Electricity, like most things, is one of the many aspects of modern society we take for granted. Essentially, electricity is the beating heart of everything; without it, everyday life would stop!
It doesn’t seem too far-fetched to consider that at some point soon, electricity demand will become greater than our ability to generate it…this is known as The energy security crunch point.
Renewable energy company Drax Group predicts that this ‘significant challenge’ will be here by 2028, meaning we don’t have much time to set a change in motion.
Causes of the Energy Crunch: What causes the Deficit?
In 2028, the demand for electricity during average peak times is likely to exceed the availability, with a staggering 7.5 gigawatts being the predicted number.
The energy deficit is calculated by using various elements;
- The rise in demand for energy with each passing year.
- Energy assets like fossil fuel power plants and the decommissioning of nuclear power station Hinkley Point B in 2022.
- Delays in the construction of Hinkley Point C.
These components have the potential to cause major disruptions to our energy supply, being forced to rely on infrequent power sources, both domestically and internationally. This would lead to power cuts that would impact the function of our society. By making the change to renewable energy, you could set in motion an important transition.
What is the T-4 Capacity Market Contract?
The impending surge in demand, particularly noticeable in 2028, will have a significant impact. The increase in demand, along with electricity generation, is anticipated to have lasting effects over the next five years.
The T-4 Capacity Market Auction is an event that hopes to gain enough electricity for 2027-28. In this energy auction, suppliers compete to secure contracts by demonstrating their capacity to deliver the extra power necessary to meet peak demand periods.
What’s the Energy Crunch Solution?
To prevent the crunch from coming to pass or even at best lessening the blow, there are several factors to consider implementing into the infrastructure of society:
- Improving the uptake of domestic upgrades such as renewable energy improvements: e.g. Insulation, heat pumps and solar panels.
- Revitalising the operational lifespan of nuclear power plants slated for decommissioning.
- An agreement on transitional periods for biomass operators who wish to integrate bioenergy with carbon capture and storage technology.
What can YOU do?
You can play your part in preventing this energy crunch from coming to pass. By introducing renewable energy upgrades to your property, you can begin to generate your power – cutting your bills and improving your carbon footprint in the process.
Energy Advice Helpline can help you gain all the information you need to make these renewable energy dreams a reality. Discover how ECO4 can empower you to seize energy upgrades for your home at zero cost!
With renewable energy upgrades, your home could harness the power of the sun through solar panels, powering your home with an air source heat pump, and capturing the heat from this heat pump with installation!
Further Reading:
