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Wind power offers hope of cheap energy - 22/04/2010

The take-up of wind energy has the potential to reduce energy prices in the future, according to an independent consultant.

Poyry AS has conducted a report on behalf of the European Wind Energy Association, which discovered that the renewable energy source can reduce electricity prices by between €3 and €23 (£2.60 and £19.90) per megawatt hour.

Entitled Wind Energy and Electricity Prices, the report concluded that an increased penetration of wind power reduces wholesale spot prices.

Christian Kjaer, chief executive of EWEA, urged consumers to include more wind power in their electricity mix if they want cheap energy.

He said: "It has already been well-established that wind reduces CO2 emissions. But now we have stronger evidence than ever before that wind power also reduces electricity prices for consumers."

Earlier this week, a village in Oxfordshire won the title of Best UK Village in the Independent's Green Awards, after completing a host of energy efficiency measures to help reduce their annual bills.

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