A new report has revealed that renewable energy in the form of wind and solar photovoltaics reduced the wholesale annual cost of electricity by £1.55bn.
The report, released today (19 October) by renewable energy company Good Energy, shows that the rise in renewable energy is currently lessening the impact that subsidies are having on bill payers.
Good Energy chief executive Juliet Davenport said: "What is not taken into account is the fact that renewable energy, such as wind and solar, has actually been bringing the cost of energy down for consumers. The bill payer money invested into supporting renewables yields significant benefits, let's be very clear about that."
