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Energy from offshore wind in the UK will be cheaper than electricity from new nuclear power for the first time.
The cost of subsidies for new offshore wind farms has halved since the last 2015 auction for clean energy projects
Two firms said they were willing to build offshore wind farms for a subsidy of £57.50 per megawatt hour for 2022-23.
This compares with the new Hinkley Point C nuclear plant securing subsidies of £92.50 per megawatt hour.
Nuclear firms said the UK still needed a mix of low-carbon energy, especially for when wind power was not available.
Both nuclear and wind receive subsidies, but for the first time wind is coming to market with less, so providing the same electricity with less cost to the public than nuclear.
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Offshore Wind Power Cheaper Than New Nuclear
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(Score: 2, Troll) by Thexalon on Tuesday September 12 2017, @06:43PM
I was going to say: Here on the other side of the pond, Americans are still paying for the nuke plants built over 40 years ago. It's partially because the utilities are gouging, as they always do, but it's also that those things are really expensive to operate.
Of course, we could reduce the operating costs if we just let them dump nuclear waste any old which way, but that would create substantial costs for everyone around the plant. I have to admit this one's personal, as I'm about 10 miles downwind and downstream from a nuke plant right now.
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