renewable energy stocks uk
In September 2008 the UK pledged to reduce carbon emissions by 40 percent in 2020. In this placement, the British government turned its attention to land and offshore wind power in an effort to harness renewable energy available in abundance, which reduces our dependence on fossil fuels.
According to the British Wind Energy Association, in order to meet these targets, Britain will have to invest heavily in wind power construction 12,500 new wind turbines. In theory, renewable and clean energy should make prices cheaper electricity, including wind power bonus is that is an infinite source, so it will help to stabilize fluctuations in the price of gas and electricity move in the stock markets.
However, a study by Pöyry Energy Consulting has warned that such a major investment in wind energy is going to wreak havoc on the national network, due to its intermittent nature. Wind turbines can not harness the energy at a constant rate and changes in the production of the turbines can be changed by 25 percent in one year.
Depending on the amount of energy produced by each turbine, electricity prices may fluctuate dramatically. In peak hours, when a large amount of energy occurs would be ultra-efficient turbine, making the free energy. However, prices could rise to £ 8,000 / MWh in times of low productivity.
The price is more predictable winds at sea than on land, electricity and therefore tend to be more stable, more wind turbines offshore. One problem if when demand is highest on cold nights, wind turbines are inefficient, while conversely, when the wind blows more strong warm weather, electricity demand is lower.
Energy companies need a reliable source of energy that can rely to provide the best electricity prices for customers. Wind turbines can certainly help reduce carbon emissions, but until they can provide consistent results, oil, gas and coal will remain the mainstay of energy consumption. While still the case, homeowners will be able to find the price cheaper electricity, using price comparison sites to find an energy budget.
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