Wyse SolarWyse SolarWyse SolarWyse Solar
  • Home
  • About us
  • Projects
  • Our Services
    • PV Solar
    • E.V charger points
    • Solar P.V Electricity
  • Solar Grant
  • News
  • FAQ
  • Contact
SEAI Grant
Solar PV and EV Grants – What grants are available in Ireland, how much and how do I apply?
February 17, 2022
solar floating
The future of solar power
September 1, 2022

How to offset the increase in energy prices in Ireland

May 3, 2022
Categories
  • P.V System
Tags
  • Alanna Gallagher
  • Eamon Ryan
  • energy prices
  • PV panel system
  • Simon Coveney
  • war in Ukraine
energy prices ireland

Even before Russia invaded Ukraine (February 28th, 2022) energy prices were on the rise in Ireland and uncertainty about the energy market has been with us since mid-2021.

According to Tánaiste Simon Coveney, speaking recently on Newstalk (early April 2022) “the price of energy was going to be unpredictable in the months ahead because of the war in Ukraine.” However, the uncertainty about the length of the war has only exacerbated this.

To counter these upward price movements, Minister Eamon Ryan has said that the Irish government has a a plan to alleviate the increases starting with a credit. He also said that “the €230 credit was just one measure from a €2bn package to help families and businesses.” so maybe we should be confident that this program might bring a level of relief from this price volatility.

What are your options and how can you address these as both a homeowner or a business owner?

Generate your own power. 

One of the ways you can protect yourself from the vagaries of the energy market is by generating your own power. In the Irish Times, (February 20th 2022), piece entitled “Can you beat rising energy costs by generating your own power?”, Alanna Gallagher provides a useful example of how solar PV can work for an average domestic home stating that “If you use an average 2,000kWh pa then you will have paid off the investment in 13.5 years. But most panels have a 25-year lifespan, so the upside is that homeowners can get up to 11.5 years of electricity generation free.”

Sell back to the grid

Something else worth considering and another development in 2022, is that The Department of the Environment, Climate and Communication has announced that from this year you will be able to sell electricity back to the grid. This is a critical factor to be considered before investing in Solar because it eliminates any lost or unused power and enables you as the provider to actually become a net energy contributor. They provide this example to explain how it will work “Take the example of a simple PV panel system in a house that generates 2,000 kWh (kilowatt hours) a year and in which the typical household consumption starts from 1,000kWh a year. This means that while 1,000 kWh will come off the billpayer’s annual cost of electricity, the other 1,000 kWh is, for now, squandered – in that it is sent back to the grid. You are, in effect, giving away energy that you have paid to generate.“ If this can now be sold back to the grid, it will make the Solar PV investment much more efficient as well as delivering energy to the grid for consumption. By selling to the grid, the length of your return on investment in Solar Panels is shortened by months or even years.”

However, apart from the supply side pressures on energy prices in Ireland, demand is also expected to increase. In the Irish Examiner Article “Ukraine war puts spotlight on Ireland’s clean energy future” “electricity demand projected to increase by between 19% and 50% by 2030” demonstrating that even without the war or global energy disruption, the system is Ireland will come under increasing pressure.

With Russia now (April 2022) threatening to cut off the gas supply to Europe, this will obviously add to supply pressures and negatively affect energy pricing in Ireland. According to Paul Deane on RTE. “Any invasion of Ukraine and associated interruption of gas supply from Russia to Europe is unlikely to lead to gas shortages in Ireland, but we would instead feel the impact of the interruption via higher energy costs.”

He does also point out that “Over a period of three to six months, the EU is likely to be able to survive a disruption to Russian gas imports. However, the picture becomes complicated when longer interruption is considered. Running the European economy for several years without Russian gas would be remarkably challenging.” and concluding that “A price disruption is a more likely outcome for Ireland from any interruption in gas from Russia into Europe, but having indigenous production would be of marginal benefit in this case.“

Move to Solar Power now – Save later

If the war in Ukraine has done anything, it has highlighted Europe’s dependence on Russian gas and also the continued dependence internationally on fossil fuels for the bulk of the energy requirements. Perhaps now is an opportune time for us individually and collectively to consider the benefits of Solar power, long duration storage batteries and selling excess power back to the grid for the benefit of all. It is lower cost, better for the environment and less dependent on others.

If you would like to see how solar power can benefit you or your business, contact us today at Wyse Solar. We have been installing solar systems in Ireland since 1993 and have the largest number of installations of Photovoltaic (PV) systems in Ireland.

Enter your Eircode here and find out if Solar panels work for you

Call us: 01-298 8330

Email us: info@wysesolarsolutions.ie

Visit us: https://wysesolar.ie/

Share
0

Related posts

September 30, 2022

Restrictions lifted on Solar Panels


Read more
solar floating
September 1, 2022

The future of solar power


Read more
SEAI Grant
February 17, 2022

Solar PV and EV Grants – What grants are available in Ireland, how much and how do I apply?


Read more

Our Work

  • Pitched Roof Installations
  • In-Roof Installations
  • Grount Mounted
  • Tracker Systems
  • Industrial Installations
  • Farm Installations
  • Flat roof
  • Battery Storage
  • Electric Vehicle Chargers with P.V Solar
  • 0
    Restrictions lifted on Solar Panels
    September 30, 2022
  • solar floating0
    The future of solar power
    September 1, 2022
  • energy prices ireland0
    How to offset the increase in energy prices in Ireland
    May 3, 2022

Useful Links

  • Solar Grants
  • SEAI
  • Wyse Electrics
  • Car Chargers
  • Privacy Policy

Contact

142 Meadow Mount,

Churchtown, Dublin 16

Ph: 01-2988330

Email: info@wysesolarsolutions.ie

© 2022 Wyse Solar. All Rights Reserved. Aspire Digital
      We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
      Cookie SettingsAccept All
      Manage consent

      Privacy Overview

      This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
      Necessary
      Always Enabled
      Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
      CookieDurationDescription
      cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
      cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
      cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
      cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
      cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
      viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
      Functional
      Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
      Performance
      Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
      Analytics
      Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
      Advertisement
      Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
      Others
      Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
      SAVE & ACCEPT