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New report shows onshore wind offers best value for consumers

13 April 2017   (0 Comments)
Posted by: Rob Norris
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New report shows onshore wind offers best value for consumers

 

RenewableUK is highlighting a new report by independent business analysts Baringa which has found that onshore wind is cheaper than any other clean source of new power.

 

The study, commissioned by Scottish Renewables, shows that if new onshore wind projects were allowed to compete in auctions to win contracts to generate electricity, they would provide a net financial benefit to consumers. After an initial period of financial support, they pay back more overall to consumers during their lifetime.

 

RenewableUK’s Executive Director Emma Pinchbeck said:

 

“When it comes to keeping the lights on at the lowest possible cost to consumers, onshore wind is absolutely crucial. The Government’s upcoming Industrial Strategy is rightly concerned with energy costs, so it makes no sense to deny future projects a chance to compete in auctions for contracts to generate electricity.

 

“Bill payers deserve the best possible value for money. This report shows that if onshore wind was allowed to take part in the competitive auction process, it would prove yet again that it can provide power for British homes, businesses and factories cheaper than any other low-carbon technology”.

 

“A study published earlier this month by the Conservative think tank Bright Blue shows that most Conservative voters support the development of onshore wind farms, provided they receive no subsidies. The Baringa report shows that new onshore wind projects pay back more overall to consumers over the lifetime of a project”.

 

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For further information, please contact:

  • Jennifer Webber, Director of External Affairs, 0207 901 3012 or 07792 463 445
    Jennifer.Webber@RenewableUK.com

  • Robert Norris, Head of Communications, 0207 901 3013 or 07969 229913 Robert.Norris@RenewableUK.com

  • Adam Wentworth, Communications Officer, 0207 901 3038 or 07791 702702 Adam.Wentworth@RenewableUK.com

    Notes:

  1. RenewableUK is the trade and professional body for the wind, wave and tidal energy industries. Formed in 1978, and with more than 400 corporate members, RenewableUK is the country’s leading renewable energy trade association.

  2. More about Baringa and Scottish Renewables

  3. More details on Bright Blue’s report “Green Conservatives? Understanding what Conservatives think about the environment”.
    The
    full report states (p8): “Interestingly, a majority of Conservatives (59%) support the further development of onshore wind farms, provided they receive no subsidies”.


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