Wind power saves UK consumers more than £100bn on energy bills since 2010, study finds
The UK’s investment in wind power has led to far greater financial benefits for consumers than if the country had stuck with fossil fuels, according to a new study. Researchers at University College London have conducted a study highlighting the longer-term financial benefits wind power has brought to UK consumers, compared with a scenario where the country kept investing in gas instead. The results show that, from 2010 to 2023, wind power delivered a net benefit of £104.3bn to UK consumers – £14.2bn from lower electricity prices and £133.3bn from reduced natural gas prices, partially offset by £43.2bn in government-backed price guarantees. UK wind energy production has escalated significantly since 2010. Then, more than 75% of electricity was generated from fossil fuels. Today, coal…