The Energy Market Data Hub (EMDH) released energy switching data on its latest report for the first few months of 2020. This information revealed that due to the Covid-19 pandemic, there had been a significant impact on the consumer’s decision to change suppliers. The number of consumers switching suppliers has significantly increased in the past few months.
Amid the Covid-19 pandemic, essential services such as power companies have a responsibility to ensure that people do not have to worry about their electricity and gas supplies.
As per documents revealed by market regulator Ofgem, Tesla has applied for entering a new sector in the United Kingdom- that of electricity generation. While there have not been any official statements from Tesla regarding the same, filings with the industry regulator have revealed what Tesla may be planning.
Furthering the UK’s objective of switching over to zero-emission energy generation by 2025, the Kilroot power plant was recently converted to run on gas instead of coal. The announcement comes at a time when the country is looking at its longest-ever period of carbon-free electricity since the Industrial Revolution. Earlier, the UK had gone for 18 days without carbon-based electricity, a period that ended on 4th June 2019.
In already challenging times, a recent statement that announced the merger of E.ON’s Industrial & Commercial Unit with the Business Solutions division of Npower has worried thousands of employees across both companies.
May 10 marked the UK’s first month with 100% coal-free electricity, something that has not happened since the industrial revolution. With the reduction in energy demand due to the ongoing lockdown, industries have now been provided with a view of what the energy sector would look like in the years to come as the UK works to phase out coal-based generation.