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NESO: energy cost could halve by 2050


By Mark Evans

NESO analysis shows that energy costs could drop from about 10 per cent of GDP in 2025 to around 5-6 per cent by 2050. This is despite higher energy demand due to population growth, increased GDP, and more energy-intensive sectors like data centres.


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EU hits 2025 solar target

After years of expansion, the EU solar boom of the 2020s might be over. With a 0.7 per cent contraction from 65.6GW installed in 2024, to 65.1GW installed in 2025, this year is the first since 2016 that solar capacity has declined.

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UN sees $20tr annual saving through renewables

United Nations Environment Programme (UNEP) report finds that a whole-of-society and whole-of-government approach to transform the systems of economy and finance, materials and waste, energy, food and the environment would deliver global macroeconomic benefits that could reach US$20tr per year by 2070 and continue growing.

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GB Energy boosts supply chains

Great British Energy (GBE) has launched a £1bn Energy Engineered in the UK (EEUK) programme to mobilise public and private investment and unlock critical supply chains.

A renewable energy system will save Europe €1.6tr

WindEurope’s latest study, in cooperation with Hitachi Energy, shows that even when accounting for the grids, storage and back-up, a system running on a high share of renewables is significantly cheaper.
Ofgem agrees to three electricity superhighways

Ofgem has approved updated delivery dates and early investment for three connectivity ‘superhighways’.
Tesco announces two new nature partnerships

Tesco has announced two new nature partnerships as it revealed the progress it’s made during the first year of its Nature Programme initiative.
EU climate deal will target 90% reductions

Negotiations in the European Parliament and Council reached a provisional agreement on an amendment to the EU Climate Law, setting a new, intermediate and binding 2040 EU climate target of reducing net greenhouse gas emissions by 90 per cent compared to 1990 levels.
Copernicus: temperatures break 1.5C barrier

2025 is currently tied with 2023 to be the second-warmest year on record, according to new data from the Copernicus Climate Change Service (C3S).
Blueprint anaerobic digestion in Sedgefield

Onnu, in partnership with ReGenEarth, is pioneering a fully circular integrated anaerobic digestion (AD) and pyrolysis project.
Forestry England and DPD dig in for woodland restoration

Forestry England and DPD are extending their partnership to restore and protect some of the nation’s forests. Since 2020, the support of DPD’s Eco Fund has helped restore Wareham Forest in Dorset following devastating wildfires, planted more than 12,000 trees across four woodlands, and created new spaces for local communities.
ExxonMobil cuts low-carbon spending by $10bn

ExxonMobil has announced that it will be cutting low-carbon spending by a third.
NESO unleashes zombie weedkiller

NESO has confirmed a new pipeline of deliverable, shovel-ready energy projects that will be prioritised for connection to the electricity networks, unlocking a potential £40bn in clean investment annually.
A new wind generation record

On 5 December at 5:30pm, wind generated 24GW of electricity, beating the record of 23GW set less than a month ago on 11 November.
EU ‘simplifies’ sustainability reporting

A provisional agreement has been reached to simplify sustainability reporting and due diligence requirements in an attempt to boost EU competitiveness.
25 years of offshore wind saved £30bn

Analysis on 25th anniversary of commissioning of UK’s first offshore wind farm finds the technology is now main source of electricity from North Sea, overtaking gas and generating around 10 per cent more power.

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