UK renewable energy deployment delays to 2025, or tens of billions of consumer costs
- 2017-09-19 15:59:17
In spite of falling prices and rising demand, further deployment of renewable energy sources in the UK could lead to an increase of 2 billion 600 million pounds ($23 billion 100 million) per year in 2025.
Britain's recent competitive auction model found that offshore wind power projects earned record low price contracts, which cost even less than natural gas and nuclear power. Thus, renewable energy projects are not only cost competitive, but even cheaper to generate electricity than conventional power generation.
However, a British think-tank in the new green alliance GreenAlliance comparative analysis found that, if there is no faster deployment of renewable energy progress, consumers may eventually pay an additional fee of 2 billion 600 million pounds a year in 2025. GreenAlliance believes that the investment in the construction of low-carbon renewable energy like wind and solar energy that can be in 2025 for consumers to save $1 billion 800 million a year, if the energy is included, the year will save 2 billion 600 million pounds.
In addition, by 2030, these cost savings will be doubled: specifically, to continue the construction of renewable energy and energy efficiency projects will be before 2030 for UK consumers annual savings of 3 billion 700 million pounds, if including energy saving measures, then save 5 billion 300 million euros.
But although the value of renewable energy is more and more obvious, the cost continues to decline, the British government has not for the deployment of renewable energy planning and commitment, not to reassure investors and developers to bring policy confidence. Although the UK government promises to develop renewable energy sources and increase its use, delays continue to pose a threat to the industry.
"The UK's investment in renewable energy has been declining since 2015 because of the steep decline in costs," ChaitanyaKumar, senior policy adviser for the Green coalition, explained. At the moment, a better strategy is to track down earlier investments and buy more cheap clean energy, which will save energy costs and support the creation of new jobs in the national renewable energy industry. "
The green Union believes that the British government has reduced investment in renewable energy, so that will be the development of renewable energy has reached 65 TWH, accounting for 20% of the UK energy consumption.