RESS is the new Renewable Electricity Support Scheme in Ireland
RESS is the new Renewable Electricity Support Scheme in Ireland. RESS will provide financial support to renewable electricity projects in the Republic of Ireland. It is a pivotal component of the National Energy and Climate Plan and is essential for achieving Ireland’s 70% renewable electricity target by 2030. Auctions will decide which generators will receive contracts.
The first RESS auction will be delivered by a number of organisations and agencies, namely Department of Communications, Climate Action and Environment (DCCAE), Commission for Regulation of Utilities (CRU) and EirGrid, working together.
Overall scope of RESS
The overall scope of RESS-1 can be described as follows:
EirGrid has been tasked with implementing and operating the majority of auction processes for RESS-1. It involves working with DCCAE and CRU on the detailed design and Terms and Conditions for the scheme. It also includes the development of agreed procedures, documentation processes and systems required for auction. The operational phase will involve engagement with industry and the wider public during qualification and auction phases.
An industry update will be provided by conference call on Wednesday 18th December 2019 from 09:00 – 10:00. Please register for this event and other RESS updates by emailing RESS@EirGrid.com. The slidedeck is available here.