Until now, the renewable revolution has been led by energy developers and generating companies able to build renewable energy capacity with the help of government tariffs and subsidies.
The cost of this government support has been passed onto consumers as part of the final electricity charge.
Renewable Energy in the UK is fast becoming the largest share of non-conventional energy supply
There is broad consensus that renewables are vital for the global transition to a low or zero-carbon economy, and the consumer should help pay for this transition, with investment in renewable generation being the first stage of that journey.
We are now seeing something completely different – consumers are looking for ways to become 100% renewable in the energy they use and are considering using alternative technologies and solutions to address the low-carbon challenge.
This trend is reshaping how energy markets will function in future.
Renewable Energy (RE) in the UK is fast becoming the largest share of non-conventional energy supply; this trend is expected to increase in future.
Scotland’s renewable electricity capacity has shown steady growth over the last few years, with an average annual capacity increase of over 750MW since end of 2008.
Both business and domestic customers are increasingly opting for cheaper, environmentally friendly energy sources as increasing electrification provides opportunities to enhance the flexibility, efficiency and environmental performance of energy systems.
Technologies, such as energy storage, are being driven mainly by decreasing costs and an improved understanding of value. The application of digital technologies also helps complete this energy transformation.
Renewable Energy – a proven alternative in the energy supply market enables small and medium sized businesses (SME’s) to improve their business models, and changes the perception of domestic customers to help them maximise the benefits of renewable energy in their homes.
A number of trends are converging within the UK Energy generation mix to enable more innovative, integrated and networked solutions;
These trends will increasingly lead to further change within the UK energy market, creating empowered customers — from businesses to households. Customers will increasingly have the choice to be active players in the energy system as never before, driving lower costs and a more reliable energy supply.
Homes in the UK are some of the least well insulated in western Europe, with too much heat escaping from our windows, floors, roofs and walls.
Expect an expansion of programmes to make our homes more energy efficient, creating new markets for innovative manufacturers, including solar panels and battery storage installation.
Alternatives also include lower carbon technologies such as air and ground source heat pumps, extracting heat from both these sources.
In future, energy supply companies will need to accurately predict energy supply and demand, based on the mix of large-scale renewables generated, as well as SME and domestic customer self-generated energy and source type.
Any change however will need a new approach.
Original article published in The Perthshire Magazine in July 2019. To view it, click here.
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