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CommentWire
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Irish energy giant Topaz is currently re-branding all of its service stations and has plans to radically expand its business. Given that this will bring investment in areas such category managers, inventories and supply chain strategy, and the fact that the Topaz brand is less recognizable than fuel retailers such as Shell, Topaz is well placed to expand into standalone convenience retail outlets.
Published By Datamonitor
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25 Feb 2008 |
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CommentWire
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Scottish & Southern Energy is reported to be in the process of lining up a bid for Energia. The UK energy supplier already has a small presence in Ireland, and an acquisition would be a much easier way of gaining market share than organic growth. However, rumors are also circulating that Vattenfall could be interested in acquiring Scottish & Southern Energy.
Published By Datamonitor
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17 Jul 2008 |
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CommentWire
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Irish energy company Petrogas intends to increase the number of service stations that it owns in the UK. This move, which makes good business sense, should be considered as a reflection of the lucrative opportunities that are available for smaller fuel retailers as the traditional oil companies sell their non-core sites.
Published By Datamonitor
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19 May 2008 |
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CommentWire
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Intensifying competition in the Irish fuel retailing market has seemingly prompted Shell to announce its departure from the country, hot on the heels of its exit from several other European markets. With Shell apparently set to focus its future downstream operation on emerging Asian markets, a trend could yet emerge whereby the oil majors quit Europe's forecourts altogether.
Published By Datamonitor
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04 Jul 2005 |
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CommentWire
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Ireland has finally decided to do away with its cumbersome system of virtual power plant auctions and revenue regulation, by requiring the state-owned incumbent, ESB, to sell off many of its generation assets. Furthermore, Irish regulators have announced that no one market participant will be allowed to own over 40% of Irish generation capacity.
Published By Datamonitor
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26 Apr 2007 |
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Expert View
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With relatively robust regulatory polices and demand growth, the Irish power market has future developmental prospects not enjoyed by a number of markets elsewhere in Europe. Recent developments further highlight how the Irish power market remains a market to watch, although the decision not to break up former power monopolist ESB will curtail the development of true competitive intensity.
Published By Datamonitor
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31 Oct 2006 |
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CommentWire
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On the back of a recent expansion of wind power in the Irish Republic, the government has announced an increased renewables target of 15% of total generated output by 2010. The increase is supported by the recently-announced renewable energy feed-in tariff (REFIT) program, but this method of financial support raises more questions than answers over the economics of Irish green power.
Published By Datamonitor
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25 Aug 2006 |
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CommentWire
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The Economic and Social Research Institute (ESRI) argues that the Irish market is too small to cater for new entrants' needs. This stems from insufficient independent power production (IPP) and a lack of capacity created through virtual-IPP auctions. As Ireland needs a competitive wholesale environment to stimulate retail competition, ESRI has identified the right problem.
Published By Datamonitor
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09 Sep 2005 |
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CommentWire
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The electricity market opening mechanism introduced in Ireland is based on supplementing independent power producer (IPP) capacity with released capacity from monopoly ESB (virtual IPP), so that new entrants have the volumes to supply customers. Initially, enough IPP and discounted VIPP capacity was available for new entrants, but there is not yet enough for full market opening in 2005.
Published By Datamonitor
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05 Jan 2005 |
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Expert View
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Recently revised estimates of Ireland's oil and gas resource endowments paint an upbeat picture of future production levels. If these latest estimates translate into the production levels forecasted, Ireland has the potential to not only meet its indigenous oil and gas needs but also to become a net exporter.
Published By Datamonitor
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25 May 2007 |
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