Modelling the economic impacts of 500MW of wave power in Ireland


JP Deane, G Dalton, BPÓ Gallachóir – Energy Policy, June 2012

Highlights
► We modelled the Irish Electricity Market in 2020 with and without 500 MW of wave energy. ► The inclusion of wave energy did not have a significant impact on system marginal prices. ► The inclusion of wave energy reduced total costs in the system relative to a wind only scenario. ► REFIT tariff remains an essential financial support for the nascent wave energy industry.

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