Irish regulators have agreed a number of measures to further open up the country’s power market.

Ireland has finally decided to do away with its cumbersome system of virtual power plant auctions and revenue regulation, by requiring the state-owned incumbent, ESB, to sell off many of its generation assets. Furthermore, Irish regulators have announced that no one market participant will be allowed to own over 40% of Irish generation capacity.

‘Content Ireland was one of the first European countries to fully liberalize its retail energy market, with all consumers becoming eligible to switch power suppliers in February 2005, over two years before EU requirements come into play.

Posted: 04|27|07 at 9:31 am. Filed under: Auction News.