An independent review has confirmed from the beginning of October 2022, UK renewables, including solar, hydro and domestic wind initiatives produced 34TWh of Electricity, compared to 32TWh from Gas, a difference of 2TWh.
The analysis also found that domestic renewal initiatives have displaced as much as 16% of the UK’s entire annual gas imports, required to produce electricity, in just over 3 months. An increase in renewable power generating electricity, reduces the amount of gas required, freeing quantities up for additional uses across the country.
Furthermore, the increase in generated power allows Britain, where there is a surplus, to become a net exporter of electricity.
Although the above is good news, the United Kingdom still relies on around 40% of gas for its power generation needs, and up to 85% of this fuel to heat homes, further underlying how we are more dependent on fossil fuels than our neighbours in Europe.
The analysis goes onto note that our countries demand for electricity will significantly increase in the coming years, and although new initiatives are in the pipeline to meet these requirements, including additional wind farms, many within the industry are highlighting that the infrastructure of our grid needs a major update to keep up.
Is there anything Commercial Businesses can do to reduce their Energy & Water Spend?
Currently, Wholesale Energy prices are extremely volatile, which in turn causes issues for businesses with current & future budgets. CostAdvice – Energy Specialists are here to help with our no obligation health check on all Commercial Energy & Water Supplies.
Why is a health check important?
- Not all Commercial Energy & Water Agreements are the same.
- Furthermore, not all businesses should be charged the same costs.
- Our No Obligation heath-check looks deeper, than just your current charges and agreements.
We recently identified £10,000 of annual savings for a group of Museums that were already being looked after by another Energy Consultant.
To proceed, or for further information, please contact Daniel Walker on 01246 252788 or send him an e-mail to daniel.walker@costadvice.co.uk, whereby he will be happy to help.
