Responding to the publication of a review of energy costs by Professor Dieter Helm,
RenewableUK’s Chief Executive Hugh McNeal said:
“Professor Helm’s report supports the view that renewables are set to become the backbone of the UK’s modern power system and that a flexible grid will ensure costs for consumers are kept as low as possible. He specifically says wind energy can make a contribution to security of supply and describes renewables as the ”new conventionals”.
“The cost of renewable energy has fallen further and faster than anyone predicted - and Professor Helm predicts that this trend will continue. Offshore wind costs have dropped by 50% since 2015, making it cheaper than nuclear and gas. When it comes to keeping bills down, low-cost onshore wind is a crucial technology for consumers and must be allowed to compete on a level playing field”.
“Professor Helm rightly recognises the importance that innovation and research, and a supportive tax regime, have to play in bringing forward other technologies such as wave and tidal power, in which the UK leads the world”.
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.