APPROACHING A TIPPING POINT: how corporate users are redefining global electricity markets
SIGNIFICANT RE100 GROWTH
– 122leadingcompanieshavecommittedtosourcing 100% renewable electricity.
– Their collective electricity demand is over 159 terawatt hours per year (TWh/yr) – this is more than enough to power Malaysia, New York State or Poland, and is a 49% increase on last year’s membership.
– If RE100 were a country, it would be 24th biggest in the world in terms of electricity use1.
– Suppliersandpeersarebeingincreasinglyinfluenced by members.
RE100 MEMBERS ARE ADDING RENEWABLE ELECTRICITY CAPACITY TO THE GRID
– 25companiesachievedtheir100%targetbytheend of 2016.
– On average, RE100 members are sourcing 32% of their electricity from renewables.
DIRECT INTERVENTION AND DIVERSIFICATION OF ENERGY MARKETS
- – Renewablepowerconsumptionfromcompaniesgrew, with the proportion of procurement from offsite grid-connected generators (Power purchase agreements – PPAs) increasing more than fourfold in one year, from 3% to 13%.
- – Purchase from on-site installations owned by a supplier has increased x15.
- – 56 companies generated some of their own electricity on site in 2016, increasing generation ninefold on the previous year.
BETTER COST COMPETITIVENESS OF RENEWABLES IMPROVING THE BUSINESS CASE
– 88%ofrespondingmemberscitetheeconomiccase as an important driver for their RE100 commitment.
– 30 out of 74 respondents reported that switching to renewable electricity was cost competitive or resulted in cost savings on their energy bills.
