Cheapest renewable energy supplier for 2021

Switching to a green energy supplier in the UK has never been easier. The number of choices available has gone up as the market has started to embrace more renewable resources. Finding a supplier of green energy is not even much of a hassle these days. Most of the Big Six companies that include E.ON, Scottish Power, British Gas, and SSE, have tariffs that offer green electricity.

However, if you are looking for green gas, you might have to turn to small suppliers.

Green energy or Renewable energy is said to be cost-effective. The following are a few energy suppliers providing green energy at lower rates:

Supplier	Price
Goto. energy	£837.63
Octopus Energy	£880
Bulb	£893
People’s Energy	£912
OVO energy	£960
E.ON	£965
Scottish Energy	£971
Shell Energy	£983
Green Energy UK	£1390

The figures given above are the annual rates of the companies providing green energy. The calculations are based on the average usage of a two-bedroom household in Yorkshire. (12000 kWh for gas and 2900 kWh for electricity over a year)

It should be noted that the prices may vary from region to region depending upon the availability of suppliers in that area and the deals that they have to offer.

What are the cheapest renewable energy resources?

As per the IRENA Renewable Power Generation Costs, solar and onshore wind energy sources are the cheapest.

The average price of wind turbines was $0.60 per kWh, while some schemes priced them at $0.40 per kWh. The cost of solar panels has decreased to $0.10 per kWh. Extensive research and investment into these renewable resources have led to a continued decrease in prices.

The statistics published by the UK’s government also suggest that the electricity generated through wind and solar energy is 30% to 50% cheaper than previously thought.

What don’t they tell you about renewable energy?

Although renewable sources are a cleaner, greener option for energy supply, there are a few things that we tend to miss when we promote their usage. The renewable energy supply sources face various obstacles: technological challenges, skewed regulatory frameworks, and the marketplace.

The most apparent constraint of using renewable energy sources is the high capital costs or the upfront costs of building solar and wind farms. Considering the high construction costs, financial institutions might perceive investment in renewables as a risky business. Resultantly, the lending of money is done at higher interest rates, and the developers find it challenging to support their business proposals.

Siting and transmission is another problem attached with renewable sources of energy supply. Natural gas, coal, and nuclear energy are highly centralized sources of power, i.e., they rely on relatively few high output power plants.

On the other hand, Solar and wind offer a decentralized model. There are smaller generating stations spread across a larger area to provide power. Siting refers to the need to locate things like solar panels and wind turbines on land. Do so would require contracts, negotiations, permits, and community relations.

Transmission refers to the infrastructure and lines required to transmit electricity from where it is produced to where it is consumed. Since solar energy and Wind are newcomers, the existing infrastructure favors fossil fuels and nuclear plants.

What form of renewable energy is the most efficient?

Renewable energy is usually more efficient than fossil fuels. The burning of fossil fuels accounts for 87% of the carbon dioxide emissions and endangers future generations’ livelihoods.

When it comes to renewable resources, currently, the world heavily relies on water. Last year, the world’s hydropower capacity marked the record of 1,308 gigawatts. Utilities across the globe rely on hydropower to generate electricity for several reasons.

To name a few, hydropower is a cheaper alternative, is readily available, easy to store & dispatch and produce without fuel combustion. Meaning, this form of energy supply does not involve greenhouse emissions or the release of pollutants.

As with other energy sources, however, hydropower does not come without an environmental cost. Hydropower has the potential to wreak havoc on native aquatic species and their ecosystems.

Although there are several sources of energy supply, such as fossil fuels, hydropower, and wind, the most efficient form of renewable energy is Solar.

Solar power is the fastest-growing energy resource. Since it does not create any air pollutants, it is an ecologically responsible form of energy supply with a very low carbon footprint level. With the cost of solar panels and installations going down, solar power has become a more efficient source of energy supply.

What renewable energy is the cheapest to produce?

Not so long ago, coal was the most cost-effective form of energy. Now, wind plants and solar panels are half the cost of the new coal plants. Cheap renewable energy and affordable batteries are anticipated to lead to wind and solar energy producing 50% of the world’s electricity by 2050.

Technological advancements lead to the reduction in the prices of renewable resources, making them more cost-effective. Renewable energy generation can already replace 74% of the U.S coal generation, with immediate cost savings.

Conclusively, renewable resources of energy are the future, and with the declining costs, they can be a significant producer of global energy.