New report shows onshore wind is the cheapest energy

British offshore wind is being installed at the same price as gas power plants and at half the price of nuclear plants, shows a new report. However, for this to benefit consumers, the renewable energy should be treated similarly to fossil fuels under the British subsidy system.

Photo: National Wind Watch

Onshore wind has the potential to become de facto subsidy-free in the UK. New wind farms can deliver energy that is just as cheap as new gas power plants and energy which is half the price of the electrons in the Hinkley Point C nuclear power plant, concludes a report undertaken by Arup commissioned by ScottishPower Renewables.

Arup argues that onshore wind could be produced at GBP 50-55 / Mwh. Should electricity price projections last, British consumers will not end up paying extra for their electricity relative to the cheapest alternatives.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted forced to delay coal phase out

The Danish authorities have ordered Ørsted to continue operations of one coal fired power plant and resume operations on two others until 2024. The utilty maintains aim of CO2-neutrality in 2025.

Further reading

Related articles

Latest News

See all jobs