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Energy Forecasts for Ireland

  • 07-05-2010 8:17am
    #1
    saibhne
    Registered Users, Registered Users 2 Posts: 182 ✭✭


    SEAI have released a publication forecasting energy activity in Ireland to 2020, some people might find this interesting and a useful reference particularly the forecast on fossil fuel prices/MWh in 2020.

    According to this the following increases will occur (table from report attached):

    Oil in 2020: 94.71% increase on 2010 price
    Gas in 2020: 48% increase on 2010 price
    Coal in 2020: 41.66% increase on 2010 price

    Also interesting is that a 40% share of electricty generation is projected from Renewables in 2020, mostly from wind, wave and biomass.. more than a fourfold increase in 10 years..

    Full report is here:
    http://www.seai.ie/Publications/Statistics_Publications/Energy_Modelling_Group/Energy_Forecasts_for_Ireland_to_2020.pdf


Comments

  • #2
    muffler
    Registered Users, Registered Users 2 Posts: 46,545 ✭✭✭✭muffler


    Interesting stuff but Im just wondering how it will pan out though.


  • #3
    fergus.wheatley
    Closed Accounts Posts: 23 ✭fergus.wheatley


    saibhne wrote: »

    Oil in 2020: 94.71% increase on 2010 price
    Gas in 2020: 48% increase on 2010 price
    Coal in 2020: 41.66% increase on 2010 price


    I think that the oil price is low-balled. I think that we will have €160 oil within two years, once the global economy picks up. Oil production peaked at just under 75 million barrels of oil per day in July 2008.

    Colin Cambell on www.peakoil.net is really interesting and he predicted the banking crisis in May 2005.
    http://www.youtube.com/watch?v=lDNMjV6sumQ

    This is good news for the green economy.


  • #4
    PeteHeat
    Registered Users, Registered Users 2 Posts: 648 ✭✭✭PeteHeat


    Like Muffler I think it will be interesting to see how accurate the figures are, of course only time will tell.

    I'm not sure oil hitting 160.00 in such a short time will be good for any industry, I am not saying your figure is wrong in fact I am inclined to agree with you.

    I have never seen the effects of the present state of our economy before, my memories go back to the 60's and while the economy blew hot and cold since then there was never the level of personal debt.

    We were a country where there was a vegetable plot in every garden and the people could just about make ends meet but in cases of emergency the money could be found among the family.

    This past winter I have seen people in all sectors of society who were not able to have essential repairs and maintenance carried out to their heating systems because they did not have the money.

    If oil jumps that fast and the consumer must bear the full cost because our government must keep the present level of tax on fuel then the consumer will not be able to afford to spend because inflation will be rising seriously fast due to the knock on effects of the oil prices.

    Maybe this is a worth a look,
    www.youtube.com/watch?v=PYmnriCJ18I&feature=related

    .


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