For the first time, the clear benefits of wind energy to Northern Ireland consumers have been calculated in detail. In a report launched today at the Smart Energy Northern Ireland conference in Belfast, an independent analysis by experts Baringa Partners shows that renewable electricity from wind has delivered a payback of £4 to every consumer, every year, since the year 2000.
The report demonstrates how wind pushes down the wholesale cost of electricity, reduces fuel imports and helps to avoid compliance fines. These benefits more than offset the costs of wind, which includes support costs, network upgrades and grid constraint costs.
NIRIG Chair Rachel Anderson said ’This report confirms what the wind industry knows from our work on the ground. We understand the value that wind brings to communities and consumers. When you translate this to pounds and pence, it means that using wind energy has saved £4 per person every year in Northern Ireland over the last 20 years.
We are delighted to see confirmation of the benefits of wind energy for consumers. Our long term commitment to reducing Northern Ireland’s reliance on fossil fuel generation has delivered improvements in our electricity system, reduces dangerous emissions and has actually paid back to people’s pockets.’