400 new jobs 300% >90% roi greener 40mw sse ireland better energy supply 600,000 gas and...
TRANSCRIPT
400 new jobs
300%
>90% ROI
Greener
40MW
SSE Ireland
Better Energy Supply
600,000gas and electricity
customers
Sustainability
Makingenergy better
to combat climate change
500MW ofRenewable Generation
Ireland’s No.1 renewable electricity
generator and supplier
Public Lighting
Leadersin the maintenance of
300,000 street lights in Ireland
Health Safety andOur People
Striving to be Ireland’s
safest utility
>900employees
1
1000 employees, €1bn investment
Energy Action Fuel Poverty Conference7 February 2012
“Trust is the glue of life.....It's the foundational principle that holds all relationships.” Stephen Covey
David ManningDirector of Corporate AffairsSSE Ireland
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1. ENERGY TRENDS
2. MANAGING ENERGY COSTS
3. ENERGY AFFORDABILITY
1. ENERGY TRENDS
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Residential Electricity Prices (€) (band DD all taxes included)
0
2
4
6
8
10
12
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18
20
2007S2 2008S1 2008S2 2009S1 2009S2 2010S1 2010S2 2011S1
c/kW
h
Ireland Euro Area EU 27
Source: SEAI
Electricity prices now at the EU average
Residential Gas Prices (€) (band D2 all taxes included)
0
5
10
15
20
25
2007S2 2008S1 2008S2 2009S1 2009S2 2010S1 2010S2 2011S1
c/kW
h
Ireland Euro Area EU 27
Source: SEAI
Gas prices now at the EU average
Benefits of Competition
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Competitive market delivering for consumers
Energy Security in Ireland – 2011 report
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Source: Dr. Andrew Kelly, AP EnvEcon and Prof. Peter Clinch, UCD
Oil price growth scenarios model
Source: UK Transmission National Grid (Gas)
UK end-user gas price forecast
Ireland must reduce dependence on imported fossil fuels
Impact of Wind Affordability, Security, Decarbonisation
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Influence of Wind Output on Energy Prices
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3000
00:00 02:00 04:00 06:00 08:00 10:00 12:00 14:00 16:00 18:00 20:00 22:00
time of day
Win
d G
en
era
tio
n (
MW
)
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0 48
SE
M E
ne
rgy
Pri
ce
(€
/MW
h)
Wind 31 Jul Wind 24 Jul Energy price 24th Energy price 31st
High Price
Lower Price
Low Wind
High Wind
Low Wind: 24 July 2009High Wind: 31 July 2009
Affordability:
Security:
Decarbonisation:
Per 1000MW wind installed :
263.5 ktoe avoided imports = €88.3m
Per 1000MW wind installed:
1,633,645 tonnes CO2 avoided
Assumptions:Turbine: 3MWCapacity: 35%Speed: 8.5m/s2008 data
Wind energy reduces wholesale electricity prices
2. MANAGING ENERGY COSTS BETTER
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Managing the cost of energy better
Empowering the customer:
+ Airtricity’s Smarter Energy Card
+ Installation of prepayment meters
+ Payment plans
+ Disconnections
– Persistence of debt hopping
– An Post/Department of Social Protection –
Household Budget Scheme
– Free Electricity Allowance
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More support needed for prepayment meters
Smart Technology
• Getting the best from assets and energy:• System operation• Demand side management• Consumer behaviour
• Better informed customer: • CER trial saw 8.8% reduction in peak period
• SMART Meter• Thin versus thick– must ensure effective solution that balances
all risks.
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SMART technology must effectively address risk
3. ENERGY AFFORDABILITY
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Reducing Energy Consumption
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Source: Dimplex
Improving energy affordability means reducing consumption
Airtricity’s approach
• Better Energy• Airtricity Home Energy Services• PAYS - Availability of cheap finance is the
foundation to delivering building retrofit
• Community Fund - >€600,000 annually
focused on community energy efficiency
projects• Fuel poor pilot
• Strategic partnerships and investments • Northern Ireland smart homes project
15Low cost finance foundation of PAYS system
Restoring Trust
1. Ensure competition continues to deliver lower energy prices
2. Improve energy affordability by reducing consumption
3. Provide greater support for prepayment meters
4. Deliver Smart Meters that effectively address risk
5. Access to low cost finance to deliver thermal efficiency
investment, PAYS
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