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SSE Ireland

SSE Ireland. Health Safety and Our People. Better Energy Supply. Sustainability. 500MW of Renewable Generation. Public Lighting. >900 employees. Making energy better to combat climate change. 600,000 gas and electricity customers. Striving to be Ireland’s safest utility. Leaders

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SSE Ireland

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  1. SSE Ireland Health Safety and Our People Better Energy Supply Sustainability 500MWof Renewable Generation Public Lighting >900 employees Making energy better to combat climate change 600,000 gas and electricity customers Striving to be Ireland’s safest utility Leaders in the maintenance of 300,000street lights in Ireland Ireland’s No.1 renewable electricity generator and supplier 400 new jobs Greener  300%  40MW >90% ROI 1000 employees, €1bn investment

  2. Energy Action Fuel Poverty Conference7 February 2012“Trust is the glue of life.....It's the foundational principle that holds all relationships.” Stephen CoveyDavid ManningDirector of Corporate AffairsSSE Ireland

  3. Energy Trends • Managing Energy Costs • Energy affordability

  4. 1. Energy trends

  5. Residential Electricity Prices (€) (band DD all taxes included) Electricity prices now at the EU average Source: SEAI

  6. Residential Gas Prices (€) (band D2 all taxes included) Gas prices now at the EU average Source: SEAI

  7. Benefits of Competition Competitive market delivering for consumers

  8. Energy Security in Ireland – 2011 report Oil price growth scenarios model UK end-user gas price forecast Source: Dr. Andrew Kelly, AP EnvEcon and Prof. Peter Clinch, UCD Source: UK Transmission National Grid (Gas) Ireland must reduce dependence on imported fossil fuels

  9. Impact of Wind Affordability, Security, Decarbonisation Low Wind: 24 July 2009 High Wind: 31 July 2009 High Price Affordability: Lower Price High Wind Per 1000MW wind installed : 263.5 ktoe avoided imports = €88.3m Security: Low Wind Assumptions: Turbine: 3MW Capacity: 35% Speed: 8.5m/s 2008 data Per 1000MW wind installed: 1,633,645 tonnes CO2 avoided Decarbonisation: Wind energy reduces wholesale electricity prices

  10. 2. Managing energy costs better

  11. Managing the cost of energy better • Empowering the customer: • + Airtricity’s Smarter Energy Card • + Installation of prepayment meters • + Payment plans • + Disconnections • – Persistence of debt hopping • – An Post/Department of Social Protection – • Household Budget Scheme • – Free Electricity Allowance More support needed for prepayment meters

  12. Smart Technology • Getting the best from assets and energy: • System operation • Demand side management • Consumer behaviour • Better informed customer: • CER trial saw 8.8% reduction in peak period • SMART Meter • Thin versus thick– must ensure effective solution that balances all risks. SMART technology must effectively address risk

  13. 3. Energy Affordability

  14. Reducing Energy Consumption Improving energy affordability means reducing consumption Source: Dimplex

  15. Airtricity’s approach • Better Energy • Airtricity Home Energy Services • PAYS - Availability of cheap finance is the foundation to delivering building retrofit • Community Fund - >€600,000 annually focused on community energy efficiency projects • Fuel poor pilot • Strategic partnerships and investments • Northern Ireland smart homes project Low cost finance foundation of PAYS system

  16. Restoring Trust • Ensure competition continues to deliver lower energy prices • Improve energy affordability by reducing consumption • Provide greater support for prepayment meters • Deliver Smart Meters that effectively address risk • Access to low cost finance to deliver thermal efficiency investment, PAYS

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