I-SEM is set to replace the current electricity market model, allowing cross-border trading to increase competition in the market.
I-SEM (Integrated Single Electricity Market) is a new wholesale market that will integrate Ireland with its European neighbours to increase cross-border trading.
It’s purpose is to encourage greater competition and transparency in the energy market.
This will replace the current SEM (Single Electricity Market) model.
It’s intended purpose to increase market competition means it will be a good time to review your energy agreements and make sure your business is still on the right contract, with the right supplier.
We’ll speak with you to understand your business’ energy usage and requirements, getting a clear understanding of your needs.
We’ll help you to find an energy supplier and contracts that best meet your needs.
We’re independent and transparent – so you can trust us to find the right energy contract for your business.
We have energy market expertise so we’re well-placed to give you insight and advice on how to negotiate changes as a result of I-SEM.
Currently, power generators receive payments for being ready to supply the grid during periods of high demand.
I-SEM will see energy firms bid through auctions to provide a backup supply instead, the idea being that increased competition will encourage price decreases for consumers.
However, the roll-out of I-SEM has been turbulent – an initial target launch date of May 2018 has since been pushed back until October 2018, causing further uncertainty. What’s certain is that you’d benefit from reviewing your energy choices.
With our expertise in energy and our knowledge of the energy market, we can help you understand the changes as they happen and how they relate to Irish businesses.
Check out our blog to stay up to date with I-SEM and market news.