2003
PA Consulting Group advises Ireland’s CER on new wholesale electricity markets, begins implementation phase
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14 August 2003
The Commission for Energy Regulation (CER) recently announced new wholesale trading arrangements for the electricity market in Ireland, which will come into effect in 2005.
According to the Commissioner for Energy Regulation, Mr. Tom Reeves: “The finalization of the new market arrangements for the buying and selling of electricity represent a fundamental change in the way electricity will be traded in Ireland and is one of the most significant milestones to date as we progress towards the full opening of the electricity market to competition in 2005.”
The new arrangements will encourage market entrants to build power stations in locations where generation is most needed. The prices generators will receive for electricity may vary depending on location. On the other hand, suppliers will pay a uniform wholesale price for electricity. This means that the price final customers pay will not be dependent on where they are located in the country. These new arrangements will also facilitate a move towards an All-Island and Single European electricity market over the coming years.
PA Consulting Group was pleased to assist CER in developing these new trading arrangements and will continue to assist CER through the implementation of the new market. For more information on the new Irish market, visit the CER web site at www.cer.ie
Ireland’s new trading arrangements are the result of extensive consultation with market participants and other stakeholders. The resulting market design has the best features of existing electricity markets and is tailored to Ireland’s situation.
For more information, please contact:
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| Devon Jaffier |
| PA Consulting Group |
| The Chrysler Building |
| 34th Floor |
| 405 Lexington Avenue |
| New York |
| NY 10174 USA |
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Tel: +1 212 973 5939 |
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E-mail:
devon.jaffier@paconsulting.com |
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Notes to editors
PA Consulting Group is a leading management, systems and technology consulting firm, with a unique combination of these capabilities. PA has broad experience establishing competitive energy markets around the world in Asia Pacific, Europe and the US.
Established almost 60 years ago, and operating worldwide from over 40 offices in around 20 countries, PA draws on the knowledge and experience of around 3,300 people, whose skills span the initial generation of ideas and insights all the way through to detailed implementation.
PA builds strategies for the creation and capture of shareholder and customer value, and helps clients accelerate business growth through innovation and the application of technology. PA distinguishes itself from its competitors through the range and quality of its people, the depth of its industry insight, its development and use of technology, and also its independence and culture of respect, collaboration and flexibility in working with clients.
PA’s electricity industry reform and market team is second to none, with a strong combination of electricity market and economic expertise, project management skills and discipline, and management consulting skills. We have expertise in the entire process of electricity market and industry reform in several markets - from initial planning, to consultation, to market trials, to market start, to making later refinements in operating markets.
We are proud that our clients say, “PA makes it happen.”
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