David Hunter @davidhschneider
Director of Market Studies @ Schneider Electric Sustainability Business. Views my own, RTs not endorsements. schneider-electric.com/b2b/en/service… Edinburgh Joined November 2012-
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All I want for Christmas is a new max #Wind generation record 🎅🎄 Today (21 December), wind generated a new high of 21.8GW electricity ⚡ between 8:00-8:30, providing 56% of the generation mix. This breaks the previous record set in January. We are still waiting for all the…
What do we mean by the "energy price cap" and what does it mean for households and businesses? @davidhschneider, Director of Market Studies at #SchneiderElec discusses all with @BBCLauraMac from @BBCRadioScot [12.26-20.10] - spr.ly/6019PUk61 #Sustainability
Average global temperatures per year since 1880 until 2023
In the midst of an energy price crisis, this may seem rather strange, but rampant solar generation at the weekend caused European power prices to go strongly negative - as low as -€500/MWh in Germany at one point. Negative prices…lnkd.in/ee-AgCrB lnkd.in/ewuh5mWE
CHINESE SOLAR: Chinese installed capacity from the sun is growing rapidly, and last year reached around the equivalent of 8 TIMES the total peak electricity demand of the UK. Total wind & solar capacity there is planned to hit 1,200 GW by 2025. Exceptio…lnkd.in/eN7C9x-N
Despite the very significant and growing installed capacity UK wind generation right now is delivering only 2.4% of our electricity demand. It's sunny, so 14% is coming from solar - but gas is picking up the slack, with 52%. The energy transition is bot…lnkd.in/e6BTPPMx
CHINA COAL: How depressing. Coal power in China is still increasing in absolute, if not proportional, terms. With 100 new coal plants planned to be built, the only bright spot is that these may end up being loss-making, stranded assets - Reuters specula…lnkd.in/eZTgRhKV
LOW CARBON GENERATION: Renewables currently generating 62% of UK electricity - with 51% coming from wind (~18 GW). In total, 80% of demand is being met by low carbon sources (adding nuclear & French imports). All this results in a very low carbon intens…lnkd.in/eu2rf5VN
UK ENERGY IMPORTS TOP £100 BILLION: A wake-up call for those unsure about the need to produce our own energy to reduce dependence on imports... We need to accelerate investment in renewables, nuclear, hydrogen, and energy storage.…lnkd.in/eAimaVYe lnkd.in/e_AsgiSM
The ESO has issued an additional notification that we will warm four of our five winter contingency coal units for potential use on Tuesday 7 March.
On Sunday #wind produced 49.4% of British electricity, more than nuclear 15.7%, gas 15.4%, imports 10.4%, biomass 4.3%, coal 2.0%, hydro 1.6%, solar 1.1%, other 0.0% *excl. non-renewable distributed generation
EUROPEAN GAS PRICES / STORAGE: The weather gods continue to be kind to Europe as temperatures are set to rise next week, alleviating pressure on storage levels, already at the top of their 10 year range. Storage levels and benign…lnkd.in/eFVcaEju lnkd.in/eYYQ8AgF
As part of cautious measures to ensure we continue to have adequate operational reserves tomorrow evening the ESO has activated the Demand Flexibility Service for Tuesday evening between 4:30pm-6pm.
12 years in a row! @SchneiderElec has once again been named one of the World’s Most Sustainable Corporations by @corporateknight, ranking #1 in our peer group. Thank you to all our stakeholders for coming on this journey with us.
Yesterday #wind produced 53.7% of GB electricity followed by nuclear 15.3%, gas 11.2%, imports 9.8%, biomass 5.2%, hydro 2.9%, coal 1.8%, solar 0.2%, other 0.0% *excl. non-renewable distributed generation
Yesterday #wind produced 56.1% of British electricity followed by nuclear 16.3%, gas 11.2%, imports 8.7%, hydro 3.2%, biomass 2.8%, coal 0.9%, solar 0.8%, other 0.0% *excl. non-renewable distributed generation
US total oil exports (crude + refined products) surged last week to a fresh all-time high, reaching almost 11.8m b/d. The export boom has triggered a large drop in domestic commercial inventories. The US remains the barrel of last resort to the global economy | #OOTT
Yesterday #wind generated 51.0% of GB electricity, more than gas 20.9%, nuclear 15.9%, imports 5.6%, hydro 2.4%, biomass 2.2%, solar 1.8%, coal 0.1%, other 0.0% *excl. non-renewable distributed generation
** EU ELECTRICITY MARKET NO LONGER FUNCTIONING, VON DER LEYEN SAYS **
Another shocking day in European gas / power: Dutch TTF nat gas jumps to €295 per MWh (that's almost $500 per barrel of oil equivalent) And record prices in the benchmark 1-year forward electricity market. France (chart) surges >€800 per MWh and Germany rises >€700 per MWh
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Business Declares (in... @BizDeclares
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