The energy crisis in Europe is intensifying, with soaring gas prices, people's daily lives are also affected, and the price of electricity is also rising, with many factories and restaurants on the verge of closing down and being forced to shut down because of high electricity bills.
Winter is coming and the demand for electricity is even stronger, and because of the sanctions against Russia, the energy crisis seems to show no signs of improvement. For some families, although burning coal and wood can be used for heating and cooking, but it must be admitted that there are now a very large part of the population can not live without electricity.
So, what if you can't afford to use the country's electricity? Then you can figure out how to generate your own electricity.
According to Solar Energy UK, at the end of August, more than 3,000 homes were installing rooftop PV every week, three times more than two years ago.
Why is this happening?
It has to do with the cost of electricity, of course.
For example, the Office of Gas and Electricity Markets recently announced that it has adjusted the energy price cap for UK households from £1,971 to £3,549, which came into effect on October 1. Then this price is a big increase of 80% and 178% compared to this April and last winter respectively.
However, a leading British consulting firm predicts that in the January and April 2023 price hikes, the electricity bill cap will likely be raised to £5,405 and £7,263.
Then in this case, if the installation of rooftop photovoltaic panels, a family can save 1200 pounds a year on electricity, if the price of electricity continues to rise, or even more than 3000 pounds a year, which is not intended to be a huge relief for the majority of British families' daily expenses. And, this photovoltaic system can be used year-round, a one-time investment, continuous output.
In order to encourage photovoltaic power generation, the UK also provided rooftop PV subsidies to the public years ago, but this subsidy was stopped in 2019, and then the development of this market began to level off, and later also the emergence of the new crown epidemic, resulting in a limited growth rate during that time.
But to the surprise of many, the Russian-Ukrainian conflict brought about an energy crisis, but made the UK rooftop PV market go high again this year.
A British installer said that the waiting period for installing rooftop PV has now been as long as 2-3 months, while in July, users only need to wait for January. At the same time, new energy company Egg calculations, with the rising price of electricity, now the installation of rooftop photovoltaic systems, the time to recover costs has been reduced from the original ten years, twenty years, to seven years, or even shorter.
Then mention PV, inevitably can not be separated from China.
According to Eurostat, 75 percent of the 8 billion euros worth of solar modules imported into the EU in 2020 originated in China. And 90% of the UK's rooftop PV products come from China.
In the first half of 2022, China's exports of photovoltaic products reached 25.9 billion U.S. dollars, up 113.1% year-on-year, with module exports up to 78.6GW, up 74.3% year-on-year.
In recent years, China's new energy industry has developed rapidly, whether it is the installed capacity, technology level, or the ability of the industrial chain has reached a global leading level, PV and other new energy industries have obvious international competitive advantages, supplying more than 70% of components for the global market.
At present, countries around the world are accelerating energy green low-carbon transformation, and Europe because of sanctions Russia is going the opposite way, restarting coal-fired power plants, people began to burn coal, burning wood, which is contrary to the concept of low-carbon environmental protection, but also for the development of photovoltaic industry provides a certain market space, which is a very good opportunity for China to further consolidate the advantage.
In addition, according to forecasts, by 2023, the UK rooftop photovoltaic market will still grow at about 30% per year, coupled with the impact of this energy crisis, I believe that not only in the UK, for the whole of Europe, there will be more families choose to generate their own electricity.
Post time: Nov-27-2022
