A groundbreaking new study from University College London (UCL) has found that wind power has reduced the UK’s energy costs by more than £104 billion since 2010, highlighting the financial as well as environmental value of renewable energy.
As a leading renewable energy developer and operator, CWP Energy welcomes the findings as powerful evidence that the UK’s investment in clean energy continues to pay dividends for consumers and the wider economy.
The UCL research shows that the expansion of wind generation has significantly reduced the country’s reliance on expensive gas-fired electricity. By displacing fossil fuel generation, wind power has lowered electricity bills by around £14 billion and reduced gas demand, saving an estimated £133 billion in avoided fuel and infrastructure costs. Even after accounting for the cost of green subsidies during this period, households and businesses are estimated to be more than £104 billion better off.
Importantly, the report also notes that these savings do not include the impact of the 2022 global gas price crisis, suggesting that the true benefits of renewables could be even greater.
“This study confirms what we see every day in our work, renewables like wind deliver real, measurable benefits for people and the planet,” said Rob Fryer, Director of Civils and Business Development at CWP Energy. “By investing in wind power, the UK has not just reduced emissions, but protected consumers from the global fossil fuel markets.”
CWP Energy is proud to play a part in this national success story. Through our growing portfolio of onshore wind projects, we are helping to deliver reliable, affordable, and sustainable power to communities across the UK.
“As this research highlights, renewables are the foundation of a resilient energy future,” added Rob Fryer, Director of Civils and Business Development “Our mission is to continue expanding wind capacity and ensuring that these savings, both economic and environmental, are felt by everyone.”
