Picture of the Week: Demand for #electricity will grow significantly over the next decade driven by #electrification of #heat, #transport and ongoing #digitalisation. This follows from no growth in electricity demand in OECD countries over the last 20 years and that despite the massive digitalisation of our world…and the main reason as my good friend @MegaWattXinfo says is #LEDs and other #efficiency measures ….The good news about all of this growing demand for electricity is that it will be #clean, #green and mainly #renewables
@gerardreid14 Yes but much less new capacity than most think. Historically assumptions to additional peak demand were the critical factor as that's what grids were designed first (largely still are!). New demand will be temporally manageable & spatially too with increased local management.
@gerardreid14 I believe that the usage per head of the US is much higher compared to Europe. Would this be enough of a delta to offset? It’s notable they are behind Europe on switching over to LEDs and other efficiency measures. My understanding is that UK usage is still currently reducing.
@gerardreid14 At present electricity demand in Germany has fallen 10% (!) in 23 compared to 21. CO2, THG, CtO Prices in EU very low. Market prices even 10years in advance low. Why are markets totally different from that massive growth Trends in e- consumption?
@gerardreid14 Australia's electricity generation grew by that much in under 3 years in the 70s. The US put people on the moon & was almost building an aircraft carrier a week by the end of WW2, so I think you'll be right.