Green Energy
using the ‘free’ electricity from the sun to run appliances at times when energy from the Grid is at its highest cost. The ability to store energy at peak times and use it at low peak will present cost benefits to consumers.
The cost of decentralisation Taking energy demand out of the National Grid and localising it presents some interesting challenges to the utilities sector. Less than 40% of an energy bill is the wholesale cost of the energy, the remaining 60+% covers network costs, operating costs etc. As the sources of electricity production change, infrastructure changes are needed, and the cost of electricity distribution will increase.
This means bigger bills. As bills increase, more consumers and businesses will choose to capture and store their own electricity, effectively becoming ‘off grid’. This creates something of a spiral effect in the utilities market. Investment in the grid is necessary to ensure supply consistency, but each user that comes off the grid reduces the grid’s ability to absorb these costs – and the increased costs will be passed on in increased energy bills for those still needing connection to the Grid. This dynamic is going to be very difficult to stop once it builds momentum and creates significant problems for the utilities sector.
What this means for customers Electrification is gaining pace, and this represents an opportunity for significant reductions in energy bills for consumers. The process is not going to be without challenges, and it is going to be interesting to see which of the energy companies thrive and which fail to keep the pace. In the meantime, focus on off-grid energy solutions like solar greatens, and we’re already seeing increased interest in the battery storage solutions. We are looking forward to working with more house builders as the shift towards electrification quickens and demand for sustainable solutions continues.
eco2solar.co.uk ewnews.co.uk March 2019 electrical wholesaler | 39
In homes, smart energy systems can balance the overall electricity load, using the ‘free’
electricity from the sun to run appliances at times when energy from the Grid is at its highest cost. The ability to store energy at peak times and use it at low peak will present cost benefits to consumers.
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