For once, youtube recommendation algorithm made a good job. Stumbled upon this video by accident, already subscribed. This was quite interesting, thanks for sharing. Going to watch the rest of your videos, especially the predictions.
The reduction in consumption ties with the introduction of flat screen tvs and computer screens, later LED lighting makes a big impact. Refrigeration has been a big consumer of power, better insulation and compressor efficiency gains might have a big impact too. Doors on frozen food cabinets are now standard in supermarkets. Whilst you have commented on EU supplies, this is one area where the UK is very much a participant in supply and consumption via the interconnectors. In the UK the solar generation is calculated by Sheffield University which has data on solar panels including those on domestic roofs, by monitoring weather the performance of solar is calculated. The UK is frequently only using a minimum of fossil fuel to maintain frequency, wind power is often constrained to meet demand.
+1, net-metering has so much red tape involved and panel/battery/inverter equipment has fallen so steeply in price that an increasing number of people are installing 'off-grid' type systems in grid-tied homes. Several modern inverters now come with power current sensors that make it so the system can accurately measure your usage and avoid sending power to the grid if you are not permitted to do so. Combined with cheap, energy-dense LiFePO4 batteries and normal people can now achieve energy independence with a reasonably short return on investment.
very true. there is for example a huge push in little balkony solar systems here in germany. 400-800W systems, that can already reduce household consumption quite a lot. and im working in the mashine building industry. literally all our customers are RAPIDLY switching energy sources, rebuild production and invest in efficiency!
Very true. I have 9kW PVs and I self use 60% right away, with 40% re-injected in the grid. Here in Belgium, for those with systems before 2024, we can "reclaim" for free the kwh injected, BUT we pay a tax for this injection.
The reduction in demand is due to the cost, my bills have tripled since 2021 but my bills haven’t increased massively as we have had to cut back usage massively as we can’t generate the extra income to spend on energy! We don’t heat the entire house anymore and no longer use the electricity shower choosing to shower over bath (gas heated-cheaper) how we cook has changed, putting on an over to heat chips costs more than the chips themselves so we cook on stove top instead (gas) also cheaper! With prices set to come down a little i may play more PS$ and use the electric shower but in the UK the supply charge has increased so much that people can only afford to pay the supply charge and rarely use it! Stealth tax basically!
Hi, fuel costs have not dropped as expected that are currently double what they used to be, with more renewables. Someone is making a killing! I expect more roof top solar to be deployed since their payback is now 3 to 4 years. If you add a battery it blows out towards 9, but with decreasing prices they may become more common and the solar bit might not get done. This is due to the ability to fill it with cheap night time power and draw it during the day. The ability to use you car battery fir this in the future will change the power market. Take care M.
@@markeh1971 There is a good reason why our bills have not reflected current and future energy costs, we are paying for the billions lost saving failed energy companies and paying for fixed consumer tariffs becoming underwater when the real cost of gas hit.
Your situation may be fundamentally different to mine, I decided to turn on all my rads, but setting the TVR's in unused rooms at 1/2 open. Then I reduced the flow temperature of the boiler. I have watched my usage daily and it seems that compared to last year on similar cold days, I am usung the same or slightly less gas.
@@JohnnyMotel99 We are paying for massive mistakes done due to green politics. Germany destroyed their functioning nuclear power plants and for a large part destroyed the coal plants also. As a result the country became dependent on russian gas and fell under the leverage of Putin. HUGE mistakes which now result in lack of production and consumers suffer as a result.
@@Munakas-wq3gp That's funny about Germany, because I just read a piece about how Germany has massively reduced consumption of energy and masively increaded output of renewables...
Solar in northern europe makes a lot of sense due to the extreme day lengths. I live close to Copenhagen, and in summer we get more than 17 hours of sunlight at the time of the summer solstice. Sunrise is at 4:30 or so, sundown is at 22:00 or so. Considering that solar usually complements wind quite well, it makes sense. Sure, the construction needs to be a bit different, with panels pointing further east-west in some scenarios, and with steeper angles, but it can easily cover the times of high electricity demand in the evening, at least in the 3 months of summer from may to august.
yes, solar in Northern Europe should be viewed as a part of solution of wind+solar. While solar produces way less in winter, wind on the other hand produces more in winter. Germany monthly production for last year illustrates how solar balances wind very well.
This is true, but the total kWh/yr generated by a panel is still lower, and this is why we had a small time gap between when PV became profitable in Spain, and when it became profitable in Finland Of course, this production gap is only about a factor of 2, while the price reductions over the past 15 years has been a factor of 10, so the time gap between these different profitability thresholds was very short
Yes, the panels still make less electricity, I just wonder if maybe they are more suited to cover the peaks without that much use of batteries, although I think also then they should track the sun which adds more cost... as the sun is not at the same position at 6 in the morning as it is at 21 at evening, even if at both of those times it is already sunshine here in June@@SizeMichael
As noted by others in the comments demand reduction has occurred because 1. Price increases force people to reduce consumption 2. Increased electricity prices make the installation of home solar and batteries more financially attractive 3. Efficiency gains brought about by regulation. For each individual household switching for example to LED lights might only reduce consumption by say 30-50 watts per light replaced but multiply that effect by millions of homes and it soon adds to a complete power station. Similarly regulation regarding TV on standby, power of vacuum cleaners etc.
Some of it probably is attributable to prices, especially for the first half of 2023, but the broader trend goes all the way back to 2018. So far in 2024, demand looks to be rebounding somewhat, but not all the way to 2022 levels
Residential PV and industrial/ companies' installed PV for self consumption draw a lot less energy from the grid, so at the grid level this is seen simply as lower energy demand. This may explain at least in part the reported lower energy demand, which I believe it's reported at grid level
Yeah... I think we'll start making progress on that fairly soon, but it might not be a straight forward "energy rates at the supplier of last resort go down", it might be more of a "the average price of all energy actually consumed is going down via a combination of everyone getting PV for self-consumption and taking advantage of time-of-day pricing from specialized suppliers"
My explanation for the demand reduction is two fold, one is that things like heat pumps are more efficient users of electricity than the things they are replacing. two, is that things like refining fossil fuels to make them useful, uses a lot of electricity. Have refineries closed in Europe in the last few years?
Big improvements in efficiency in home appliances also might be a factor in driving down demand as a whole too? Here in my house hold 15yrs ago all light bulbs were 45-100w globes x 20+ lights through out the house on at different times obviously. Now every single light bulb is a 7w LED and on average 2 light bulbs years past would = my entire house today. So with the whole EU doing the same that there is a massive drop in energy demand. Old house 20x average 60w globes or 1.2kw of lighting total, new house 20x7w LED = 140w total, nearly10 fold reduction.
Yeah, but it means you lose the cultural trope, of a grumpy middle-aged dad, who shouts at the kids to '...turn that bloody light off!' He'll have to content himself with grumbling that 'SOMEONE has turned up the thermostat.... AGAIN!' (cue canned laughter.)
Dynamic metering may save a lot of battery storage. I chose one of the dynamic (hourly) electricity contracts and now I charge my car when electricity is cheap. 2 observations - a) we have noon 0ct/kWh already (February), so solar has a big impact already. b) the price curves are getting much smoother as more comsumers opt for dynamic metering.
At what Battery cost, The cost of solar energy (both generation + storage) will become cheaper than Fossel fuel energy ? Solar energy is already cheaper, But when we add storage to it, it becomes little expensive. That is why fossel fuel energy is still being used when there is no sunshine. 2nd, Isn't Sodium ion battery better option for Stationary grid scale storage, Because it can be far cheeper than Li-ion if mass manufactured. Yes energy density is low, but it doesn't matter for Stationary purposes.
Thank you for making this most informative video that should be watched by everyone.... Its so good I am going to forward it to someone I know who has a huge following in this space and ask him to consider promoting it to his audience. Again thank you and congratulations you deserve much wider recognition and encouragement!
It seems Europe was working hard last year with solar installations and probably still is cause latest data from solar production is crazy. Soon we will need an update video as Europe is going all in and it seems to be working despite what the fossil fuel lovers and 'one solutioners' (nuclear crowd) were saying. They are already crying that two weeks of super low prices in Spain will bankrupt electricity producers as if markets cannot adjust!
Hasn't part of this lowered demand happened because Germany shut down one of its steel mills due to costs associated with intermittency? I understand that we should decarbonise, but it shouldn't cost key major industries. Can storage account for the 6 months of the year that renewables are hindered (chiefly solar)? If so, is it truly sustainable to make the sheer overbuild necessary to accomodate that?
Make it a mix, solar, wind, wave, other hydro. Add in improved storage, interconnectivity and improved energy savings from other sources., then you can get reliable supply all year round. It is not uncommon now for Scotland to be produce enough power to run the entire country's electricity needs from wind alone (Not counting any other sources of power) for days at a time. Sadly we are not in the EU anymore but hopefully one day we can join the family.
It's the key question. Storage is still nowhere, but it would be nice to have some information on this. At this point it is clear that there is no way around nuclear for a successful strategy.
@@puma7171 Deep-bore geothermal may yet supplement or even replace the need for nuclear in generating carbon-neutral base-load power. Companies like Quaise Energy are rapidly adapting old oil-well drilling practices with cutting-edge deep-bore enhancement like milimeter wave technology in order to create bore-holes that could be upwards of 20km deep allowing for access to ground temps of 500C all over the world, not just in super-special locations like Iceland. Unlike fusion power, these techniques leverage broadly off-the-shelf tech with only a small percentage of newly advanced science to make it work and have a very realistic shot at being deployed en mass well before the year 2050.
It's good that lignite is dropping vs. gas, for multiple reasons: 1. Liginite emits almost twice as much CO2 per kWh compared to gas (~900g/kWh in lignite vs 400g/kWh in gas, in modern plants each) 2. Lignite plants usually take long to start and stop due to the coal pre-heating/drying systems taking a while to fire up, and gas is therefore better for a variable input system dominated by VREs.
Nuclear is utterly done. France's third largest nuclear company entered in bankrupcy in 2012, then in 2017 Areva (the second one) was bought by EDF (the largest in the world) on the verge of bankrupcy. Two years later (2019) mid term debt of EDF surpassed the 70k million € and in summer 2023 the French Goverment had to withdraw EDF from the stock marke due was heading to bankrupcy with a debt surpassing 100k million €. Nuclear is unprofitable and every year that pass their ageing facilities are more expensive to operate whereas renewables become more and more affordable and efficient, and the energy source is literaly free.
@@katarinaspisiakova1201 partly but not only rooftop PV. I remember many people pointing out that the winter was more mild than expected or at least more mild than usual, and that was expected to lower energy demand for heating.
Looking at it now, still a week in April left, but... 2023 (Jan - April) Total generation: 844,63, out of which 41,32% renewable, 24,56% nuclear, 34,12% fossil (out of which hard coal and lignite, 14,48%) This year so far: Total generation: 810,9, out of which 47,5% renewable, 24,9% nuclear, 27,6% fossil (out of which hard coal and lignite, 10,7%) Since there is still a week left, it is safe to say that the demand has rebounded to an extent, it was higher for first 3 months this year and will be now too, but fossils have not rebounded. It is how it is, renewable growth continues, especially taking into account there is more solar coming online due to the peak season now starting for solar.
I added a small balcony PV system myself, PV installation is getting easier- plug and play! This type of installation is a fraction of the cost of mainstream installations. I suspect there will be many more DIY projects far bigger than mine.
@Michael Size just on 'Demand Reduction' it CAN be possible with increased Electrification - It's due to the factor of 'Efficiency' - a simple example, look at the introduction of LED lights to supplant the older light bulbs and public lighting.... but also other areas, modernised, smarter grids etc... it can all improve efficiency and more efficient, targeted use of electricity. People with solar can choose to install energy storage solutions in their homes and buildings too, which can be to a point to make them more independent of the grid - so that can reduce Grid demand too. This can include many businesses too who may normally require 24-hour energy operation and reliability for their freezers or machinery some such, so then require ensured supply independent of external reliance on a grid. But back to efficiency of gadgets and infrastructure - many things consumers have, have more smarter energy usage, including white goods etc... and that's in fair part due to EU regulations and regulations from other regions of the world, encouraging more efficiency - so people's fridges etc may actually utilised electricity much more efficiently and less, than the old refrigerators they replaced. This is a process happening at a grand scale too. It's also the very reason BECAUSE we're soo reliant on electricity and BATTERIES, that means Smart Phones, LAPTOPS, Tablet devices and many other battery powered devices, are ever more being designed to be more efficient with energy usage to prolong the battery life. Anyone with a Smart Phone can be familiar with features on the phone to stretch out that usage between charges! The same is with Electric vehicles, between public charging stations on longer commutes - efficiency kicks in, it's famous with EV drivers, they will tell you. Just because we're using more electricity now and have more people now, doesn't mean we're using it in the same, wasteful, way we were 10-20 years ago - Efficiency is a very important part of innovation in reducing demand and driving sustainability and the complementary other side of the coin, to the Power Generation area which your video looking at. Conversely, to the average person, look at hour inefficient things of even our recent past were - like older I.C.E cars compared to more modern I.C.E cars, with price of fuel and consumer demands, fuel efficiency became a key concern, combined with also jurisdictions legislating regulations for that. There is innovation and cost reduction in Electric Ovens, Electric Heat Pumps and even Electric Induction Cooktops too, important to help phasing out consumer and commercial-level reliant on a mains gas connection. That doesn't necessary reduce Electricity usage, just gas, but the nature of how those devices work and even how people live (Like eating out, home delivery), means they may not necessarily be consuming that much more electricity in replacing the void left by switching off from mains gas. In public infrastructure and industrial too, not just LED lights, but businesses and industries demand efficiency gains at their core, reduced operating costs, so they often embrace such opportunities to do so and they have, and thankfully, with innovations they have more accessible technologies in-order to do so, including smarter devices to manage their energy usage operation. And one last thing from left field to throw in here - the great reduction or evolution in Crypto Mining? Sounds silly, but as it's become much less attractive to horde a great number of GPUs in rooms and warehouses, as inefficient heatboxes hungry for ever more electricity, less are doing it and so not only have we see GPU prices and supply start to normalise, but also perhaps, their share of the 'grid demand' also reduce? It can be a combination of all these factors and even more - like people working from Home more, into work office less, so again, Office lights and multi-story building air conditioning and/or heating on for less times in the week?
Our electrical appliances are getting more efficient, but just as a thought experiment: A "traditional" 1990 household uses most of its electricity for lights and a fridge, while cooking on gas, heating on gas, and driving on oil. You add cooking on electric - even induction - the electricity demand doubles. You make the hot water electric, it doubles again. You make the car electric, it doubles again. And you make the heating electric, it doubles once more. That's 4 consecutive doublings, a total of 16x, it makes it hard to imagine how efficiency gains could outcompete this trend Primary energy will certainly go down, thanks to the efficiency of EV and heat pumps over their combustion counterparts, but electricity seems like it should go up
Excellent analysis and data where these analysis are based. In fact the author of these analysis understand very well the global data and try to argue that renewable energy on Solar or Wind have positive result on energy transition and on decreasing the use of fossil fuels. This certainly on one side show that all plants with fossil fuels have decreased the energy use to run, but on the same time have decreased and output, so the plants have worked with low utility. Some of these energy is replaced with energy from solar and wind, but this increase the cost of energy and as result make every user to pay more. When the users pay more these "kill" the economic development. The author may keep his thoughts on cost of solar or wind energy, but if these investment are considered cheap with efficiency around 15% or 25% respectively and service life around 20-25 years, without storing energy, and are with low cost, then the energy prices the consumers must be charged must be lower. The EU practice show that the energy prices are increased and this is counterintuitive with low cost on solar and wind. If the EU and even the world will really on energy transition on wind and solar with efficiency 15% or 25%, the EU or the world will dig "the grave" not only on energy but and on all economic development. Without energy nothing has life, so all manufacture, all the transport, all industry will be disrupted and so will be the economy together with wellbeing.
For what it's worth first 8 weeks are cleanest ever in electricity in EU... consumption has rebounded and grown over same period last year, but fossil sources are declining
Efficiency does increase but demand is not dropping, we are simply not accounting it anymore as a lot of consumption is moving to private solar or solar with battery consumption which is not accounted.
@@tristankordek I was not concerned about the grammatical error, but the fact that they are in the plans, meaning “will be built”. You wrote “being built”, which would imply that they are already under construction, and we might be able to say something like that in two or three years if everything goes according to plan.
Part of the reduction of demand is caused by more efficient appliances, most mandated by law. The move to LED lights is one example but not the only one.
The reduction of demand is caused by the inflation and the explosion of energy price due to wind power caused excesses and shortages. The price per kilowatt in the Nord pool exchange was just recently 230c/kwh at peak demand instead of the normal 1-2c/kwh. Green energy is a catastrophy for the economy and reduces peoples quality of life by being forced to skip on energy use.
Energy is expensive because we lost our supplies of fossil fuels faster than we got rid of our demand for fossil fuels I fully support fracking every square kilometer of the continent to get more oil and gas, but for their part, renewables are making the crisis less severe, not more severe.
Honestly, I don't really care. I'm interested in European energy security: there are several ways to achieve it, but only one stands out as having the highest political momentum behind it, and that is the strategy of maximizing renewables. This is why I track renewables in Europe so closely Last I checked, China was adding renewables faster than any other country, but also building more coal power plants in a year than Europe built in its history
Well if it is "security" you are talking about, then in the UK we are an island of coal floating on a sea of oil and gas. Why should we care about renewable energy? As for Germany, you have about 31 billion tonnes of mineable lignite coal - which you have decided not to use - and then there is all those nuclear power station from which you used to get clean, reliable, cheap energy - which you have decided not to use. Instead, you import PV panels from China and hope it is not cloudy for too much of the time. If you are serious about energy security, it seems a very backwards way of going about it.@@SizeMichael
bit of a correlation causation fallacy going on here. in a vacuum it does appear that the increase in wind and solar is the driving force behind the reduction of fossil fuel usage. in the real world however there are tons of factors that can contribute to this. this isn't to say wind and solar haven't grown, they clearly have, but as you've said 1/4 of the way into the video, 37,9% is because of a reduction in demand. and it's easier to turn of a coal/oil/gas power plant than it is to turn of a solar or wind farm, or a nuclear reactor. so when demand drops, the first things that get turned of are the fossil fuel generators. now, as to why there's suddenly a decrease in energy demand? well... I'm no electrical engineer, but I DO pay money for electricity. and my bills have not been gentle, so I had to cut my usage to make ends meet. I wonder how many other people have had to do/done the same. so overhyping renewables, when there's a ton of factors playing in on the energy market. perfect example of looking for data to back up a claim, whilst asking people to ignore the man behind the curtain.
Wrong, its easier to turn off (and power up) a windturbine than most other sources. Good luck to stop a lignite Power plant! you have to grind the whole mine beside it to a halt. Therefore in germany the turbines are used to regulate the grid, thats why you see some standing in a turning group without visible reason
I'm sorry to hear that all Germanies powerplants are lignite power plants build upon brown coal mines, and that they lack the 21st century technology of Gas and Oil power plants. ones that are much more controllable in terms of output. I'm also sorry that you live in a country that had ample, clean, nuclear power generation. but decided to believe the fairytales of the big bad green glowing bogyman, and shut that whole sector down, meanwhile re-opening those polluting powerhouses that are Lignite Powerplants. I wont dispute that Germany uses its green energy sector as an on/off switch for when their fossil fuel generation isn't enough. but most other countries that are trying to go green and either didn't close down their nuclear sector, or upgraded from coal to oil and gas, use their fossil fuel powerplants as the on/off switch.
Warmer winters and reduced industrial use could explain some of the reduced Electricity use?? Interconnectors can use better use of Electricity surpluses and deficits?? Advances in Battery Storage will start to make huge impact to full use of renewables!! Better use of "wasted heat" to convert to community heating systems makes energy use more efficient!!
Hi, I have to say roof top solar will be a bigger part in the future. With electric prices so high the payback is now 3 or 4 years, less if you do a cheap ground mount system. The bonus is you own it and one it is paid for the power is free. Take care all M.
The only factor reducing demand has been the 100-10000% larger prices of energy. A few days ago a kilowatt of energy cost 2.3 eur in Nordpool. Not 2.3 cents. 2.3 euros.
I think Geo-thermal, might be a dark horse, and in a fairly short period of time, play a really significant, base-load generating, part. There are two approaches which the proponents of say, can be successfully deployed anywhere, not just in certain rare sites. One company, if they live up to their own hype, of using plasma drills, to drill down 20Km in 100 days, will revolutionise the transition. The physical footprint is tiny and they could be used to power, ex-coal powered generation plants. The other company's claims are more modest, but still huge, and they are much further ahead with test bores in Germany.
The North sea is littered with tens of thousands wind turbines which suck cold dominant currents and Souther Europe burns in heat and drought ... Is it coincidental? Germany increased coal usage by 400% since it closed nuclear power plants.
This is something that never gets brought up. There must be environmental effects in depleting the energy from wind. Thermal transfer by the natural air currents is seriously hampered.
The atmosphere is kinda big. Buildings, trees, mountains, etc. cause vastly more wind drag (like, millions of times more) and don't affect wind currents one bit. So, just no.
@@Munakas-wq3gp Makes no difference. Like, at all. A wind turbine will slow the wind less than a building, it doesn't matter that the energy is just turned into heat vs electricity, it's taken out of the wind either way. I think you have some very odd ideas about how wind turbines work. They're not like vampires or something, sucking the life force out of the wind. In order to operate at maximum efficiency, wind turbines can only harvest an absolute theoretical maximum of about 1/3 the energy. It can't harvest 100% of the energy because that would mean the wind has now stopped. A building *can* stop 100% of the energy. Think about it. Like, in a better, more realistic way than you're currently doing. Maybe learn some science.
See Tony Seba: It is cheaper to build a solar or wind farm with battery storage than it is to operate a coal-fired plant. Not build a new coal plant, just burn coal in it. Coal is dead, it just doesn't know it yet.
Michael, rose tinted glasses I'm afraid. One reason for the lowering demand is the closure of a lot of industry, either re locating to countries with much cheaper energy or simply closing and Asia makes what Europe used to. That and the cost of electrcity on a steady and upward climb to the detriment of all. Renewables make electrcity expensive and less reliable.
But energy demand this year is again growing in Europe. not declining, and renewables are still rising % wise. Renewables as such do not make electricity expensive, probably new connections to get the renewables on the grid and interconnections in Europe do make it so, but now a lot of manufacturers and people who live in private homes can lower that cost with their own solar which is growing really fast and batteries going down in price will also play their part. Maybe it is more expensive until the infrastructure is built out, but in longer term the cost should stabilize and with growing incomes, it should not be a big issue. But also... burning coal or gas is also expensive due to ''green transition'' so there is not much choice, nuclear takes time and also is expensive. Also a lot of stuff energy wise is expensive to build in Western Europe now probably because of NIMBYs, salaries etc. I doubt non-renewables would cost less with all the red tape and consultants, in UK they could not build a railway recently... It seems really bad there, I live in Latvia and we are not the sunniest place in the world but even here solar now makes sense and a lot of people who can install it, but then I watch youtube videos and I see even in sunnier and more wealthy places some people say it does not make sense so... what gives? Probably installation etc. costs are exorbitant there then, I dunno, or no access to cheaper panels from China? When I look at energy prices as such at Nordpool they are higher than they were pre-war for us in Baltics, but that is understandable as we got rid of 100% of Russian gas here in Latvia which along with hydro was the main electricity source, now the prices are going down again and gas price is also down, but there are extra transmission costs etc. so yeah it will not be super cheap at least if you want to rely on grid, as more and more you will pay bigger % of your bill as grid connection fee than the electricity you consume...
@@lkrnpk I can't speak for Europe but demand in teh U.K. is much less than it used to be as we have lost so much heavy industry, most of it because of energy cost. I don't know if you realise but however much wind capacity is connected to a grid requires approximately a similar amount of conventional as well. Both have to be paid for, and as the conventional generation must run even when wind is strong for technical reasons it often runs uneconomically and less efficiently, but without ir we would have no power. Subsidies are another reason that put up price as does putting a carbon tax on fossil fuelled generators, who as I say must run, they are not optional.
Nobody prevents one to build nuclear, i am not advocating against nuclear... or geo-thermal if it pans out, or keeping running gas for some time if we cannot do without it. Scandinavia has a rather solid grid, like Finland and Sweden, they have nuclear, hydro, wind and they seem to be fine. Maybe there needs to be less focus on wind, it is indeed rather unpredictable, at least with solar you know that in the sunny periods it will generate, more when the day is sunny but it will even generate when there is no sun as it is solar radiation. Battery prices are coming down so maybe it will not be that much of an issue to balance it all, but it will cost more. It also depends maybe if you are a big country or a small one, and if you actually own resources to produce electricity like gas or coal or not. It is much easier to balance the grid of a small country than a big one where yes, probably more nuclear is the best way at the moment and less wind. I also do not much care about the cost increases, I think people should focus on how to earn more, how to manufacture stuff more effectively etc. at least in EU since we are dependent on outside for energy, we should try to make as much energy as we can at home and just find ways to manufacture more with robots and stuff. And of course it also depends on whether you want energy security for your country (if you do not own gas, oil, coal) or want to rely and import from outside, climate and pollution issues then is another question@@iareid8255
From Estonia: solar in fact, does not work here. It's a gimmick for the extremely rich and our electricity prices have risen to insane 5-8x that they were before. The whole infrastructure cost of distributed power generation is simply too expensive, especially if a moderate blizzard can randomly destroy it. We need nuclear. Only reason our country is not in a blackout is thanks to Finnish nuclear reactors.
Estonia's installed coal (peat?) power plant capacity is enough to cover its internal demand, it just isn't being used because the high carbon intensity incurs very high carbon costs under the EU's cap-and-trade system You can see on your electricity bill the breakdown between the different components of the electricity rate, such as energy, transmission, distribution, taxes etc, I would guess that most of the 5-8x increase is driven by the increase in the energy component, not by the costs of infrastructure And don't forget that solar doesn't have to be distributed, and even if it is, bidirectional power doesn't have to be supported, it can be used for self-consumption And if a blizzard is going to take down the power lines, well, nuclear definitely won't help with that
There are still a lot of sites that could be developed into pumped hydro, but the number is still limited Physically speaking, you could go dig your own lakes - it is possible - but the costs of digging giant holes are very high, and it comes with the typical megaproject risks. Batteries can easily become more attractive, especially since they can be as small or big as you want them, and the cost scales linearly
Very impressive video. First one of yours I've seen, so it'll take me a while to accept your figures, without some little niggle of doubt, nothing personal, but I am impressed with the research and the volume of good date for an energy transition nerd, like myself. Thanks. Keep it up.
Another excellent video Michael! I'm enjoying the series of videos you're making. I wonder about the speed of commercialisation of non electrical grid storage, not just pumped hydro but also compressed air, flywheel, gravity storage, molten salt, hydrogen electrolysis and fuel cells, etc. When will they be able to contribute to the storage mix, and does that change the curtailment issue and price of renewable energy when there's a surplus, eg the Mediterranean in summer? Also when will tidal and wave power come to the party?
There are a lot of interesting ways to store energy. Batteries have cost as their primary disadvantage, while outperforming pretty much everything else in all other categories (efficiency, energy density, self-discharge, scalability, flexibility, power curves, etc), but their costs have come down rapidly, and continue to fall, and this leads us towards a future where batteries make everything else dead-on-arrival Synthetic fuels like hydrogen and synthetic hydrocarbons will definitely be a thing, because we need renewable hydrogen for fertilizer production, and renewable petrochemistry for plastics and lubricants, and some of this will probably end up being converted back into electricity, thus completion a "storage" cycle, but it's hard to tell how big chemical storage will actually be One technology that I find interesting is hot sand batteries, because they can get the sand so hot - over 1000 Celsius - that they actually get decent energy densities, and the hot air you extract from the battery is comparable to the output temperature of a flame, so it can actually get decent round-trip efficiency when you put that into a turbine
I think demand reduction is mainly from regulation on efficiency aswell as lighting. LED and new fridges need 1/10th the energy of their older tech. Its particularly noticeable in the UK It will eventually go up again as electrification increases.
They plan to reopen some, but it's kind of a separate story. If it's the plants I read about, it's a story of power, not energy, and they're expecting taller peaks in demand as a result of heat pumps and electric vehicles Far enough into the future, batteries will be able to handle that, but this optionality is exactly why these old plants are kept on standby for decades after they "close"
When are you going to incorporate grid battery storage in your projections. Obviously cost effective peaker plants in the form of battery will move your 44% limit significantly.
I wanted to do that initially, but the simulation would get very bulky. I might need to move to something more powerful than a spreadsheet to be able to do that
Solid hydrogen and hydrolysis? Are you trying to figure out the absolute *least* efficient use of the energy we generate? Hydrogen needs around 3.3X as much electricity as batteries to get the same power out (eg. To get 100kWh to the wheels of an electric vehicle you'd need to originally generate about 130kWh if it was a battery electric vehicle and 430kWh if it was a fuel cell vehicle.)
Folks, this is what is called a "trend". In fact, it is a long term trend. And it is continuing. There will be bumps in the road. But the trend will continue.
Niw they have some sort of Electrical power with Windturbines. The evolution shows the upcomming desaster with the upcomming recycling! Did the EU considered this, or do they leave it to an upcomming story for the next generation?
Most of the wind turbine is recyclable within existing recycling industries, with the exception of the blades The blades are non-toxic and the volumes are small compared to municipal solid waste or construction waste, so recycling isn't a pressing issue Recycling methods have been developed, but not industrialized. Probably never will be, unless it becomes a legal requirement, because the benign nature of the waste stream makes it very cheap to dispose of by landfilling
One of the reasons for the drop in electric power is that the population was reduced during COVID, with now according to funeral directors seeing their business rise even further with secondary core morbidity from certain injections, I myself being a grave digger have never seen so many deaths in my lifetime. Example before you were lucky in the summer to get one death a week in our area of 50,000 people, now your getting 2-3 per week, as the population drops so does the need for electricity and heating, as the elderly were the most users of electricity.
As the auto fleet electrifies, electric demand will increase, but even if some of it is generated by fossil combustion, the reduction in use of petrol and diesel will more than make up for it.
FYI Belgium is even considering extending Nuclear for 10 additional years, 2045 instead of 2035 now in the plans. I have nothing against nuclear as long as it serves the transition to 100% renewable. It will take most probably 30 years or so to get rid of fossil fuels
to produce ONE battery takes 250 tons of rock and minerals. The effect is 10-20 tons of CO2 from mining and manufacturing even before the vehicle has been driven 1 metre.
Thanks for sharing the encouraging news. I want to address the elephant in the room - are we building renewables fast enough? I've seen reports saying EU as a whole, missed their renewable goals by ~40% to reach their respective 2030 goals in 2023. The EU may be on the right track. But is it fast enough? Or is it really too little too late? What's your thought?
Not sure where the 40% number is from. I'm finding a few articles that are predicting a 3 to 4 percentage point miss, but this is as compared to the new, more ambitious goals In particular, CO2 reduction goal vs 1990 is 55% now, and some people are predicting that only 51% will be achieved, but the goal a few years ago was only 40%, and renewable energy (not electricity, the goal is for all energy) is 42.5% now, with some people predicting that only 39% will be reached, but the previous goal was 32% The legislation itself is still a work in progress, and the elements that are scheduled to be implemented between now and 2030 include carbon border adjusted, maritime and aviation emissions regulations, sustainable (aka non-emergency) permitting reform, an extension of the emissions trading system, and probably more that I'm not aware about I'm very confident we'll hit the 32/40 old goal, and even if we miss the 42.5/55 goal, I don't think we'll miss it by much. On the climate issue, it definitely feels like European leaders are putting in the hours, not dragging their feet
@@SizeMichael I can't find the original source. But I came up with some numbers that I'm concerned about. I might be horribly wrong though. From EnFormer's 2023 article "Solar success: EU deployment by 2030 set to far exceed targets". The European Commission target is 750GW of solar. Even with record pace last year, by the end of 2023 the total solar capacity of EU is 263GW, or 487GW to be added by 2030; translating to an average of ~74GW/yr addition. But only 56GW is added during 2023. Which is 25% less then the needed amount. The gap would only grow by the year if speed isn't picked up. That's not considering the agreed 3x of renewable energy in COP28. Putting the actual goal to 87GW/yr or a 36% deficiency. According to IEA report "Massive expansion of renewable power opens door to achieving global tripling goal set at COP28". Even with help from China neck breaking installation speed in 2023, is only expected to achieve 2.5x by 2030. And I have concerns that the EU can't help with this as last year the EU and US together installed less then half of what China installed. While it doesn't seem like China will be able to keep up the same installation growth for 7 years. Finally, there's the current UN projection of 2.9 degrees final heating instead of the 1.5/2 target,
Renewables have been built already in major excess. The problem with renewables is that they do not produce a steady energy. Their production is random and the grid needs stability. Random production is poison for the electric grid.
@@jimmiller5600 Gas is fossil so you need to burn it any time it's not windy. The US has the benefit of backing out of climate agreements so you don't have to pay CO2 tax for the production. But renewables by themselves will never be a working solution.
4:47 graph shows downtrend nuclear, hydropower increase gas & coal. And you dare to say Europe is doing a good job? The increasing trend of renewables is too low. You analysis skills are not very good.
No, wind and solar increased on the graph. The line going down doesn't mean decrease. Look at this like at a pie chart, the height of the wind and solar segments has increased
I live in Alberta Canada and with the recent -40ish C cold snap, the total failure of solar and wind to generate where required was almost catastrophic. If not for excess capacity in Saskatchewan, it might have caused grid collapse. Green energy is a total fraud!!!
The "2 large natural gas power plant outages" which the Alberta Electric System Operator reports caused the shortage is probably what caused the shortage. Wind and solar have a dispatchable capacity of 0, so even if they're all down, you lose 0 capacity. They make energy, not capacity. Just like in Texas, the problem was the gas outage. Intermittent gas 😅
@@SizeMichael man made global warming is a total fraud. Carbon dioxide constitutes less than 0.5% of the atmospheric composition. Carbon dioxide levels over millions of years have been much much higher. The period of time we live is near the minimum of the total measured period. We are living in a time of the elites preparing to depopulate massively. The sun is sick. Billions of people are about to die. If the covid bioweapon didn't wake you up, then I can't imagine what will...
Really no one in the energy Business in the UK wanted the new reactors in Hinkley Point C. because already in the planning phase their cots per kWh were double that of wind. it was the military who pulled the strings behind the curtain
Energy is expensive because our demand for hydrocarbons is already higher than our supply of hydrocarbons, not the other way around. If you burn more hydrocarbons, you're gonna make the gap even larger, and make energy even more expensive. The solution is to reduce demand for hydrocarbons, and to increase the supply of hydrocarbons, which means: build renewables and legalize fracking.
@@SizeMichael If you believe that then you're totally out of touch with the political situation around the world. Hydrocarbon supply is political. Many renewables, apart from hydro, actually create more problems than they solve and cost more money. Nuclear power is the solution.
lol we gone up from 350g co2/kWh to 450g co2/kWh and it got 400% more expensive ust look at you F electric bill if u live in EU all the numbers is printed there!!!!
By my calculation, from entsoe data, we went from 270g in 2022 to 235g in 2023 Electricity got more expensive because fossil fuels got more expensive, and then got cheaper because fossil fuels got cheaper. My SOLR price is 2x what it was in 2019, but 1/3rd what it was in 2022
True picture is emerging. Fossil industry misinformation is being proven false. EU grid is stable as EVs increase. EVs are part of a future energy mix and I predict max out at about 30% of the market. Fuels like hydrogen I predict will meet 40% to 50% of transportation market. Hydrogen I predict will make its biggest impact in industrial carbon reduction because this is a big percentage of global carbon emissions. What's your take.
Love your data based analysis!
For once, youtube recommendation algorithm made a good job. Stumbled upon this video by accident, already subscribed. This was quite interesting, thanks for sharing. Going to watch the rest of your videos, especially the predictions.
The reduction in consumption ties with the introduction of flat screen tvs and computer screens, later LED lighting makes a big impact. Refrigeration has been a big consumer of power, better insulation and compressor efficiency gains might have a big impact too. Doors on frozen food cabinets are now standard in supermarkets. Whilst you have commented on EU supplies, this is one area where the UK is very much a participant in supply and consumption via the interconnectors. In the UK the solar generation is calculated by Sheffield University which has data on solar panels including those on domestic roofs, by monitoring weather the performance of solar is calculated. The UK is frequently only using a minimum of fossil fuel to maintain frequency, wind power is often constrained to meet demand.
Self-consumption from solar is not accounted in the grid data. That is one factor that leads to lower demand figures.
+1, net-metering has so much red tape involved and panel/battery/inverter equipment has fallen so steeply in price that an increasing number of people are installing 'off-grid' type systems in grid-tied homes. Several modern inverters now come with power current sensors that make it so the system can accurately measure your usage and avoid sending power to the grid if you are not permitted to do so. Combined with cheap, energy-dense LiFePO4 batteries and normal people can now achieve energy independence with a reasonably short return on investment.
very true. there is for example a huge push in little balkony solar systems here in germany. 400-800W systems, that can already reduce household consumption quite a lot. and im working in the mashine building industry. literally all our customers are RAPIDLY switching energy sources, rebuild production and invest in efficiency!
Very true. I have 9kW PVs and I self use 60% right away, with 40% re-injected in the grid. Here in Belgium, for those with systems before 2024, we can "reclaim" for free the kwh injected, BUT we pay a tax for this injection.
The reduction in demand is due to the cost, my bills have tripled since 2021 but my bills haven’t increased massively as we have had to cut back usage massively as we can’t generate the extra income to spend on energy! We don’t heat the entire house anymore and no longer use the electricity shower choosing to shower over bath (gas heated-cheaper) how we cook has changed, putting on an over to heat chips costs more than the chips themselves so we cook on stove top instead (gas) also cheaper! With prices set to come down a little i may play more PS$ and use the electric shower but in the UK the supply charge has increased so much that people can only afford to pay the supply charge and rarely use it! Stealth tax basically!
Hi, fuel costs have not dropped as expected that are currently double what they used to be, with more renewables. Someone is making a killing!
I expect more roof top solar to be deployed since their payback is now 3 to 4 years.
If you add a battery it blows out towards 9, but with decreasing prices they may become more common and the solar bit might not get done. This is due to the ability to fill it with cheap night time power and draw it during the day.
The ability to use you car battery fir this in the future will change the power market.
Take care M.
@@markeh1971 There is a good reason why our bills have not reflected current and future energy costs, we are paying for the billions lost saving failed energy companies and paying for fixed consumer tariffs becoming underwater when the real cost of gas hit.
Your situation may be fundamentally different to mine, I decided to turn on all my rads, but setting the TVR's in unused rooms at 1/2 open. Then I reduced the flow temperature of the boiler. I have watched my usage daily and it seems that compared to last year on similar cold days, I am usung the same or slightly less gas.
@@JohnnyMotel99 We are paying for massive mistakes done due to green politics. Germany destroyed their functioning nuclear power plants and for a large part destroyed the coal plants also. As a result the country became dependent on russian gas and fell under the leverage of Putin. HUGE mistakes which now result in lack of production and consumers suffer as a result.
@@Munakas-wq3gp That's funny about Germany, because I just read a piece about how Germany has massively reduced consumption of energy and masively increaded output of renewables...
Solar in northern europe makes a lot of sense due to the extreme day lengths. I live close to Copenhagen, and in summer we get more than 17 hours of sunlight at the time of the summer solstice. Sunrise is at 4:30 or so, sundown is at 22:00 or so. Considering that solar usually complements wind quite well, it makes sense. Sure, the construction needs to be a bit different, with panels pointing further east-west in some scenarios, and with steeper angles, but it can easily cover the times of high electricity demand in the evening, at least in the 3 months of summer from may to august.
yes in summer we can actually cover the morning and evening peaks with solar, which is amazing
yes, solar in Northern Europe should be viewed as a part of solution of wind+solar. While solar produces way less in winter, wind on the other hand produces more in winter. Germany monthly production for last year illustrates how solar balances wind very well.
This is true, but the total kWh/yr generated by a panel is still lower, and this is why we had a small time gap between when PV became profitable in Spain, and when it became profitable in Finland
Of course, this production gap is only about a factor of 2, while the price reductions over the past 15 years has been a factor of 10, so the time gap between these different profitability thresholds was very short
Yes, the panels still make less electricity, I just wonder if maybe they are more suited to cover the peaks without that much use of batteries, although I think also then they should track the sun which adds more cost... as the sun is not at the same position at 6 in the morning as it is at 21 at evening, even if at both of those times it is already sunshine here in June@@SizeMichael
As noted by others in the comments demand reduction has occurred because
1. Price increases force people to reduce consumption
2. Increased electricity prices make the installation of home solar and batteries more financially attractive
3. Efficiency gains brought about by regulation. For each individual household switching for example to LED lights might only reduce consumption by say 30-50 watts per light replaced but multiply that effect by millions of homes and it soon adds to a complete power station. Similarly regulation regarding TV on standby, power of vacuum cleaners etc.
Energy prices have almost tripled over the last two years, which is why demand has dropped so much
Industries shutting down, shifting manufacturing to China. Happens when you go with a "but not in my backyard" attitude/policy.
Econazis consider that a win! Less carbon in the air baby! Just forget you can't afford to turn your television on.
Some of it probably is attributable to prices, especially for the first half of 2023, but the broader trend goes all the way back to 2018.
So far in 2024, demand looks to be rebounding somewhat, but not all the way to 2022 levels
Awesome Report, thank you
7:30 Almost all new houses built in Poland have photovoltaic installations
Hurray for Poland!
Let's not forget the interconnectors. They've helped too. Once again a grand EU project. EDIT: just noticed that you included it too!
Residential PV and industrial/ companies' installed PV for self consumption draw a lot less energy from the grid, so at the grid level this is seen simply as lower energy demand. This may explain at least in part the reported lower energy demand, which I believe it's reported at grid level
If only we could crush it with Energy Prices...
If you can, install your own solar and use the free* energy?
*As in: you don't pay after installation.
Yeah...
I think we'll start making progress on that fairly soon, but it might not be a straight forward "energy rates at the supplier of last resort go down", it might be more of a "the average price of all energy actually consumed is going down via a combination of everyone getting PV for self-consumption and taking advantage of time-of-day pricing from specialized suppliers"
My explanation for the demand reduction is two fold, one is that things like heat pumps are more efficient users of electricity than the things they are replacing.
two, is that things like refining fossil fuels to make them useful, uses a lot of electricity. Have refineries closed in Europe in the last few years?
Big improvements in efficiency in home appliances also might be a factor in driving down demand as a whole too? Here in my house hold 15yrs ago all light bulbs were 45-100w globes x 20+ lights through out the house on at different times obviously. Now every single light bulb is a 7w LED and on average 2 light bulbs years past would = my entire house today. So with the whole EU doing the same that there is a massive drop in energy demand. Old house 20x average 60w globes or 1.2kw of lighting total, new house 20x7w LED = 140w total, nearly10 fold reduction.
Yeah, but it means you lose the cultural trope, of a grumpy middle-aged dad, who shouts at the kids to '...turn that bloody light off!' He'll have to content himself with grumbling that 'SOMEONE has turned up the thermostat.... AGAIN!' (cue canned laughter.)
Your TV may spend more energy
TV? lol don't have a propaganda tube sorry mate. @@contra_plano
Also macro reduction in what people use (low power smartphones and laptops instead of Power hungry TVs)
exactly, all in all more efficient electrical products across the board :) @@Solid_Snake99
Dynamic metering may save a lot of battery storage.
I chose one of the dynamic (hourly) electricity contracts and now I charge my car when electricity is cheap. 2 observations - a) we have noon 0ct/kWh already (February), so solar has a big impact already. b) the price curves are getting much smoother as more comsumers opt for dynamic metering.
Thanks for these two videos on EU renewables. I'm so glad to hear something positive. Keep it up!
At what Battery cost,
The cost of solar energy (both generation + storage) will become cheaper than Fossel fuel energy ?
Solar energy is already cheaper,
But when we add storage to it, it becomes little expensive.
That is why fossel fuel energy is still being used when there is no sunshine.
2nd,
Isn't Sodium ion battery better option for Stationary grid scale storage,
Because it can be far cheeper than Li-ion if mass manufactured.
Yes energy density is low, but it doesn't matter for Stationary purposes.
Thank you so much fur the awesome summary, Instant Subskription 😁
Thank you for making this most informative video that should be watched by everyone.... Its so good I am going to forward it to someone I know who has a huge following in this space and ask him to consider promoting it to his audience. Again thank you and congratulations you deserve much wider recognition and encouragement!
It seems Europe was working hard last year with solar installations and probably still is cause latest data from solar production is crazy. Soon we will need an update video as Europe is going all in and it seems to be working despite what the fossil fuel lovers and 'one solutioners' (nuclear crowd) were saying. They are already crying that two weeks of super low prices in Spain will bankrupt electricity producers as if markets cannot adjust!
Hasn't part of this lowered demand happened because Germany shut down one of its steel mills due to costs associated with intermittency? I understand that we should decarbonise, but it shouldn't cost key major industries. Can storage account for the 6 months of the year that renewables are hindered (chiefly solar)? If so, is it truly sustainable to make the sheer overbuild necessary to accomodate that?
Why do you say "chiefly solar"? Europe gets twice as much electricity from wind as it does from solar.
Make it a mix, solar, wind, wave, other hydro. Add in improved storage, interconnectivity and improved energy savings from other sources., then you can get reliable supply all year round. It is not uncommon now for Scotland to be produce enough power to run the entire country's electricity needs from wind alone (Not counting any other sources of power) for days at a time. Sadly we are not in the EU anymore but hopefully one day we can join the family.
It's the key question. Storage is still nowhere, but it would be nice to have some information on this. At this point it is clear that there is no way around nuclear for a successful strategy.
@@puma7171 where do you store nuclear power? google hinkley point c for more information about high cost electric power
@@puma7171 Deep-bore geothermal may yet supplement or even replace the need for nuclear in generating carbon-neutral base-load power. Companies like Quaise Energy are rapidly adapting old oil-well drilling practices with cutting-edge deep-bore enhancement like milimeter wave technology in order to create bore-holes that could be upwards of 20km deep allowing for access to ground temps of 500C all over the world, not just in super-special locations like Iceland. Unlike fusion power, these techniques leverage broadly off-the-shelf tech with only a small percentage of newly advanced science to make it work and have a very realistic shot at being deployed en mass well before the year 2050.
It's good that lignite is dropping vs. gas, for multiple reasons:
1. Liginite emits almost twice as much CO2 per kWh compared to gas (~900g/kWh in lignite vs 400g/kWh in gas, in modern plants each)
2. Lignite plants usually take long to start and stop due to the coal pre-heating/drying systems taking a while to fire up, and gas is therefore better for a variable input system dominated by VREs.
Nuclear is utterly done. France's third largest nuclear company entered in bankrupcy in 2012, then in 2017 Areva (the second one) was bought by EDF (the largest in the world) on the verge of bankrupcy. Two years later (2019) mid term debt of EDF surpassed the 70k million € and in summer 2023 the French Goverment had to withdraw EDF from the stock marke due was heading to bankrupcy with a debt surpassing 100k million €. Nuclear is unprofitable and every year that pass their ageing facilities are more expensive to operate whereas renewables become more and more affordable and efficient, and the energy source is literaly free.
I thought Europe had a mild winter; I assume that is part of the reason for the reduction in usage.
What if the reduction in electricity usage is due to self generation through roof pv? Has anybody thought of this?
What if the reduction in electricity usage is due to self generation through roof pv? Has anybody thought of this?
The reduction comes from super expensive energy. The nordic countries have had (still have) an extremely cold winter with temperatures as low as -48C
@@katarinaspisiakova1201 partly but not only rooftop PV. I remember many people pointing out that the winter was more mild than expected or at least more mild than usual, and that was expected to lower energy demand for heating.
The reduction of electricity is due to private solar. What imidiatly is consumed is not visible.
Looking at it now, still a week in April left, but...
2023 (Jan - April)
Total generation: 844,63, out of which 41,32% renewable, 24,56% nuclear, 34,12% fossil (out of which hard coal and lignite, 14,48%)
This year so far:
Total generation: 810,9, out of which 47,5% renewable, 24,9% nuclear, 27,6% fossil (out of which hard coal and lignite, 10,7%)
Since there is still a week left, it is safe to say that the demand has rebounded to an extent, it was higher for first 3 months this year and will be now too, but fossils have not rebounded. It is how it is, renewable growth continues, especially taking into account there is more solar coming online due to the peak season now starting for solar.
I added a small balcony PV system myself, PV installation is getting easier- plug and play! This type of installation is a fraction of the cost of mainstream installations. I suspect there will be many more DIY projects far bigger than mine.
Behind the meter generation. If prices stay high expect it to continue. This results in a net declining demand on public power.
@Michael Size just on 'Demand Reduction' it CAN be possible with increased Electrification - It's due to the factor of 'Efficiency' - a simple example, look at the introduction of LED lights to supplant the older light bulbs and public lighting.... but also other areas, modernised, smarter grids etc... it can all improve efficiency and more efficient, targeted use of electricity. People with solar can choose to install energy storage solutions in their homes and buildings too, which can be to a point to make them more independent of the grid - so that can reduce Grid demand too. This can include many businesses too who may normally require 24-hour energy operation and reliability for their freezers or machinery some such, so then require ensured supply independent of external reliance on a grid. But back to efficiency of gadgets and infrastructure - many things consumers have, have more smarter energy usage, including white goods etc... and that's in fair part due to EU regulations and regulations from other regions of the world, encouraging more efficiency - so people's fridges etc may actually utilised electricity much more efficiently and less, than the old refrigerators they replaced. This is a process happening at a grand scale too. It's also the very reason BECAUSE we're soo reliant on electricity and BATTERIES, that means Smart Phones, LAPTOPS, Tablet devices and many other battery powered devices, are ever more being designed to be more efficient with energy usage to prolong the battery life. Anyone with a Smart Phone can be familiar with features on the phone to stretch out that usage between charges! The same is with Electric vehicles, between public charging stations on longer commutes - efficiency kicks in, it's famous with EV drivers, they will tell you. Just because we're using more electricity now and have more people now, doesn't mean we're using it in the same, wasteful, way we were 10-20 years ago - Efficiency is a very important part of innovation in reducing demand and driving sustainability and the complementary other side of the coin, to the Power Generation area which your video looking at. Conversely, to the average person, look at hour inefficient things of even our recent past were - like older I.C.E cars compared to more modern I.C.E cars, with price of fuel and consumer demands, fuel efficiency became a key concern, combined with also jurisdictions legislating regulations for that. There is innovation and cost reduction in Electric Ovens, Electric Heat Pumps and even Electric Induction Cooktops too, important to help phasing out consumer and commercial-level reliant on a mains gas connection. That doesn't necessary reduce Electricity usage, just gas, but the nature of how those devices work and even how people live (Like eating out, home delivery), means they may not necessarily be consuming that much more electricity in replacing the void left by switching off from mains gas. In public infrastructure and industrial too, not just LED lights, but businesses and industries demand efficiency gains at their core, reduced operating costs, so they often embrace such opportunities to do so and they have, and thankfully, with innovations they have more accessible technologies in-order to do so, including smarter devices to manage their energy usage operation. And one last thing from left field to throw in here - the great reduction or evolution in Crypto Mining? Sounds silly, but as it's become much less attractive to horde a great number of GPUs in rooms and warehouses, as inefficient heatboxes hungry for ever more electricity, less are doing it and so not only have we see GPU prices and supply start to normalise, but also perhaps, their share of the 'grid demand' also reduce? It can be a combination of all these factors and even more - like people working from Home more, into work office less, so again, Office lights and multi-story building air conditioning and/or heating on for less times in the week?
Our electrical appliances are getting more efficient, but just as a thought experiment:
A "traditional" 1990 household uses most of its electricity for lights and a fridge, while cooking on gas, heating on gas, and driving on oil. You add cooking on electric - even induction - the electricity demand doubles. You make the hot water electric, it doubles again. You make the car electric, it doubles again. And you make the heating electric, it doubles once more.
That's 4 consecutive doublings, a total of 16x, it makes it hard to imagine how efficiency gains could outcompete this trend
Primary energy will certainly go down, thanks to the efficiency of EV and heat pumps over their combustion counterparts, but electricity seems like it should go up
Excellent analysis and data where these analysis are based. In fact the author of these analysis understand very well the global data and try to argue that renewable energy on Solar or Wind have positive result on energy transition and on decreasing the use of fossil fuels.
This certainly on one side show that all plants with fossil fuels have decreased the energy use to run, but on the same time have decreased and output, so the plants have worked with low utility. Some of these energy is replaced with energy from solar and wind, but this increase the cost of energy and as result make every user to pay more. When the users pay more these "kill" the economic development.
The author may keep his thoughts on cost of solar or wind energy, but if these investment are considered cheap with efficiency around 15% or 25% respectively and service life around 20-25 years, without storing energy, and are with low cost, then the energy prices the consumers must be charged must be lower. The EU practice show that the energy prices are increased and this is counterintuitive with low cost on solar and wind.
If the EU and even the world will really on energy transition on wind and solar with efficiency 15% or 25%, the EU or the world will dig "the grave" not only on energy but and on all economic development. Without energy nothing has life, so all manufacture, all the transport, all industry will be disrupted and so will be the economy together with wellbeing.
For what it's worth first 8 weeks are cleanest ever in electricity in EU... consumption has rebounded and grown over same period last year, but fossil sources are declining
Electricity demand dropping down because more efficent devices!
Efficiency does increase but demand is not dropping, we are simply not accounting it anymore as a lot of consumption is moving to private solar or solar with battery consumption which is not accounted.
6:54 3 nuclear power plants are currently it will be built in Poland
"it will be built", not "being built", as the plants are still in the planning and preparation phase
@@yuuichirou1982 Thanks for the correction, I never studied English.
When I went to school, the only foreign language was Russian...
And if you look to Finland or the UK, they may be ready in 12-15 Years... Better start to install PV and Windturbines, faster and cheaper energy
@@marting1056 True.
Add batteries to this and you won't need a nuclear power plant at all, but unfortunately I'm not the Prime Minister
@@tristankordek I was not concerned about the grammatical error, but the fact that they are in the plans, meaning “will be built”. You wrote “being built”, which would imply that they are already under construction, and we might be able to say something like that in two or three years if everything goes according to plan.
Part of the reduction of demand is caused by more efficient appliances, most mandated by law. The move to LED lights is one example but not the only one.
The reduction of demand is caused by the inflation and the explosion of energy price due to wind power caused excesses and shortages. The price per kilowatt in the Nord pool exchange was just recently 230c/kwh at peak demand instead of the normal 1-2c/kwh. Green energy is a catastrophy for the economy and reduces peoples quality of life by being forced to skip on energy use.
Amazing Video especially for such a small Channel ! Then i watched your Video i thought it was from a bigger Channel !
Renewables are crushing the peoples pockets and our industry.
Energy is expensive because we lost our supplies of fossil fuels faster than we got rid of our demand for fossil fuels
I fully support fracking every square kilometer of the continent to get more oil and gas, but for their part, renewables are making the crisis less severe, not more severe.
So. Lets put this in perspective. What are the numbers for China and India?
Honestly, I don't really care. I'm interested in European energy security: there are several ways to achieve it, but only one stands out as having the highest political momentum behind it, and that is the strategy of maximizing renewables. This is why I track renewables in Europe so closely
Last I checked, China was adding renewables faster than any other country, but also building more coal power plants in a year than Europe built in its history
Well if it is "security" you are talking about, then in the UK we are an island of coal floating on a sea of oil and gas. Why should we care about renewable energy? As for Germany, you have about 31 billion tonnes of mineable lignite coal - which you have decided not to use - and then there is all those nuclear power station from which you used to get clean, reliable, cheap energy - which you have decided not to use. Instead, you import PV panels from China and hope it is not cloudy for too much of the time. If you are serious about energy security, it seems a very backwards way of going about it.@@SizeMichael
what about geothermal?must be included next time.
bit of a correlation causation fallacy going on here.
in a vacuum it does appear that the increase in wind and solar is the driving force behind the reduction of fossil fuel usage.
in the real world however there are tons of factors that can contribute to this.
this isn't to say wind and solar haven't grown, they clearly have, but as you've said 1/4 of the way into the video, 37,9% is because of a reduction in demand.
and it's easier to turn of a coal/oil/gas power plant than it is to turn of a solar or wind farm, or a nuclear reactor.
so when demand drops, the first things that get turned of are the fossil fuel generators.
now, as to why there's suddenly a decrease in energy demand?
well... I'm no electrical engineer, but I DO pay money for electricity.
and my bills have not been gentle, so I had to cut my usage to make ends meet.
I wonder how many other people have had to do/done the same.
so overhyping renewables, when there's a ton of factors playing in on the energy market.
perfect example of looking for data to back up a claim, whilst asking people to ignore the man behind the curtain.
Wrong, its easier to turn off (and power up) a windturbine than most other sources. Good luck to stop a lignite Power plant! you have to grind the whole mine beside it to a halt. Therefore in germany the turbines are used to regulate the grid, thats why you see some standing in a turning group without visible reason
I'm sorry to hear that all Germanies powerplants are lignite power plants build upon brown coal mines, and that they lack the 21st century technology of Gas and Oil power plants.
ones that are much more controllable in terms of output.
I'm also sorry that you live in a country that had ample, clean, nuclear power generation.
but decided to believe the fairytales of the big bad green glowing bogyman, and shut that whole sector down, meanwhile re-opening those polluting powerhouses that are Lignite Powerplants.
I wont dispute that Germany uses its green energy sector as an on/off switch for when their fossil fuel generation isn't enough.
but most other countries that are trying to go green and either didn't close down their nuclear sector, or upgraded from coal to oil and gas, use their fossil fuel powerplants as the on/off switch.
Warmer winters and reduced industrial use could explain some of the reduced Electricity use?? Interconnectors can use better use of Electricity surpluses and deficits?? Advances in Battery Storage will start to make huge impact to full use of renewables!! Better use of "wasted heat" to convert to community heating systems makes energy use more efficient!!
Hi, I have to say roof top solar will be a bigger part in the future. With electric prices so high the payback is now 3 or 4 years, less if you do a cheap ground mount system.
The bonus is you own it and one it is paid for the power is free.
Take care all M.
The only factor reducing demand has been the 100-10000% larger prices of energy. A few days ago a kilowatt of energy cost 2.3 eur in Nordpool. Not 2.3 cents. 2.3 euros.
I think Geo-thermal, might be a dark horse, and in a fairly short period of time, play a really significant, base-load generating, part. There are two approaches which the proponents of say, can be successfully deployed anywhere, not just in certain rare sites. One company, if they live up to their own hype, of using plasma drills, to drill down 20Km in 100 days, will revolutionise the transition. The physical footprint is tiny and they could be used to power, ex-coal powered generation plants. The other company's claims are more modest, but still huge, and they are much further ahead with test bores in Germany.
Hopefully this accelerates and is sustainable.
The North sea is littered with tens of thousands wind turbines which suck cold dominant currents and Souther Europe burns in heat and drought ... Is it coincidental?
Germany increased coal usage by 400% since it closed nuclear power plants.
This is something that never gets brought up. There must be environmental effects in depleting the energy from wind. Thermal transfer by the natural air currents is seriously hampered.
The atmosphere is kinda big. Buildings, trees, mountains, etc. cause vastly more wind drag (like, millions of times more) and don't affect wind currents one bit. So, just no.
@@truhartwood3170 Then again buildings are not built to harvest wind energy, wind mills are.
@@Munakas-wq3gp Makes no difference. Like, at all. A wind turbine will slow the wind less than a building, it doesn't matter that the energy is just turned into heat vs electricity, it's taken out of the wind either way. I think you have some very odd ideas about how wind turbines work. They're not like vampires or something, sucking the life force out of the wind. In order to operate at maximum efficiency, wind turbines can only harvest an absolute theoretical maximum of about 1/3 the energy. It can't harvest 100% of the energy because that would mean the wind has now stopped. A building *can* stop 100% of the energy. Think about it. Like, in a better, more realistic way than you're currently doing. Maybe learn some science.
Fake news! the Usage of fossil fuels especially coal went significant down source: energy-charts.info/downloads/Stromerzeugung_2023.pdf
See Tony Seba: It is cheaper to build a solar or wind farm with battery storage than it is to operate a coal-fired plant. Not build a new coal plant, just burn coal in it. Coal is dead, it just doesn't know it yet.
Michael,
rose tinted glasses I'm afraid.
One reason for the lowering demand is the closure of a lot of industry, either re locating to countries with much cheaper energy or simply closing and Asia makes what Europe used to. That and the cost of electrcity on a steady and upward climb to the detriment of all. Renewables make electrcity expensive and less reliable.
But energy demand this year is again growing in Europe. not declining, and renewables are still rising % wise. Renewables as such do not make electricity expensive, probably new connections to get the renewables on the grid and interconnections in Europe do make it so, but now a lot of manufacturers and people who live in private homes can lower that cost with their own solar which is growing really fast and batteries going down in price will also play their part. Maybe it is more expensive until the infrastructure is built out, but in longer term the cost should stabilize and with growing incomes, it should not be a big issue. But also... burning coal or gas is also expensive due to ''green transition'' so there is not much choice, nuclear takes time and also is expensive. Also a lot of stuff energy wise is expensive to build in Western Europe now probably because of NIMBYs, salaries etc. I doubt non-renewables would cost less with all the red tape and consultants, in UK they could not build a railway recently... It seems really bad there, I live in Latvia and we are not the sunniest place in the world but even here solar now makes sense and a lot of people who can install it, but then I watch youtube videos and I see even in sunnier and more wealthy places some people say it does not make sense so... what gives? Probably installation etc. costs are exorbitant there then, I dunno, or no access to cheaper panels from China?
When I look at energy prices as such at Nordpool they are higher than they were pre-war for us in Baltics, but that is understandable as we got rid of 100% of Russian gas here in Latvia which along with hydro was the main electricity source, now the prices are going down again and gas price is also down, but there are extra transmission costs etc. so yeah it will not be super cheap at least if you want to rely on grid, as more and more you will pay bigger % of your bill as grid connection fee than the electricity you consume...
@@lkrnpk
I can't speak for Europe but demand in teh U.K. is much less than it used to be as we have lost so much heavy industry, most of it because of energy cost.
I don't know if you realise but however much wind capacity is connected to a grid requires approximately a similar amount of conventional as well. Both have to be paid for, and as the conventional generation must run even when wind is strong for technical reasons it often runs uneconomically and less efficiently, but without ir we would have no power.
Subsidies are another reason that put up price as does putting a carbon tax on fossil fuelled generators, who as I say must run, they are not optional.
Nobody prevents one to build nuclear, i am not advocating against nuclear... or geo-thermal if it pans out, or keeping running gas for some time if we cannot do without it. Scandinavia has a rather solid grid, like Finland and Sweden, they have nuclear, hydro, wind and they seem to be fine. Maybe there needs to be less focus on wind, it is indeed rather unpredictable, at least with solar you know that in the sunny periods it will generate, more when the day is sunny but it will even generate when there is no sun as it is solar radiation. Battery prices are coming down so maybe it will not be that much of an issue to balance it all, but it will cost more.
It also depends maybe if you are a big country or a small one, and if you actually own resources to produce electricity like gas or coal or not. It is much easier to balance the grid of a small country than a big one where yes, probably more nuclear is the best way at the moment and less wind. I also do not much care about the cost increases, I think people should focus on how to earn more, how to manufacture stuff more effectively etc. at least in EU since we are dependent on outside for energy, we should try to make as much energy as we can at home and just find ways to manufacture more with robots and stuff. And of course it also depends on whether you want energy security for your country (if you do not own gas, oil, coal) or want to rely and import from outside, climate and pollution issues then is another question@@iareid8255
From Estonia: solar in fact, does not work here. It's a gimmick for the extremely rich and our electricity prices have risen to insane 5-8x that they were before. The whole infrastructure cost of distributed power generation is simply too expensive, especially if a moderate blizzard can randomly destroy it. We need nuclear. Only reason our country is not in a blackout is thanks to Finnish nuclear reactors.
Estonia's installed coal (peat?) power plant capacity is enough to cover its internal demand, it just isn't being used because the high carbon intensity incurs very high carbon costs under the EU's cap-and-trade system
You can see on your electricity bill the breakdown between the different components of the electricity rate, such as energy, transmission, distribution, taxes etc, I would guess that most of the 5-8x increase is driven by the increase in the energy component, not by the costs of infrastructure
And don't forget that solar doesn't have to be distributed, and even if it is, bidirectional power doesn't have to be supported, it can be used for self-consumption
And if a blizzard is going to take down the power lines, well, nuclear definitely won't help with that
there's plenty of places for hydro gravity power reservoirs in Europe.
There are still a lot of sites that could be developed into pumped hydro, but the number is still limited
Physically speaking, you could go dig your own lakes - it is possible - but the costs of digging giant holes are very high, and it comes with the typical megaproject risks. Batteries can easily become more attractive, especially since they can be as small or big as you want them, and the cost scales linearly
Thank you Mr.Putin!
Very impressive video. First one of yours I've seen, so it'll take me a while to accept your figures, without some little niggle of doubt, nothing personal, but I am impressed with the research and the volume of good date for an energy transition nerd, like myself. Thanks. Keep it up.
How about Russia and imported gas?
Another excellent video Michael! I'm enjoying the series of videos you're making.
I wonder about the speed of commercialisation of non electrical grid storage, not just pumped hydro but also compressed air, flywheel, gravity storage, molten salt, hydrogen electrolysis and fuel cells, etc. When will they be able to contribute to the storage mix, and does that change the curtailment issue and price of renewable energy when there's a surplus, eg the Mediterranean in summer?
Also when will tidal and wave power come to the party?
There are a lot of interesting ways to store energy. Batteries have cost as their primary disadvantage, while outperforming pretty much everything else in all other categories (efficiency, energy density, self-discharge, scalability, flexibility, power curves, etc), but their costs have come down rapidly, and continue to fall, and this leads us towards a future where batteries make everything else dead-on-arrival
Synthetic fuels like hydrogen and synthetic hydrocarbons will definitely be a thing, because we need renewable hydrogen for fertilizer production, and renewable petrochemistry for plastics and lubricants, and some of this will probably end up being converted back into electricity, thus completion a "storage" cycle, but it's hard to tell how big chemical storage will actually be
One technology that I find interesting is hot sand batteries, because they can get the sand so hot - over 1000 Celsius - that they actually get decent energy densities, and the hot air you extract from the battery is comparable to the output temperature of a flame, so it can actually get decent round-trip efficiency when you put that into a turbine
This is an excellent Engineering review. Thank you and keep up the good work.
I think demand reduction is mainly from regulation on efficiency aswell as lighting. LED and new fridges need 1/10th the energy of their older tech.
Its particularly noticeable in the UK
It will eventually go up again as electrification increases.
Those electric cars and electric everything is going to increase demand.
@@asandax6 Yes that's what I said. Its not something we can't manage over the time needed.
Germany's crushin it so hard they've reopened lugnite plants!
They plan to reopen some, but it's kind of a separate story. If it's the plants I read about, it's a story of power, not energy, and they're expecting taller peaks in demand as a result of heat pumps and electric vehicles
Far enough into the future, batteries will be able to handle that, but this optionality is exactly why these old plants are kept on standby for decades after they "close"
@@SizeMichael Use nuclear.
Excellent news
When are you going to incorporate grid battery storage in your projections. Obviously cost effective peaker plants in the form of battery will move your 44% limit significantly.
I wanted to do that initially, but the simulation would get very bulky. I might need to move to something more powerful than a spreadsheet to be able to do that
solid hydrogen and in car hydrolysis are the way. also run 350 mw ac dynamos in a cascade
So is fusion. Always 30 years to the future.
Solid hydrogen and hydrolysis? Are you trying to figure out the absolute *least* efficient use of the energy we generate? Hydrogen needs around 3.3X as much electricity as batteries to get the same power out (eg. To get 100kWh to the wheels of an electric vehicle you'd need to originally generate about 130kWh if it was a battery electric vehicle and 430kWh if it was a fuel cell vehicle.)
Excellent fact-based reporting. What a delightful exception to the rule of fake news, shoddy reporting and endless opinions. Thank you.
Folks, this is what is called a "trend". In fact, it is a long term trend. And it is continuing. There will be bumps in the road. But the trend will continue.
Niw they have some sort of Electrical power with Windturbines.
The evolution shows the upcomming desaster with the upcomming recycling!
Did the EU considered this, or do they leave it to an upcomming story for the next generation?
Most of the wind turbine is recyclable within existing recycling industries, with the exception of the blades
The blades are non-toxic and the volumes are small compared to municipal solid waste or construction waste, so recycling isn't a pressing issue
Recycling methods have been developed, but not industrialized. Probably never will be, unless it becomes a legal requirement, because the benign nature of the waste stream makes it very cheap to dispose of by landfilling
Looks like 2024 is even better?
Pretty good video, not sure why there are so many dislikes.
One of the reasons for the drop in electric power is that the population was reduced during COVID, with now according to funeral directors seeing their business rise even further with secondary core morbidity from certain injections, I myself being a grave digger have never seen so many deaths in my lifetime. Example before you were lucky in the summer to get one death a week in our area of 50,000 people, now your getting 2-3 per week, as the population drops so does the need for electricity and heating, as the elderly were the most users of electricity.
As the auto fleet electrifies, electric demand will increase, but even if some of it is generated by fossil combustion, the reduction in use of petrol and diesel will more than make up for it.
trillion dollars to get to this point, the biggest waste of cash ever and when the interglacial ends it all dies
EU is paying to the builds be more efficent, and put solar energy.
more efficient devices... everyone uses smartphones (18watts) instead of TVs (150 watts) that's a 10 fold reduction
FYI Belgium is even considering extending Nuclear for 10 additional years, 2045 instead of 2035 now in the plans. I have nothing against nuclear as long as it serves the transition to 100% renewable. It will take most probably 30 years or so to get rid of fossil fuels
to produce ONE battery takes 250 tons of rock and minerals. The effect is 10-20 tons of CO2 from mining and manufacturing even before the vehicle has been driven 1 metre.
Thanks for sharing the encouraging news. I want to address the elephant in the room - are we building renewables fast enough? I've seen reports saying EU as a whole, missed their renewable goals by ~40% to reach their respective 2030 goals in 2023. The EU may be on the right track. But is it fast enough? Or is it really too little too late? What's your thought?
Not sure where the 40% number is from. I'm finding a few articles that are predicting a 3 to 4 percentage point miss, but this is as compared to the new, more ambitious goals
In particular, CO2 reduction goal vs 1990 is 55% now, and some people are predicting that only 51% will be achieved, but the goal a few years ago was only 40%, and renewable energy (not electricity, the goal is for all energy) is 42.5% now, with some people predicting that only 39% will be reached, but the previous goal was 32%
The legislation itself is still a work in progress, and the elements that are scheduled to be implemented between now and 2030 include carbon border adjusted, maritime and aviation emissions regulations, sustainable (aka non-emergency) permitting reform, an extension of the emissions trading system, and probably more that I'm not aware about
I'm very confident we'll hit the 32/40 old goal, and even if we miss the 42.5/55 goal, I don't think we'll miss it by much. On the climate issue, it definitely feels like European leaders are putting in the hours, not dragging their feet
@@SizeMichael I can't find the original source. But I came up with some numbers that I'm concerned about. I might be horribly wrong though.
From EnFormer's 2023 article "Solar success: EU deployment by 2030 set to far exceed targets". The European Commission target is 750GW of solar.
Even with record pace last year, by the end of 2023 the total solar capacity of EU is 263GW, or 487GW to be added by 2030; translating to an average of ~74GW/yr addition. But only 56GW is added during 2023. Which is 25% less then the needed amount. The gap would only grow by the year if speed isn't picked up. That's not considering the agreed 3x of renewable energy in COP28. Putting the actual goal to 87GW/yr or a 36% deficiency.
According to IEA report "Massive expansion of renewable power opens door to achieving global tripling goal set at COP28". Even with help from China neck breaking installation speed in 2023, is only expected to achieve 2.5x by 2030. And I have concerns that the EU can't help with this as last year the EU and US together installed less then half of what China installed. While it doesn't seem like China will be able to keep up the same installation growth for 7 years.
Finally, there's the current UN projection of 2.9 degrees final heating instead of the 1.5/2 target,
Renewables have been built already in major excess. The problem with renewables is that they do not produce a steady energy. Their production is random and the grid needs stability. Random production is poison for the electric grid.
@@Munakas-wq3gp Please pay attention. By example the US is moving fast toward cheap renewables backed up by gas COGEN plants. Cheap, Clean and Stable.
@@jimmiller5600 Gas is fossil so you need to burn it any time it's not windy. The US has the benefit of backing out of climate agreements so you don't have to pay CO2 tax for the production. But renewables by themselves will never be a working solution.
my faith is restored. the europeans will do it.
LOL
And China just passed the whole European unions economy to become number 2. Lost jobs is not a good thing.
Excellent journalism
Delusional more like.
4:47 graph shows downtrend nuclear, hydropower increase gas & coal. And you dare to say Europe is doing a good job? The increasing trend of renewables is too low. You analysis skills are not very good.
The record wind and solar is too low? I agree do not worry it will be higher this year.
There's no increase in gas, it just looks that way because of the stacked graph.
No, wind and solar increased on the graph. The line going down doesn't mean decrease. Look at this like at a pie chart, the height of the wind and solar segments has increased
I live in Alberta Canada and with the recent -40ish C cold snap, the total failure of solar and wind to generate where required was almost catastrophic. If not for excess capacity in Saskatchewan, it might have caused grid collapse. Green energy is a total fraud!!!
The "2 large natural gas power plant outages" which the Alberta Electric System Operator reports caused the shortage is probably what caused the shortage.
Wind and solar have a dispatchable capacity of 0, so even if they're all down, you lose 0 capacity. They make energy, not capacity.
Just like in Texas, the problem was the gas outage. Intermittent gas 😅
@@SizeMichael man made global warming is a total fraud. Carbon dioxide constitutes less than 0.5% of the atmospheric composition. Carbon dioxide levels over millions of years have been much much higher. The period of time we live is near the minimum of the total measured period.
We are living in a time of the elites preparing to depopulate massively. The sun is sick. Billions of people are about to die. If the covid bioweapon didn't wake you up, then I can't imagine what will...
Wind energy up => prices up! I say, let's dump this green energy crap and burn more hydrocarbons at least until we can get LFTRs running.
Really no one in the energy Business in the UK wanted the new reactors in Hinkley Point C. because already in the planning phase their cots per kWh were double that of wind.
it was the military who pulled the strings behind the curtain
Energy is expensive because our demand for hydrocarbons is already higher than our supply of hydrocarbons, not the other way around.
If you burn more hydrocarbons, you're gonna make the gap even larger, and make energy even more expensive.
The solution is to reduce demand for hydrocarbons, and to increase the supply of hydrocarbons, which means: build renewables and legalize fracking.
@@SizeMichael If you believe that then you're totally out of touch with the political situation around the world. Hydrocarbon supply is political. Many renewables, apart from hydro, actually create more problems than they solve and cost more money. Nuclear power is the solution.
lol we gone up from 350g co2/kWh to 450g co2/kWh and it got 400% more expensive ust look at you F electric bill if u live in EU all the numbers is printed there!!!!
By my calculation, from entsoe data, we went from 270g in 2022 to 235g in 2023
Electricity got more expensive because fossil fuels got more expensive, and then got cheaper because fossil fuels got cheaper. My SOLR price is 2x what it was in 2019, but 1/3rd what it was in 2022
Crushed with energy prices. fail to include energy poverty
True picture is emerging. Fossil industry misinformation is being proven false. EU grid is stable as EVs increase. EVs are part of a future energy mix and I predict max out at about 30% of the market. Fuels like hydrogen I predict will meet 40% to 50% of transportation market. Hydrogen I predict will make its biggest impact in industrial carbon reduction because this is a big percentage of global carbon emissions. What's your take.
Go woke, go broke. Rich Germany is bankrupt! Lol
The word "woke" has as many meanings as there are humans. Why not explain what you mean with words people might actually unambiguously understand.
This video is so wrong
There is no such thing as "fossil" fuel.