Renewable energy to be competitive with fossil fuels by 2020 as prices drop. The cost of generating renewable power is falling at an “unprecedented” rate, and by 2020, all renewable technologies will be price competitive with traditional fossil fuels, a new report says. Since 2010, the cost of generating power from onshore wind has fallen by around a quarter, while solar photovoltaic (PV) electricity costs have dropped by 73 per cent, according to a report published today by the International Renewable Energy Agency (Irena). Within just two years years, Irena expects solar energy generation costs to halve, and it said the best onshore wind and solar PV projects could be delivering electricity for an equivalent of 3 cents (2 pence) per kilowatt hour (kWh), or less. The report said the current cost spectrum for fossil fuel power generation ranges from 5 to 17 cents per kWh. In comparison, all current commercial forms of green energy are expected to generate in the range of 3 to 10 cents per kWh by 2020. “Turning to renewables for new power generation is not simply an environmentally conscious decision, it is now – overwhelmingly – a smart economic one,” said Adnan Amin, Irena’s director general.
City AM 13th Jan 2018 read more »
People in the Highlands pay about £400 a year more in electricity bills than the rest of Scotland, fuelling concern that many pensioners and those on low incomes are forced to endure cold and damp living conditions. Consumers in off-grid areas – which include much of the Highlands – are on restricted meters and pay an extra 4p per unit of electricity. It amounts to about £400 a year more than consumers in the rest of Scotland. Critics say the extra costs are “ridiculous” when the region is a net exporter of energy, and one reason why fuel poverty figures are higher than elsewhere in Scotland.
Times 14th Jan 2018 read more »