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Will UK consumers save an average of £300 annually on energy bills by the end of 2024 due to the new offshore wind power initiative?
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Reports from UK energy regulatory bodies or official government statistics
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UK Government Partners with Crown Estate to Boost Offshore Wind Power, Saving £300 Annually and Unleashing Billions in Investment
Jul 25, 2024, 06:55 AM
The UK government has announced a partnership between the newly established state-owned energy company, Great British Energy, and The Crown Estate to focus on offshore wind power. Energy Secretary Ed Miliband detailed the plan, which aims to reduce reliance on fossil fuels and significantly lower energy bills for consumers, potentially saving them £300 annually. This initiative is part of Labour's broader strategy to enhance energy security through renewable sources, with a particular emphasis on expanding wind energy. Miliband emphasized the importance of transitioning to clean energy to achieve the government's 2030 clean power mission and reduce energy costs. The partnership is expected to unleash billions of investment in clean power and marks a move towards public control of energy.
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