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Report

Future of Energy

Feb, 2019
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Summary

With tackling climate change a top priority, and a continued move away from our reliance on oil and gas, energy suppliers are focussing on how to diversify, innovate, and maximise efficiency. The Future of Energy report, published in The Times, covers the rising importance of offshore wind energy and how wave energy could diversify the renewables mix. It explores five innovations which can drive energy efficiency and outlines the business benefits of better energy storage, as well as the exciting possibilities offered by energy-as-a-service. Also featured is comment on the future of data-driven energy and an infographic showing the new entrants challenging the Big Six energy providers

Infographic

The six largest energy providers in the UK - British Gas, EDF Energy, E.ON, npower, Scottish Power and SSE - used to supply 100 per cent of the nation's electricity and gas back in 2004. However, recent years have seen market shares decline as new entrants have ramped up competition. With profits slipping and customers now able to switch easily between one of the now-73 domestic suppliers, dynamics in the energy market are beginning to change