The Commission for Regulation of Utilities (CRU) has announced that data centres and power suppliers qualify for large capacity payments, which have surged since 2007 and are exacerbating electricity costs for consumers. A recent analysis highlighted that approximately €600 million in such payments have been awarded to several companies operating data centres, with Lumcloon Energy as the largest beneficiary. As new energy facilities emerge, these capacity payments—designed to ensure generation availability during peak demands—will likely contribute further to already high electricity bills in Ireland, raising concerns among consumers and environmental groups.
The Commission for Regulation of Utilities has confirmed that data centres and power suppliers are set to receive significant capacity payments, impacting energy bills significantly.
Capacity payments, which have grown since 2007, are awarded to electricity providers for their availability during peak demand, contributing to Ireland's high electricity prices.
Lumcloon Energy, the largest recipient of capacity payments, is set to build a new data centre eligible for further subsidies, adding to electricity price pressures.
With awards totaling €600m for data centres and power plants, the potential for further increases in energy bills raises concerns among consumers and analysts alike.
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