Consultancy McKinsey published its Global Energy Perspective 2019 in January 2019. It examines energy trends over the period to 2050 under a single reference scenario.
Key trends detailed in the report include that electricity consumption will double by 2050 and gas use will continue to grow. However, McKinsey predicts that global primary energy demand will plateau after 2035, despite continuing population and economic growth.
Neil Mearns
Energy storage and flexibility
The surplus rooftop solar provides an enormous opportunity for additional flexible load, where this can be optimised during the day. Electric Vehicles acting at a distributed level (exactly where the surplus is arising) provide the perfect solution if utilised in conjunction with smart metering to assist in mitigating these issues....
Energy storage and flexibility
With the onset of spring in September, we typically observe a drop in demand in NEM. However, this year the decline in demand has seen NEM and multiple states breaking several records for minimum operational demand in the middle of the day, which is largely driven by solar penetration in...
Power and gas networks
It is certainly not a standard summer season for gas prices. Normally with demand for gas typically lower, we should see prices at the lowest levels of the calendar year. However, Summer 2021 gas prices are currently seeing bullish momentum with price points that we would expect to see in winter. In this ‘Chart of...
E-mobility and low carbon
It is safe to say that most of Great Britain’s (GB) heat and transport systems are from high emission sources that are incompatible with net zero. Decarbonising how we heat our homes and move from A to B is crucial to meeting our emissions targets. However, the biggest challenge associated...
Business supply and services
Over the last six months our Pricing in the SME Gas and Power Markets reports have tracked a recovery in SME prices, following 5 consecutive quarters of price reductions. In this Chart of the week, we look at the trends in energy prices in the SME sector and how they...
Low carbon generation
South Australia is back in the news again with the state achieving a world-first on Sunday, October 11, 2020. According to a recent update from the Australian Energy Market Operator (AEMO), between 12-1PM, solar power provided 100% of South Australia’s energy demand - a first in Australia and for any...
Low carbon generation
Last month, the NSW government issued a call to renewable developers to respond to a Registration of Interest to develop a pilot Renewable Energy Zone (REZ) in the Central-West region of the state. This REZ – with an estimated worth of $4.4 billion in private investments - is expected to...
Energy storage and flexibility
The current dearth in energy demand and high renewable generation has brought the need for flexible consumption sharply into focus. Last weekend, Octopus Energy paid thousands of smart meter customers to use energy. Industry is now seriously looking at how households will be supported in their participation in demand side...
