPH 7: Gas prices for industry and households (€c/kWh GCV)
  • GRAPH 8: Consumption trends by energy source (Mtoe)
  • GRAPH 9: Total consumption market share by energy (2020, %)
  • GRAPH 10: Final consumption market share by sector (2020, %)
  • GRAPH 11: Oil consumption (Mt)
  • GRAPH 12: Oil consumption breakdown by sector (2020, %)
  • GRAPH 13: Electricity consumption (TWh)
  • GRAPH 14: Electricity consumption breakdown by sector (2020, %)
  • GRAPH 15: Natural gas consumption (bcm)
  • GRAPH 16: Gas consumption breakdown by sector (2020, %)
  • GRAPH 17: Coal consumption (Mt)
  • GRAPH 18: Coal consumption breakdown by sector (2020, %)
  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
  • Infrastructure Projects: Covers power plant projects by energy, technology, status and operator, gas plant projects by status and operator and LNG contracts.

The Ireland energy market data since 1990 and up to 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:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Ireland Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Ireland energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).

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:

  • New capacities: Current power mix, installed capacity at date, capacity under construction and under development.
  • Power Sector Performances: Historical data on installed capacity, power generation, thermal power plants inputs, average thermal power plant efficiency, CO2 emissions of the power sector, carbon factor of the power sector.