Wind power has slashed UK energy bills by over £100 billion, UCL study finds

A new analysis by University College London finds that wind-generated electricity has delivered net benefits of about £104 billion by reducing both electricity bills and fossil-gas demand since 2010. In an era of cost-of-living crisis, the economic logic is compelling: boosting renewable energy supply lowers the marginal cost of generation, shifts the supply curve outward and reduces reliance on volatile global gas markets. For households, that downward pressure on bills represents a real cost-saving just when budgets are under strain — proof that green investment isn’t just environmentally savvy but economically shrewd.

Wind power has cut £104bn from UK energy costs since 2010, study finds | Wind power | The Guardian

1. Distinguish between renewable and non-renewable resources, using examples.

2. Using an appropriate diagram, analyse how investment in wind power has reduced the marginal cost of electricity generation in the UK.

3. Discuss the costs and benefits of wind power for the UK economy, using evidence from the UCL research.