Energy co-operatives in the UK

Abstract

The UK is implementing different types of policies to encourage the use of renewable energy for electricity generation. Currently, the UK is falling behind other European countries in this respect. Hence, co-operatives play an important role in helping the UK to move forward. Co-operatives are of interest to the Government in respect of economic development in the community. Co-operatives keep both the business, or entity, and the wealth it creates locally, which also supports the local economy. Survival rates are higher for co-operatives, which will make them a more sustainable choice for businesses and have a positive impact upon employment opportunities. Co-operatives can be adapted to suit all types of situations, especially during difficult times such as the world economic downturn. This article explores the role energy co-operatives can play within the context of electricity generation in the UK. A review of the degree of exploitation of two leading and currently deployed renewable energy technologies is presented for key member states within the EU. This is followed by a discussion on the growth of the co-operatives and their role in meeting the aims of achieving a low-carbon economy. Copyright , Oxford University Press.