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Within the UK, wind power was the second largest source of renewable energy after biomass in 2013. [ 51 ] In 2014, Imperial College predicted that Britain could have 40% of electricity from solar power in sunny days by 2020 in 10 million homes compared to a half a million homes in start of 2014.
A period of high prices means households have collectively built up debt of £3.8bn to suppliers. The average household in arrears owes more than £1,500 for electricity and £1,300 for gas.
Energy mix of the United Kingdom over time. Total energy consumption in the United Kingdom was 142.0 million tonnes of oil equivalent (1,651 TWh) in 2019. [2] In 2014, the UK had an energy consumption per capita of 2.78 tonnes of oil equivalent (32.3 MWh) compared to a world average of 1.92 tonnes of oil equivalent (22.3 MWh). [3]
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English: Pie chart showing generation of electricity in the United Kingdom, by energy source, for the first quarter of calendar year 2023 (1q2023). Data source: Wind powers Britain more than gas for first time. Drax (10 May 2023). Archived from the original on 14 May 2023.
The energy price cap is predicted to edge up by 1% from January, according to analysis by Cornwall Insight.
In 2023, 64% of firms that took part in a survey on investment were concerned about energy prices, while 46% were concerned about regulatory frameworks and pricing instability. Businesses in Central, Southern and Eastern Europe reported a higher rate of energy consumption increases of 25% or more than the EU average (77% vs. 68%). [35]
The UK is going to see gas prices remain high over the next few years, even if some of the current extreme costs ease off, said Nathan Piper, an oil and gas analyst at Investec.