Customer spend on European energy market skyrockets in 2020

Spending on energy-as-a-service type products rose by 53% last year, compared to 46% in 2019, according to new research

Big Zero Report 2022

European customers’ spending on energy-as-a-service type products has risen a whopping 53% over the last year, compared to 46% in 2019.

That’s according to new research from research and consulting firm Delta-EE, which suggests that despite Covid-19, the new energy market in Europe is progressing faster than expected.

The study predicts a slower but steady customer spend growth of 32% annually in the next five years, with e-mobility expected to record the fastest growth rate.

According to the report, e-mobility saw a triple-digit year-on-year growth with the UK, Germany, France and Italy having the biggest growth in customer spend.

In previous research, Delta-EE predicted that an estimated 84 million electric vehicles (EVs) will be travelling on European streets by 2030. 

Alix Weil, New Energy Business Model Service Manager in Delta-EE, said: “Charging your EV inevitably increases your electricity bill and we see that as a motivating factor for the uptake of other new energy propositions, such as smart home management and charging propositions.

“From tech companies to utilities, e-mobility involves businesses across the whole supply chain and we expect such market growth to speed up the expansion of other sectors.”

If you enjoyed this story you can sign up to our weekly email for Energy Live News – and if you’re interested in hearing more about the journey to net zero by 2050, you can also sign up to the future Net Zero newsletter. 

Latest Podcast