The Ireland Electricity Market operates under the model of the Single Electricity Market (SEM), an integrated wholesale market covering the Republic of Ireland and Northern Ireland. This joint market, one of the few examples of cross-border integration at European level, is managed by SEMO (Single Electricity Market Operator), a joint venture between EirGrid (Ireland) and SONI (Northern Ireland). The SEM began operating in 2007.
In recent years, the Irish electricity system has moved towards greater penetration of renewable energy, especially wind, which already represents a significant part of the energy mix. generation.
In the coming years, the SEM electricity market faces key transformations on its path towards decarbonization:
At AleaSoft we have been offering services for 27 European electricity markets, including the SEM, for years. We provide price, demand and renewable production forecasts, adapted to the needs of generators, marketers, investors, system operators and regulators.
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