• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 1 day GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 days They pay YOU to TAKE Natural Gas
  • 1 day How Far Have We Really Gotten With Alternative Energy
  • 2 days What fool thought this was a good idea...
  • 4 days Why does this keep coming up? (The Renewable Energy Land Rush Could Threaten Food Security)
  • 4 hours A question...
  • 11 days The United States produced more crude oil than any nation, at any time.
Eurozone Economy to Turn a Corner in 2024

Eurozone Economy to Turn a Corner in 2024

The Eurozone economy is projected…

UK Wind Power Generation Hit A Record High In 2022

Wind power generation reached a record high last year in the UK, accounting for a 26.8% share of total electricity generation, the BBC reported, citing data published by National Grid.

Together with nuclear, the report noted, wind accounted for more electricity production than fossil fuels. That’s despite the fact that gas was the single largest source of electricity generation in the country in 2022, accounting for 38.5 percent of the total, per the National Grid numbers.

The numbers also showed that for five months last year, more than 50 percent of the electricity produced in the country was generated by wind and nuclear. Even so, Britons paid exorbitant prices for electricity because, like in continental Europe, the electricity market in the UK has all prices based on the price of gas.

"The UK has a good record with offshore wind. We're quite a giant in the offshore wind world and our industry is very attractive," said the head of energy at the Energy and Climate Intelligence Unit, an energy non-profit, as quoted by the BBC.

"Our old-fashioned energy grid urgently needs investment to maximise the opportunity that wind and solar offer to continue to reduce bills," Jess Ralson added.

The UK has one of the largest wind power capacities globally, at 25.5 GW, and government plans should see this rise further, considerably. The target for 2030 is 50 GW of offshore wind power.

“The Government’s Energy Security Strategy set out a series of steps to accelerate our transition away from reliance on expensive and environmentally harmful fossil fuels,” the country’s energy market regulator Ofgem wrote in a report late last year.

“The invasion of Ukraine highlights that this transition is now not just a matter of meeting Great Britain’s Net Zero targets, but also highlights the need to reduce our reliance on gas from a security of supply perspective.”

ADVERTISEMENT

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • George Doolittle on January 10 2023 said:
    I want to say Texas alone as an onshore power produces going on a decade now ten times as much...plus all of that be zoned for Windpower so any upgrade in said generation capability an the output increase in a State such as Texas, Iowa, North Dakota, California even Pennsylvania would be *ENORMOUS.* (negative pricing.)

    Anyhow two new nuke plants coming on line in Georgia, 2023 is the big energy story in every sense of that term for this the now current Year of that.

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News