Enel Group’s advanced energy services business line Enel X has secured 218MW of demand response capacity in the T-4 capacity auction for capacity year 2022 to 2023 in Ireland.
The announcement follows after Ireland’s Transmission System Operator (TSO) EirGrid Group published the final results of the T-4 auction that was held on 28 March.
Enel X will be delivering the demand and response capacity between October 1 2022 and September 30 2023. It is reported to be the largest portfolio secured by the company in Ireland to date.
The award is expected to support the company in maintaining its position in the country during 2022-23. It will manage 52% of the island’s demand response capacity in the period.
Enel X Ireland head Tony Whittle said: “With this major award, we will contribute to even greater system sustainability in Ireland through the flexibility ensured by our portfolio of commercial and industrial customers, while providing those customers with opportunities to create more business value from their flexibility, making it a win-win for Ireland’s entire energy ecosystem.”
Designed to deliver wholesale electricity at the lowest possible price, the T-4 auction aims to encourage new investment and innovation that is economical. EirGrid noted that a total of 7,412MW of capacity was secured during the T-4 auction with a clearing price of €46,150 per MW per year.
Since 2011, Enel X has been providing demand response services in Ireland through its local subsidiary.
Last month, Enel X signed an agreement with Ameren Missouri to exclusively manage the latter’s entire commercial and industrial demand response portfolio.