The latest round of offshore wind farms to be built in the UK could reduce household energy bills by producing electricity very cheaply.
The latest round of offshore wind farms to be built in the UK could reduce household energy bills by producing electricity very cheaply.
Renewable energy projects, including onshore and offshore wind and solar farms, have so far been subsidised by government support schemes. This has led to some to complain that clean energy is pushing up bills.
However, the most recently approved offshore wind projects will most likely operate with ‘negative subsidies’ – paying money back to the government. The money will go towards reducing household energy bills as the offshore wind farms start producing power in the mid-2020s.
This is the conclusion of an analysis by an international team led by Imperial College London researchers published today in Nature Energy.
Read more at Imperial College London
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