Just 2.67p Per Household, New Study Shows (UK)

New figures released by Ofgem yesterday show that wind energy costs as little as 2.67p per household per day.

The news that the cost of wind is so low comes as the energy regulator revealed that together onshore and offshore wind accounted for nearly 59% of renewable energy generation in the UK in 2011-2012, which was key in taking renewable energy over the 10% landmark of electricity consumed for the first time.

The report is published in the same week as warnings were made that the UK’s gas supplies were low, raising the danger that the UK will be left further dependent on expensive imports, the major reason for recent bill rises.

RenewableUK’s Director of Policy Dr Gordon Edge said: “These figures from Ofgem show that while wind energy continues to grow, providing more and more British homes with clean energy, the costs remain low. Anyone who cares about stabilising consumer bills should support investment in clean energy and getting us off the hook of imported fossil fuels.”

“Wind energy is the UK’s most abundant and inexhaustible asset and these results affirm that the industry is on track to generate at least 20% of the UK’s electricity needs by 2020. In the context of rising energy costs as a whole, it is imperative that we continue to harness this plentiful and natural resource and take control of our energy future.”

[mappress]

Press release, March 22, 2013; Image: alphaventus