UCL Study Finds Wind Power Cuts UK Energy Bills by £104bn Since 2010

A comprehensive study by University College London found that wind power has significantly reduced UK energy costs by £104.3 billion between 2010 and 2023, by lowering electricity bills and reducing natural gas prices despite consumer subsidies. Wind energy expanded from 5 TWh to 80 TWh during this period, displacing gas generators and helping to stabilize energy prices, with wind accounting for about 30% of electricity generation by 2023. The findings challenge the notion that sustainability conflicts with affordability and energy security, highlighting wind power as a high-return national investment. While wind power’s expansion has reduced revenues for wind generators, this is seen as evidence of its broader economic benefits. Additionally, practical home energy-saving tips, such as improving insulation and using reflective materials like old crisp packets behind radiators, are promoted to reduce carbon footprints and energy bills further. These strategies collectively underscore the financial and environmental advantages of renewable energy and energy efficiency measures for UK consumers.