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Record breaking renewable electricity generation figures show how the UK energy market is changing, with important implications for businesses.
Renewable energy sources provided the UK with 43% of its electricity on 6 June. Coal generation fell to a new low record of just 7%. The striking disparity between renewables and fossil fuels is another sign that UK power generation is rapidly changing.
Some have called for renewable energy subsidies to be dropped by the government, although others see an opportunity to expand renewable generation even further, explains energy and environment writer Chris Goodall: “If the country chooses not to invest in wind, solar and other renewables, it can push coal-fired generation out of the generation mix completely.”
Such views may create controversy around energy secretary Amber Rudd’s plans to end subsidies for onshore wind farms, which she said in May was one of her top priorities, adding that there would be “no more onshore wind farms without local community support”.
That debate will be most important in Scotland, where renewable sources have become increasingly important. Wind power saw a year-on-year increase of 83% in May on the back of strong winds. In May generation alone generated the equivalent of 47% of Scotland’s entire electricity demand.
The bigger share of renewables also offers an almost unique opportunity for smaller businesses to clearly compare energy and switch electricity supplier to one that reflects their ethical or economic priorities – or a mixture of both. Whether you want green power from 100% renewable generation, care most about cost or want a low-carbon compromise, there is a supplier to suit.
Time is the only barrier. It can take many hours to trawl through suppliers, speaking to each in turn. For an immediate solution SwitchMyBusiness.com can compare and switch your business energy supplier in just 20 minutes. Simply complete the form on the top right of this page or call 0330 0100 251. Our expert team can answer any questions you might have.
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