U.K. Could Save $17 Billion a Year by Cutting Power Demand
This article is for subscribers only.
The U.K. could wipe 10.9 billion pounds ($17 billion) off its annual energy bill by 2030 with the introduction of incentives designed to cut electricity demand during the switch to a low-carbon market, a study showed today.
The savings in the form of so-called negawatts, a theoretical unit of power representing energy saved, would reduce the need to build more wind farms, nuclear plants and fossil-fuel power stations, according to environmental policy group Green Alliance and WWF.