Our researchers will shortly publish a report that shows how onshore and offshore wind farms are significantly reducing wholesale energy costs – contrary to popular myth.
The soon-to-be-published report follows hot on the heels of an independent private sector study carried out by Good Energy. That report also shows how renewable energy is cutting the wholesale price of energy and reducing the cost of subsidies on users.
Dr Lisa Clark, who carried out the research as part of the Sheffield Solar group, said: “Decarbonising electricity generation is critical for the future sustainability of the planet. In the UK, wind is a really important source of renewable electricity.”
“At the moment the costs of renewable subsidy schemes such as Feed-in Tariff and Renewable Obligation have cast doubt over the future of renewables. But there are very few reports of the actual financial savings from renewable generation like wind and existing savings to consumers. The Good Energy report supplies that evidence, which shows that wind generation is typically saving consumers around £1.5bn per year.”
Her own study is expected to bolster the findings in the Good Energy report.
Good Energy chief executive Juliet Davenport said: “Our analysis puts the bill payer at the centre of the debate around renewable energy subsidies. Let’s give them the full picture and not just half of it. What is not taken into account is the fact that renewable energy, such as wind and solar, has actually been bringing the cost of energy down for consumers.”
“The billpayer money invested into supporting renewables yields significant benefits – let’s be very clear about that,” she added.
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