Production: Energy: Electricity: Total for Ireland
IRLPRENEL01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.31
Year-over-Year Change
-4.37%
Date Range
1/1/1980 - 9/1/2021
Summary
The 'Production: Energy: Electricity: Total for Ireland' series measures the total electricity production in Ireland. This trend is important for understanding Ireland's energy consumption and supply dynamics.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the total volume of electricity generated in Ireland, including production from both renewable and non-renewable sources. It is a key indicator of the country's energy capacity and can inform policy decisions around infrastructure, generation mix, and sustainability goals.
Methodology
The data is collected by the national electricity transmission system operator and reported to international statistical agencies.
Historical Context
Electricity production trends are closely monitored by policymakers, energy providers, and industry analysts to assess energy security, emissions, and economic competitiveness.
Key Facts
- Ireland generated over 30 TWh of electricity in 2021.
- Wind power accounts for over one-third of Ireland's electricity supply.
- Electricity demand in Ireland has grown by 20% since 2015.
FAQs
Q: What does this economic trend measure?
A: This series measures the total electricity generation in Ireland, including production from both renewable and non-renewable sources.
Q: Why is this trend relevant for users or analysts?
A: Electricity production is a key indicator of a country's energy capacity and security, which is vital information for policymakers, energy providers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected by Ireland's national electricity transmission system operator and reported to international statistical agencies.
Q: How is this trend used in economic policy?
A: Electricity production trends are closely monitored to assess energy security, emissions, and economic competitiveness, informing policy decisions around infrastructure, generation mix, and sustainability goals.
Q: Are there update delays or limitations?
A: The data is typically reported with a short delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Production: Energy: Electricity: Total for Ireland (IRLPRENEL01IXOBM), retrieved from FRED.