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Climate change: Offshore wind expands at record low price | Climate change: Offshore wind expands at record low price |
(about 1 month later) | |
A record amount of new offshore wind power has been announced in the UK. | A record amount of new offshore wind power has been announced in the UK. |
The new projects will power more than seven million homes at a lower-than-expected cost. | The new projects will power more than seven million homes at a lower-than-expected cost. |
The government says the wind farms represent a breakthrough, typically generating electricity without subsidy. | The government says the wind farms represent a breakthrough, typically generating electricity without subsidy. |
Environmentalists are delighted - but they warn ministers are failing to tackle more difficult challenges such as driving and home heating. | Environmentalists are delighted - but they warn ministers are failing to tackle more difficult challenges such as driving and home heating. |
They point out that electricity usage forms just 15% of household energy consumption - behind petrol, diesel and gas. | They point out that electricity usage forms just 15% of household energy consumption - behind petrol, diesel and gas. |
Friday's announcement offers a guaranteed price to firms willing to take the risk of installing costly offshore wind turbines in projects set to be delivered by 2025. | Friday's announcement offers a guaranteed price to firms willing to take the risk of installing costly offshore wind turbines in projects set to be delivered by 2025. |
The cheapest operator will provide power for as low as £40 per megawatt hour. | The cheapest operator will provide power for as low as £40 per megawatt hour. |
By comparison, power from Hinkley Point C - the new nuclear power station in Somerset also due to open in 2025 - is expected to cost £92.50 per megawatt hour. (Note that the prices quoted for these index-linked contracts are all in 2012 prices.) | |
John Sauven, executive director of Greenpeace, said: "Today's news makes arguing for the massive public subsidies nuclear power requires a much harder task." | John Sauven, executive director of Greenpeace, said: "Today's news makes arguing for the massive public subsidies nuclear power requires a much harder task." |
The government anticipates the overall wholesale electricity price will range between £48.95 in 2023-24 to £52.36 per megawatt hour in 2026-27. | The government anticipates the overall wholesale electricity price will range between £48.95 in 2023-24 to £52.36 per megawatt hour in 2026-27. |
The cost of offshore wind has plummeted about 30% in the last two years. | The cost of offshore wind has plummeted about 30% in the last two years. |
Greenpeace campaigner Kaisa Kosonen tweeted: "Impossible is becoming possible in front of our very eyes." | Greenpeace campaigner Kaisa Kosonen tweeted: "Impossible is becoming possible in front of our very eyes." |
For more facts about how our energy consumption needs to change to help fight climate change, download your BBC Briefing on energy. BBC Briefing is a new mini-series of online guides to the key issues in the news. | For more facts about how our energy consumption needs to change to help fight climate change, download your BBC Briefing on energy. BBC Briefing is a new mini-series of online guides to the key issues in the news. |
Prime Minister Boris Johnson said: "The UK is leading the way in the fight against climate change, and it's great news that millions more homes will be powered by clean energy at record low prices. | Prime Minister Boris Johnson said: "The UK is leading the way in the fight against climate change, and it's great news that millions more homes will be powered by clean energy at record low prices. |
"Seizing the opportunities of clean energy not only helps to protect our planet, but will also back businesses and boost jobs." | "Seizing the opportunities of clean energy not only helps to protect our planet, but will also back businesses and boost jobs." |
His critics point out that de-carbonising the electricity sector is accepted as the easy part of tackling climate change. | His critics point out that de-carbonising the electricity sector is accepted as the easy part of tackling climate change. |
The government has been repeatedly criticised by MPs for failing to curb emissions from transport and homes - and for not acknowledging that to curb climate change, many drivers need to leave their cars at home and walk, cycle or go by public transport. | The government has been repeatedly criticised by MPs for failing to curb emissions from transport and homes - and for not acknowledging that to curb climate change, many drivers need to leave their cars at home and walk, cycle or go by public transport. |
Follow Roger on Twitter | Follow Roger on Twitter |