Opportunities in developing a new wholesale market
The development of the Integrated Single Electricity Market (I-SEM) will be a major development for the Irish energy sector. Not only will the market affect the wholesale energy sector, but I-SEM will be the market mechanism that will provide the backdrop to the evolution of the Irish electricity sector, for example, the growth of renewables, increasing volumes of electric vehicles, and the national installation of smart meters.
At this stage – early in the detailed design phase – Gemserv believes that there is value in considering a number of the issues that will need to be addressed in the design of the new market. This paper* is intended as an aid for both those involved in the design of the new market and for the interested reader.
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