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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

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for thirty 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 conferences in the UK and overseas.

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