Bryt Energy: energy health, low carbon future and the business electricity market during Covid-19
Bryt Energy have released some helpful information on how you can improve your energy health during Covid-19 times, the potential for a low carbon future as seen from a Covid-19 view and the early effects of Covid-19 on the business electricity market.
As your day-to-day routine changes and some of your buildings are temporarily vacated or even closed, there are several simple actions you can take to optimise your electricity usage, avoid unnecessary costs and ensure valuable renewable energy is not wasted. Some of these changes could include:
- Know your usage.
- Switch it off.
- Turn it down.
- Get your staff engaged.
- Look to the future.
For a more detailed version please click here.
Learnings from Covid-19- low carbon future?
Daily lives and behaviours have adapted dramatically for coronavirus and as a result, reports show that human activity is at its lowest on record, and demand across industries has plummeted. This lower demand, with a greater proportion of renewables in use, has resulted in lower emissions and thriving nature. It’s demonstrated that radical behavioural change can rapidly reduce emissions and be implemented in the future.
Read more here.
Early effects of Covid-19 on Business electricity market
Effects on policy
- Electricity demand has fallen by between 15-19% since the lockdown compared to a similar period last year when there were no restrictions
- Delay the flagship UN Climate Summit, COP26, scheduled for Glasgow in November.
- The push to reduce emissions is unlikely to be affected in the long-term.
- It seems that achieving net zero by 2050 is still a key priority for the government.
- be expected to follow the EU’s lead in putting clean energy investments and sustainability at the heart of the UK’s industrial and business recovery from the virus.
Effects on the Market
- Wholesale energy prices have taken a dive.
- Renewable energy generation now accounts for a larger share of the reduced market, leading to a less carbon-intensive grid mix.
- Non-energy elements of your bill can be expected to rise. They cover delivery and balancing costs, as well as several government schemes encouraging low carbon generation.
Implications for businesses.
- Business closures, cut–backs, and cash strains from Covid-19 are affecting businesses from all industries, as well as their energy contracts.
- Demand appears more unpredictable over the coming months.
For more detail on this, click here.