Coronavirus company news summary – National Grid foresees lower winter energy demand in UK – Germany to drop renewable surcharge

16 October 2020 (Last Updated October 16th, 2020 09:32)

16 October

National Grid, UK’s transmission system operator, has said in a report that the country has a decreased risk of winter blackouts this year due to reduced energy demand. The demand for electricity will decline by 2.4GW over winter compared to the previous year, as more people work from home and avoid public places due to the Covid-19 pandemic.

Germany has announced plans to reduce the surcharge paid by consumers for renewable power, leading to lower electricity bills from 2021. The average household with three persons will see electricity prices drop by 1%, save an average of $14 (€12) annually. The country originally introduced the surcharge to promote renewable power generation and reduce carbon emissions.

According to speakers at the Energy Transition and Covid-19 roundtable, the Covid-19 pandemic has hastened the energy transtition in the European Union. It has also proven that power grids can handle larger amounts of renewable energy. Speakers said this should serve as an example for Serbia's energy transition, which is still beginning. The Serbian energy and mining ministry said the country will formulate a National Energy and Climate Plan to meet its renewable energy development goals.