The report focuses on the first detailed breakdown of heat energy use in the UK in order to provide an insight into how the world’s first Renewable Heat Incentive will be able to change the way that around half of the UK’s energy consumption is supplied, and the market opportunities that will be created by this step-change in heat energy supply.
Features and benefits
- Provides an understanding of the RHI mechanism and the role it plays in promoting renewable heat in England, Scotland, and Wales.
- Provides an assessment of the effectiveness of the RHI creating a step-change in the way in which energy is supplied.
- Provides a detailed breakdown of heat energy demand by sector and current fuel supply in the UK and identifies market opportunity for renewable heat.
- Provides an insight into renewable heat technologies and future generation potential.
Investors seeking to enter the renewable heat market will find that the support mechanism for renewable heat is continuously evolving to develop new market opportunities. The RHI is designed to instigate a step-change in the supply of energy for heating in the UK, where around half of all energy supply is consumed for various heating purposes.
Energy suppliers will need to adapt to a new market outlook as new sources of energy will grow to replace conventional heat energy supply. The scale and scope of the changes is analyzed here with some of the first detailed data examining the breakdown of heat energy demand in the UK.
Your key questions answered
- What market opportunities will be created by the world’s first Renewable Heat Incentive?
- What is the potential scale of change to the way in which three-quarters of the UK’s non-transport energy consumption is supplied?
- Which renewable heat technologies are likely to benefit from the scheme? What is the likely rate at which conventional energy supply will be replaced?