This webinar will explore different measures to lower electricity prices, addressing the cost disparity with gas that hinders the electrification of heating.
Irish industry can largely electrify its heat demand. However, a barrier to electrification of heat remains the electricity cost ratio with gas. We need to look at different measures to access lower electricity prices. For example, a substantial part of electricity costs are pass-through costs, a more dynamic approach to these can help to incentivise and reward increased electrification and reduce costs.
Ireland has immense potential for the electrification of heat across the commercial/industrial sectors.
Growth seen in renewable electricity in Ireland has not been matched with growth in electrification, which can utilise growing renewable generation much better.
The expansion of electrification offers many benefits to sectors currently heavily reliant on largely imported fossil fuels, as well as this electrification offering benefits to the electricity market as a whole.
Much of the Irish Commercial/Industrial can displace fossil fuels with renewable electricity for electrification of their heat. Unlocking the synergies that exists between the electricity and heat & transport sectors will lower costs and help make the move to cleaner, more secure electrification.
Flexible electrification has the potential to act as a “green Soak”, absorbing renewable oversupply when electricity wholesale prices are low.
This webinar will provide attendees with information on the potential in electrification, the composition of electricity costs for electrification and how reforms could bring down electric heat bills.
Course content will include the following:
- Outline of the current electricity costs
- What electrification can provide to the grid and to the end user
- Flexible electrification advantages and potential costs rewards
- Rewarding electrification through possible reforms of pass-through electricity cost, to lower electricity bills.
Irish Commercial/Industrial sectors considering the electrification of heat, Policy Makers, Regulation Analysts, Transport Professionals, Electricity Market Professionals, Sustainability Managers, Engineering Managers, Academics, Engineers.
Patrick Calnan
Reasire
Reasire is a business focused on creating a world powered by sustainable infrastructure. Patrick is a Chartered Engineer with over two decades of experience the majority of which has been in the energy industry. He has built businesses and teams focused on the delivery of energy assets using his experience in analytics, commercial negotiations and project delivery. He has worked in all facets of the energy industry from a trading to project management, corporate Power Purchase Agreements to ancillary services markets. His experience covers onshore, offshore, storage and thermal assets as well as developing a retail business in the electricity market.
Helen O’Sullivan Flex
Power Solutions
With 20 years experience in the infant formula industry, in roles such as Manufacturing Excellence, Project Management and Technical Services Helen was inspired to set up Flex Power Solutions to focus on renewable-led electrification of heat. Flex Power Solutions helps manufacturing sites to flexibly decarbonise their high-temperature heating processes while supporting the electricity market to integrate more renewable generation. We repurpose surplus electricity to reduce industry dependence on imported fossil fuel, economically and at speed.
