A Review of Irish Energy Policy issue 21 by John Fitzgerald

By John Fitzgerald

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In the case of electricity, the decision on what replaces the Moneypoint coal-fired generation station after 2020 needs to take account of security considerations, as well as the other drivers of policy. , A. Murphy and B. Walsh, 2002. “The Rationale for Subsidising Jobs in a FullyEmployed Economy”, Irish Banking Review, Autumn. , T. Conefrey, J. Fitz Gerald and I. Kearney, 2010, “Recovery Scenarios for Ireland: An Update” in ESRI Quarterly Economic Commentary, Summer, Dublin: Economic and Social Research Institute.

S. Diffney, J. Fitz Gerald, L. Malaguzzi Valeri and A. Touhy, 2011a. ”, ESRI, forthcoming. Devitt, C. and L. Malaguzzi Valeri, 2011b. “The effect of REFIT on Irish electricity prices”, ESRI Working Paper 374, Dublin: Economic and Social Research Institute. , S. Lyons and L. Malaguzzi Valeri, 2009a. “Advertising to boost energy efficiency: the Power of One campaign and natural gas consumption” ESRI Working Paper 280, Dublin: Economic and Social Research Institute. , J. Fitz Gerald, S. Lyons, and L.

GB or France or Iceland) needs to be considered in the context of the growth of an integrated EU electricity market. 5 OFFSHORE WIND As indicated above, in the current context extensive investment in Ireland in offshore wind (or wave) is unlikely to be of value to the Irish economy. However, if current EU policy (and UK policy) on renewables continues, then there will be a big demand for very expensive offshore wind generation elsewhere in the EU. While at present the subsidies payable for such a technology by the UK or other governments are not available to Irish generators, this situation could soon change.

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