Renewable energy will be cheaper than fossil fuels by 2020

  Renewable energy will be cheaper than fossil fuels by 2020. That’s according to the International Renewable Energy Agency (IRENA), which suggests this will be driven by rising investments in clean power projects, which will in turn cut the cost of energy for consumers. Although some forms of green generation can already compete with fuels […]

Inviting Christmas guests into your ho-ho-home could cost you

Hosting family and friends over the festive period could cost the UK as much as £825 million in additional energy bills. Each household hosting guests is likely to spend around £55 more on gas and electricity than they would otherwise, according to new data from price comparison site uSwitch.com. More than half of the country’s households […]

Onshore wind ‘could save UK £1bn’

Outdated policies are blocking development of onshore wind, the cheapest new electricity generation technology in Britain. That’s the claim from the Energy and Climate Intelligence Unit (ECIU), which suggests this could result in £1 billion of knock-on impacts over the next five years for consumer bills, climate change goals and businesses. The organisation suggests electricity […]

Main barrier to domestic energy efficiency ‘is cost’

Cost is the main barrier to the public adopting green energy technologies. That’s according to a new survey of 1,539 consumers by Electricity North West (ENW), in which 91% of all Brits said they are being held back from installing renewable and energy effiency features in their homes. More than half (56%) of consumers that […]

Taxpayers to bear £24bn brunt of closing oil rigs

Decommissioning the North Sea’s oil and gas fields could cost British taxpayers £24 billion. That’s according to a report from energy research group Wood Mackenzie, which suggests the cost is likely to be much higher than the £16 billion projected by the Treasury. The cost of plugging wells, dismantling platforms and restoring the seabed could cancel out the remaining revenues […]

Solar power ‘now cheaper than fossil fuels’

Solar power is now cheaper than fossil fuels. That’s according to a new report from the World Economic Forum (WEF), which states renewables have finally reached a tipping point of popularity thanks to massive investment, falling installation costs, a rise in clean energy policies and technological advancements. This is supported by new data from Bloomberg […]

Solar is fast becoming cheapest energy source

Solar energy is fast undercutting wind to become the cheapest form of electricity. Although solar has previously cost less than wind in a number of particularly competitive projects, unsubsidised solar power is now starting to outcompete other energy sources on a much wider scale, according to a new report from Bloomberg New Energy Finance (BNEF). The energy research group’s report says this shift was […]

‘Smart cities improve lives and sustainability’

Smart innovation in cities and the ‘internet of things’ can significantly improve the quality of life in the UK. That was the view of experts at a Smart Cities conference in London yesterday. Attended by politicians, civil servants and engineers, it discussed just what smart technology might do for our communities. Mark Prisk MP, Chair of […]

Climate change ‘to cost US millennials $8.8tn’

The devastating costs of climate change to millennials and future generations in the US have been outlined in a new study. NextGen Climate and Demos has released the report, which compared the climate cost to other significant economic burdens such as student debt, child care cost, slow job growth and stagnant wages. It suggests climate […]

Green energy subsidies ‘spiral out of control’

George Osborne is expected to abolish the green tax target, in Wednesday’s budget as customers face paying £1.5billion more through their bills to subsidise wind farms, solar panels and biomass plants. The cost of subsidising new wind farms is “spiralling out of control”, government sources have privately warned. Officials admitted so-called “green” energy schemes will […]