Data from Robert Gross at Imperial College London – graph from The Guardian
The following caught my eye in a series run last week by The Guardian, a interesting adjuct to the previous article.
Key to plots:
GAS – Rising wholesale gas prices have driven the UK’s rising energy bills in recent years. Forecasts show a wide range of cost scenarios, reflecting uncertainty over a fuel which is increasingly imported
OFFSHORE WIND – The cost of offshore wind rose dramatically in the last decade, due in part to steel prices and supply chain shortages. Authoritative forecasts suggest costs will come down 25% by 2025
ONSHORE WIND – Onshore turbines are likely to stabilise in cost, according to a range of forecasts, which have a relatively narrow spread of outcomes. Expected to become cheaper than gas this decade