Wind is poised to overtake gas as Britain’s main source of electricity for the first time this year, as the country moves increasingly towards green energy. Research from Offshore Energies UK shows how wind outperformed gas during the first four months of 2024, with experts predicting that this trend will continue throughout the year. The industry body’s new report said: “It is possible wind (onshore and offshore) will be the largest supply source of electricity this year.
“Wind has provided more supplies than gas in the first four months of the year. This led to the carbon intensity of the UK grid falling to its lowest daily level on April 15, at 19g of CO2 per kilowatt hour.” Last year, wind generated 82 terawatt hours (TWh) of power compared with 96TWh from gas and 37TWh from nuclear.
However, several major wind farms have come into operation in recent months, including the world’s largest farm at Dogger Bank in the North Sea, 75 miles off the Yorkshire coast. Read the latest updates below. Australia’s central bank held interest rates steady as expected but warned there were still reasons to be vigilant against inflation risks.
Wrapping up its June policy meeting, the Reserve Bank of Australia (RBA) kept rates at a 12-year high of 4.35pc, where they have been since a hike in November last year. It repeated that it was not ruling anything in or out on policy.
The RBA Board said: The Australian dollar was little changed at $0.6612 as the statement contained few.
