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Ensuring compatibility of the all-island electricity system with the target model: Fitting a square peg into a round hole?


  • Gorecki, Paul K.


The all-island wholesale electricity market, SEM, has to comply with the Target Model by 2016. SEM has worked well for consumers through mitigating market power, facilitating entry and ensuring adequate generation capacity, problems that will persist. But the SEM is a mandatory pool with central dispatch, the Target Model is a self dispatch with bilateral contracts. Minimal change to the SEM in complying with the Target Model is preferable to reinvention of SEM. The latter option might be appropriate when the EU internal electricity market is complete and the all-island market has sufficient interconnection to participate fully in that market.

Suggested Citation

  • Gorecki, Paul K., 2013. "Ensuring compatibility of the all-island electricity system with the target model: Fitting a square peg into a round hole?," Energy Policy, Elsevier, vol. 52(C), pages 677-688.
  • Handle: RePEc:eee:enepol:v:52:y:2013:i:c:p:677-688 DOI: 10.1016/j.enpol.2012.10.028

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    References listed on IDEAS

    1. Malaguzzi Valeri, Laura, 2009. "Welfare and competition effects of electricity interconnection between Ireland and Great Britain," Energy Policy, Elsevier, vol. 37(11), pages 4679-4688, November.
    2. Bridgman, Benjamin & Gomes, Victor & Teixeira, Arilton, 2011. "Threatening to Increase Productivity: Evidence from Brazil's Oil Industry," World Development, Elsevier, vol. 39(8), pages 1372-1385, August.
    3. Richard J. Green, 2008. "Electricity Wholesale Markets: Designs Now and in a Low-carbon Future," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 95-124.
    4. Gorecki, Paul K., 2011. "The Internal EU Electricity Market: Implications for Ireland," Research Series, Economic and Social Research Institute (ESRI), number RS23.
    5. Seán Diffney & John Fitz Gerald & Seán Lyons & Laura Malaguzzi Valeri, 2009. "Investment in electricity infrastructure in a small isolated market: the case of Ireland," Oxford Review of Economic Policy, Oxford University Press, vol. 25(3), pages 469-487, Autumn.
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    Cited by:

    1. Paul Deane, John FitzGerald, Laura Malaguzzi Valeri, Aidan Tuohy and Darragh Walsh, 2015. "Irish and British electricity prices: what recent history implies for future prices," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 1).
    2. Gaffney, F. & Deane, J.P. & Gallachóir, B.P.Ó, 2017. "A 100 year review of electricity policy in Ireland (1916–2015)," Energy Policy, Elsevier, vol. 105(C), pages 67-79.
    3. Di Cosmo, Valeria & Lynch, Muireann Á., 2016. "Competition and the single electricity market: Which lessons for Ireland?," Utilities Policy, Elsevier, vol. 41(C), pages 40-47.
    4. Curtis, John & Devitt, Niamh & di Cosmo, Valeria & Farrell, Niall & FitzGerald, John & Hyland, Marie & Lynch, Muireann & Lyons, Sean & McCoy, Daire & Malaguzzi Valeri, Laura & Walsh, Darragh, 2014. "Irish Energy Policy: An Analysis of Current Issues," Research Series, Economic and Social Research Institute (ESRI), number rs37 edited by FitzGerald, John & Malaguzzi Valeri, Laura.
    5. repec:eee:eneeco:v:69:y:2018:i:c:p:1-18 is not listed on IDEAS
    6. Lynch, Muireann A, 2017. "Re-evaluating Irish energy policy in light of brexit," Research Notes RN20170201, Economic and Social Research Institute (ESRI).
    7. Walsh, Darragh & Malaguzzi Valeri, Laura, 2014. "Gaming in the Irish Single Electricity Market and Potential Effects on Wholesale Prices," Papers WP488, Economic and Social Research Institute (ESRI).
    8. Dutton, Joseph & Lockwood, Matthew, 2017. "Ideas, institutions and interests in the politics of cross-border electricity interconnection: Greenlink, Britain and Ireland," Energy Policy, Elsevier, vol. 105(C), pages 375-385.
    9. repec:aen:journl:eeep4_1_valeri is not listed on IDEAS
    10. Di Cosmo, Valeria & Malaguzzi Valeri, Laura, 2018. "Wind, storage, interconnection and the cost of electricity generation," Energy Economics, Elsevier, vol. 69(C), pages 1-18.
    11. Walsh, Darragh & Malaguzzi Valeri, Laura & Di Cosmo, Valeria, 2016. "Strategic bidding, wind ownership and regulation in a decentralised electricity market," MPRA Paper 71502, University Library of Munich, Germany.
    12. repec:esr:forcas:qec20172 is not listed on IDEAS
    13. Valeria Di Cosmo & Laura Malaguzzi Valeri, 2016. "Wind, storage, interconnection and the cost of electricity," Working Papers 2016/30, Institut d'Economia de Barcelona (IEB).


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