European power demand may plummet to the level of 20 years ago, and power transformation is imminent.

"There is no end in sight to the decline in European electricity demand." Bloomberg reported that the International Energy Agency (IEA) pointed out in a report released on July 19 that due to the impact of energy price shocks and slowing economic growth, European electricity demand will decline this year. Or it will decline by 3%, down to the level of 2002, and the electricity demand in the United States and Japan will also decline to varying degrees. At the same time, the report predicts that the electricity demand in China and India will continue to rise, which will lead to an increase of nearly 2% in global electricity consumption this year. In particular, China's electricity demand may achieve an annual growth rate of 5.2% in the next two years.

According to a report released by the International Energy Agency, under the impact of energy prices, heavy industries across Europe have shut down on a large scale, and the corporate bankruptcy rate in EU countries has jumped to the highest point since 2015. In the first half of 2023, European electricity demand fell by a record 6% from two years ago, with two-thirds of last year's reduction in electricity consumption being caused by industrial weakness.

"The competitiveness of Europe's energy-intensive industries is threatened by soaring energy costs, and the road ahead is not smooth." The International Energy Agency warned that although global energy prices have retreated from last year's record highs, European industrial output has remained stable. Lag, seriously affected the industrial competitiveness of Europe. The report noted that under the influence of overseas subsidy policies such as the US "Inflation Reduction Act" (IRA) and Japan's "Green Transformation Promotion Act", European factories have fallen into the predicament of reducing production or shutting down, and industrial investment is also facing stagnation or transfer.

EU-wide industrial output fell by 1.3% between February 2022 and March 2023, Euronews cited the latest figures from the European Union's statistics agency. Germany has been more affected. In May this year, German industrial output fell by 0.2% month-on-month, which was lower than market expectations, raising concerns about a long-term recession. German industrial giants like BASF and Volkswagen have cut domestic production and are looking abroad.

For example, in China, BASF's integrated base project in Zhanjiang, Guangdong has officially started production. BASF also announced in July that it will build a new offshore wind farm with Chinese partners. On May 30, Volkswagen Group and Hefei Economic Development Zone jointly signed an agreement to invest 1 billion euros to establish an electric vehicle development, innovation and procurement center in Hefei.

The report of the International Energy Agency also predicts that, except for Europe, electricity consumption in the United States and Japan will decline: the electricity demand in the United States is expected to drop by nearly 2% this year, and Japan will drop by 3%.

In response to the current plight of European industry, the International Energy Agency stated that the EU can increase state aid or increase energy price subsidies, but this may bring burdens to consumers and taxpayers. Another option is to step up support for renewable energy to power green heavy industry, but that could come with high upfront costs. The agency predicts that by 2024, renewable energy will account for more than one-third of global electricity generation.

Under the trend of global carbon neutrality, energy saving and emission reduction have become the top priority of the whole planet. At present, boilers and heat pump systems are the most used in family life in the European market. In many cases, household electricity is used Losses are often higher than we expect. According to research data, the current unnecessary loss of household electricity consumption is as high as 37%, which not only brings a burden to the power system, but also generates many unnecessary bills. Therefore, many smart devices have been derived on the market to reduce these unnecessary losses. For example, thermostats are currently the most used in Europe. At present, almost 80% of households will install different types of thermostats, such as mechanical thermostats, smart thermostats, wifi remote control thermostats, programmable digital thermostats, etc. Etc., there are many kinds. Choosing a suitable thermostat can indeed reduce household bills. According to survey statistics, the energy-saving efficiency of smart thermostats can reach 22%. It can save unnecessary power consumption from multiple angles: such as forgetting to turn off when you go out Cooling or heating equipment, forget to close the window when turning on the cooling or heating equipment. At the same time, it can also adjust the indoor temperature according to the user's habits. For example, when you are about to go home from get off work, the smart thermostat will be turned on within 15 minutes before you arrive home, so that you can feel the most comfortable experience as soon as you arrive home. A best thermostat can not only save you money on bills, but also improve the happiness of life.

Next, I will introduce an excellent smart thermostat to you. It is a new Tuya Smart Life WiFi RF Wireless thermostat developed by E-TOP, the largest thermostat supplier in China, after one year. It has a simple operation mode and can It is easy to operate for the elderly and easy to install. The built-in smart lock system can prevent children from accidentally touching it. And under the newly upgraded system, the window opening detection function has been comprehensively improved, which can reduce the energy loss caused by residents forgetting to close the windows. Here are some basic parameters of this product:

HT-CS03 TFT color touchscreen programmable WiFi heating thermostat is a smart home device that allows you to control and schedule your heating system remotely using a WiFi connection. It features a colorful touch-sensitive display, which makes it easy to navigate and adjust temperature settings.  

· Attractive 4.3inch TFT Color Display

· Multiple modes control(Manual,Economy and PRG. Mode)

·  Water underfloor heating or cooling system(3A) or Electric underfloor heating system 

·  7 days Programmable (4periods/day)

·  Child Lock 

·  Open Window Detection

·  Frost protection

·  CE, ROHS approved

·  2.4Ghz Tuya Smart Life APP 

·  External sensor supported

If you are still troubled by not being able to find a suitable thermostat, you may wish to contact E-top controls Co., Ltd. They have been established for 20 years and have mature research and development, production, quality control, and after-sales service. Dozens of different types of thermostats are available, such as: zigbee thermostat, Rf thermostat, wifi thermostat, remote controls thermostat, modbus thermostat, bacnet thermostat, etc. If you are interested, you can directly visit the official website: etopcontrols.com or contact us directly The following email: info@etopcontrols.com