If the objectives set in the reduction of CO2 emissions are met We can see a considerable reduction in the electricity bill in our homes of up to 55%.
This is due to strong growth in electricity demand that, derived from the already necessary electrification process to achieve the decarbonization goals, will be able to grant the long-awaited reduction in the electricity tariff of a 35% by 2030 and up to 55% in 2050, according to him Monitor Deloitte report.
Just as the focus is on transport to reduce CO2 emissions, the thermal uses used in the home they are also part of this process.
Alberto Amores, partner of Monitor Deloitte stated during the presentation of said study:
"It is not an obligation only for companies or the administration, households also have to contribute, since building (residential and services) represents a very important part of the country's energy consumption and emissions."
For the sake of understanding, a simple way to explain it is that a standard average home could reduce energy consumption by 40%.
The means to achieve this could well be through a comprehensive rehabilitation or, alternatively, with the use of an electric heat pump, which would mean 4 times cheaper than rehabilitation.
The report cited above establishes about 4 different scenarios for the next few years:
- Constinuist.
- Electrify the economy.
- Conventional Reduction.
- High Electrical Efficiency.
The reduction of CO2 emissions, objectives
The scenario named "High Electrical Efficiency" is the exclusive one that can be allowed to meet the targets set for decarbonization.
Considering a very high electrification of the economy and very intense actions in energy efficiency, it is the only one capable of meeting the objectives of reducing CO2 emissions that Europe is already considering today.
However, looking at the other scenarios, it is the "Continuist" that continues as it has been until now (more or less) in terms of the weight of petroleum products and the rest of the energy efficiency actions.
Monitor Deloitte highlights:
“Although the“ High Electricity Efficiency ”scenario supposes investments much higher than the“ Continuist ”, in the long term it entails significant savings in imports of fossil fuels, estimated at around 380.000 million euros; thus, the decarbonized scenario can be even cheaper in total costs than the "Continuist".
Specifically, it is estimated that the "High electrical efficiency" scenario involves a total of 510.000 million investments between 2017 and 2050 and an expenditure on hydrocarbon imports of about 620.000 million, while in the "Continuing" scenario, 200.000 are reached. million investments and 1 trillion spending on oil and gas imports ”.