Electricity in Ireland in 2023/2024

Over the past year, from October 2023 to September 2024, Ireland has experienced a diverse mix of electricity sources. Fossil energy sources remain the most significant, accounting for more than half of the electricity supply, with gas alone contributing slightly over 39%. Low-carbon energy, comprising wind, net imports, biofuels, and hydropower, makes up close to 42% of Ireland's electricity. Wind energy stands out within this group, providing almost a third of Ireland's electricity, a testament to the strong winds prevalent in the region. Other low-carbon sources include significant net imports at around 15%, biofuels at over 4%, and hydropower contributing close to 4%. Coal, a fossil source, remains a minor contributor at only 3%, highlighting Ireland's move towards a cleaner energy mix.

Suggestions

To further increase low-carbon electricity generation, Ireland can expand its wind power capabilities, capitalizing on its natural wind resources which are already making a big impact in the energy mix. By looking at Denmark, where wind power supplies 59% of electricity, Ireland can gain valuable insights into efficient wind energy deployment. Additionally, Ireland can consider diversifying its low-carbon sources, especially by integrating nuclear energy to create a more sustainable and robust clean energy portfolio. Countries like France and Finland, with significant nuclear energy shares, demonstrate that nuclear power is a reliable means to achieve a substantial low-carbon electricity system. Emulating these nations, Ireland could significantly bolster its energy security and reduce its carbon footprint.

History

Over the years, Ireland's journey with low-carbon electricity, particularly wind, has seen notable growth. In the early 2000s, steady increases of roughly 0.5 TWh per year were typical until 2011, when a significant boost of 1.6 TWh was recorded. The subsequent decade saw fluctuations, including a temporary decrease in 2016 but rebounding with increases, notably in 2020 by 2.2 TWh, marking a peak period. More recently, 2021 saw a decline of 1.8 TWh, with recovery and renewed growth in 2022 and 2023. Solar power has also started to find its footing, with its generation seeing initial growth by 0.4 TWh in 2023, although 2024 saw a slight dip. Biofuels have maintained a steady presence, contributing positively in 2020 and again in 2024. This history highlights a significant reliance on, and successful implementation of, wind power in Ireland's electricity generation landscape while hinting at potential for diversification by incorporating other low-carbon technologies.

Electricity Imports and Exports

Balance of Trade

Data Sources