Scottish renewable energy now much cheaper than nuclear from Hinkley Point C

hpc_cgi_1_-_sept_2015_cropped

(c) edfenergy.com

In the latest auction with the UK government, offshore wind energy developers offered prices as low as £57.50 per megawatt hour (MWh). Hinkley Point C (Costly?) was guaranteed £92.50 MWh but this is inflation-linked as is already closer to £100/MWh. This guarantee also stands for 35 years. A very bad deal indeed for the UK consumer but not for us given that we must surely break away long before 35 years have passed.

In 2015, offshore wind power schemes required subsidies resulting in costs of around £117/MWh. This is dramatic evidence of the rapid development of the technology including larger more powerful turbines and now puts wind power way ahead of all other energy production methods in terms of cost to the consumer as well as to the environment. Keep in mind also, these are still early days for renewable technologies compared to competing technologies such as nuclear which can only become more expensive as safety fears intensify.
https://www.ft.com/content/7401f5e0-96c0-11e7-a652-cde3f882dd7b

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4 thoughts on “Scottish renewable energy now much cheaper than nuclear from Hinkley Point C

  1. macgilleleabhar September 14, 2017 / 8:24 am

    Good news for many but very bad news for the big business gravy train.
    Renewable energy has little or no residual income ( rip off potential) except for some conventional maintenance and final recycling.
    How dare anyone create an efficient industry let alone one that the fat cat city spivs and bankers can’t profit from inflated fuel prices and never ending income from waste product storage?

    Like

  2. Clydebuilt September 15, 2017 / 8:05 am

    The more people who read this the better. . . . However. . . It’s more reason for Westminster to hold on to us . . . So it’s Scottish voters we want to read it

    Like

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