Investment in green jobs could allow them to replace all those lost due to the COVID-19 pandemic in two years, according to research from Green New Deal UK.
Global demand for electricity is predicted to rise by 4.5% in 2021 – equivalent to 1,000TWh – following heavy reductions as a result of COVID-19.
Smart meter installations have jumped 34% month-on-month according to ElectraLink, with 219,000 installations recorded in March 2021.
Electricity demand in Great Britain returned to pre-COVID-19 levels in Q1 2021, with tight margins being a common feature of the quarter.
The UK has come in 5th position in a ranking of the drop in emissions seen across Europe since the start of national COVID-19 lockdowns.
Demand is forecast to continue to be low this summer, although some resurgence is expected in comparison to levels seen in 2020.
Innovation is needed ‘now more than ever’ according to National Grid ESO as it makes digital transformation its top priority for the next year.
E.ON has managed to turnaround its operations in the UK and is expected to recover faster than originally anticipated, it said in its full year results for 2020.
Bulb’s revenues are up 85%, helping to reduce its operating losses to £59 million as its customer base surges.