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10 fun facts about renewable energy

By Aylin Erman Monday 27 July 2015

As the global environmental crises dawns upon us, renewable energy models are taking center stage.

Around the world conversation is swirling concerning what we, as a global society, will do to combat the negative effects of climate change and become less dependent on oil and other fuels to power our energy needs. Fortunately, renewable energy sources are becoming increasingly more fashionable and economical around the world. Here are 10 facts about renewable energy you may not know.

Renewable energy is any energy derived from natural processes, such as sunlight and wind. They are replenished faster than they are consumed, hence "renewable". Some forms of renewable energy include solar, wind, geothermal, hydro and biomass. They've been around for quite some time but are only picking up steam recently, when the world has found itself in a position where it has no other choice but to embrace renewable technologies. The following 10 fun facts about renewable energy highlight its growth, efficiency, and effectiveness.

  1. Renewable Energy creates three-times more jobs than fossil fuels.
  2. Fossil fuels get 4 times the subsidy of renewables.
  3. Renewable energy is expected to jump to 25 percent of global gross power generation in 2018, a rise on 20 percent in 2011 and 19 percent in 2006.
  4. One wind turbine is able to generate enough electricity to power up to 1,400 households.
  5. Within a 5-year period, Portugal’s electric grid jumped from 15 percent to 45 percent renewables.
  6. If taken advantage of to its fullest extent, sunlight that beams on the earth for one hour could meet world energy demands for an entire year.
  7. Europe and North Africa could run on 100% renewable energy by 2050.
  8. In 2014, China built two wind turbines per day.
  9. Solar power may account for the world's main energy source of power by 2050.
  10. 20% of the UK's population live in areas suitable for Geothermal District Heating using heat pumps.

 

Sources: Cleantechnica, Oilprice.com, Greenpeace.org  

This article is by Aylin Erman from ecosalon.com.

O​VO​ Energy Ltd, registered office 1 Rivergate Temple Quay Bristol, BS1 6ED, company no. 06890795 registered in England and Wales, VAT No. 100119879

Additional terms and conditions
Please see below for full terms and conditions on 33% renewable electricity, 3% interest rewards, exit fees and saving claims.

 

1Monthly cost - Representative monthly direct debit costs based on a non-economy-7, dual-fuel, medium user (3100 kWhs elec. and 12500 kWhs gas) paying in advance by direct debit, including online discount.  All rates correct as of 06/06/2017, but may go up or down.

2Weekly cost - Representative weekly costs based on a non-economy-7, dual-fuel, medium user (3100 kWhs elec. and 12500 kWhs gas).  All rates correct as of 06/06/2017, but may go up or down.

3Pay Monthly Savings are based on the average estimated annual costs for new PAYM OVO customers quoted through the OVO website (based on household and/or consumption information provided by those customers), compared to their current supplier and tariff. Comparisons taken between 03/11/2016 and 06/06/2017. Incl VAT. Actual savings may vary according to your current supplier or tariff, individual tariff options, household information, consumption and location. 

4Pay As You Go Savings are based on the average estimated annual costs for new PAYG OVO customers quoted through the OVO website (based on household and/or consumption information provided by those customers), compared to their current supplier and tariff. Comparisons taken between 01/01/2016 and 11/10/16. Incl VAT. Actual savings may vary according to your current supplier or tariff, individual tariff options, household information, consumption and location. 

We include almost twice as much renewable electricity as the national average: At least 33% of electricity in all of our tariffs comes from renewable sources. The national average, according to Ofgem as at March 2014 was 16.7%. For more information please visit this page.

33% of your electricity comes from renewable sources: 33% renewable electricity as standard as of 1st April 2015. Renewable electricity is generated from wind, solar, geothermal, wave, tidal, hydro, biomass, landfill gas, sewage treatment plant gas and biogas.

3% interest: Calculated at 3% per year for customers paying by advance direct debit.  The OVO Interest Reward is paid monthly based on   number of days in credit and the amount left in your account after you’ve paid your bill,  and the credit balance on which you can earn the OVO Interest Reward is capped. Terms apply: http://www.ovoenergy.com/terms/

95% of new customers save when switching to OVO: Savings based on the average estimated annual costs for all new OVO customers quoted through the OVO website, compared to their current supplier and tariff. Comparisons taken between 01/05/2016 and 11/10/16. Incl VAT.

94% of surveyed customers would recommend us: OVO conducted a survey of their customers in between 1st January 2016 and 15th April 2016. Out of 15,312 customers who responded, over 94% rated OVO 6+ when asked 'how likely would you be to recommend us to a friend and family, on a scale of 1 to 10.

Britain's top rated energy provider: Britain's top rated energy provider in the Which? 2015 satisfaction survey. Survey conducted in October 2015. Awarded in January 2016.

uSwitch's Energy Supplier of the Year: OVO energy was voted and awarded  'Energy Supplier of the year' and best for: Overall Customer Satisfaction, Most Likely to be Recommended, Value for Money, Best Deal for You, Customer Service, Billing Services, Energy Efficiency, Meter Services, Online Services, Green Services and Transfer Process. OVO Energy scored a 96% customer satisfaction score.

Which?: Achieved the highest score of 78% in the Which? Satisfaction Survey conducted in September and October 2016.

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