Offshore wind “best resource” for keeping energy costs down

Incentivising wind energy development would provide protection against the risk of fuel price volatility and "protect" consumers, according to a new report published by Mainstream Renewable Power on Thursday 18 October. The report sought to apply modern investment portfolio theory to energy policy to understand how decarbonisation could be achieved most affordably. It concluded a generation portfolio dominated by unabated gas and coal would be the most expensive option, while diverse assets including a "significant amount" of offshore wind lowered both risk and cost. Report author Mark Cooper said wind power was the "first hedge UK policymakers should want" and the "best possible resource" to keep costs down and security of supply.
Mainstream Renewable Power