British Gas owner Centrica said electricity demand among its UK business customers was down by around 15% in the second half of 2020.
Fossil fuel generation has more than halved over the last decade, hitting a new record low in 2020.
Power consumption is set to more than double by 2050 as electrification increases, according to new research from McKinsey.
The volatility in the energy market has continued this week, with National Grid ESO issuing another Electricity Market Notice (EMN) while day ahead prices just to almost £1,500/MWh.
2020 was a record-breaking year, with wind generation, solar, and coal-free records helping to make it the greenest year ever for Great Britain’s electricity network.
The Solar Media Podcast returns for its first episode of the new year, with Liam Stoker and Andy Colthorpe discussing what’s on the immediate horizon for the solar and storage sectors.
The imbalance price reached a high of £4,000/MWh on Friday evening, capping off a dramatic week in the energy market.
OVO Group has said its 2019 results are “in line” with its financial plan despite recording a loss of £106 million for the year.
The first week of 2021 has been a turbulent one for the UK’s energy market, with price spikes and tight margins keeping traders on their toes.