In the News

Offshore renewable energy tumbles in price

Geoff Riley

11th September 2017

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Is this a hugely significant moment for energy economics and policy in the UK?

Offshore wind power is now cheaper than nuclear energy according to new statistics from the National Grid. Roger Harrabin reports here for BBC news. The price of offshore wind power has fallen by more than 50 per cent over the last two years as the scale and efficiency of giant turbines used in the sector has expanded. Naturally, Greenpeace is delighted!

Sky News below mentions the impact of contract auctions in the UK energy market

Cost of new offshore wind power set to fall by 50% over next five years following award of new government contracts https://t.co/5PZolPKdSB
— Sky News (@SkyNews) September 11, 2017

RenewableUK's @ELPinchbeck speaking to the BBC on offshore wind auction: "These figures are truly astonishing" https://t.co/g8JIGF2MQ4
— RenewableUK (@RenewableUK) September 11, 2017

#UK Government go full tilt for offshore #windpower #renewableenergy #cleanenergy #climatechange https://t.co/EENtfFAalc via @telebusiness
— Jamie Wightman (@itsfuturewave) September 11, 2017

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

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Offshore renewable energy tumbles in price

Geoff Riley

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