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Showing posts with the label uk

Wind power is now the cheapest electricity to produce in the UK

The rise of renewable energy has made electricity generated by fossil fuels much more expensive   A wind turbine stands at Whitelee Wind Farm, the biggest in the UK Jeff J Mitchell/Getty Images Electricity produced by wind power is now the cheapest in the UK, according to analysis from energy experts. According to a new study by Bloomberg New Energy Finance (BNEF), wind power is now the cheapest electricity in both the UK and Germany, a first for any G7 economy. According to Bloomberg, this is because the rise of renewables, as well as technolgical advances in efficiency and power storage, is making fossil fuel-generated energy more expensive. This creates a cycle that pushes up the cost of coal and gas power, leading to more renewable energy being generated.   Wind turbines line the hillside in Stirling, Scotland As they explain, the cost of electricity generated by wind, solar, or any other renewable power source, is essentially free. There are costs