« previous next »
Pages: [1]   Go Down

Author Topic: Rising prices for offshore wind warn of the mounting cost of Net Zero  (Read 315 times)

0 Members and 1 Guest are viewing this topic.

Offline rangerrebew

  • TBR Contributor
  • *****
  • Posts: 176,970
Rising prices for offshore wind warn of the mounting cost of Net Zero
« on: September 07, 2024, 07:46:46 am »
Rising prices for offshore wind warn of the mounting cost of Net Zero
Press release
3 Sep 2024
Written By NZW team
·      The price for new electricity from offshore wind has risen to £82/MWh in current prices, a significant 58% increase since the previous successful auction.

·      Higher prices will lead directly to higher household bills and the results raise the already astronomical price tag of meeting Miliband’s unrealistic target to decarbonise the power grid by 2030.

·      A loophole in Government contracts could cost households up to £180m a year.

Results for the latest auction (AR6) for renewable energy subsidies, known as Contracts for Difference (CfDs), were released this morning. The auction was the first since the humiliating 5th allocation round (AR5) in which there were no bids for new offshore wind capacity. The Government has secured 3.4GW of new offshore wind capacity by awarding a large increase in price to the technology that it regards as the cornerstone of its energy plans.

https://www.netzerowatch.com/all-news/6s9d1v615yk660zsq3q22y5fukcyex
Logged
The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address
Pages: [1]   Go Up
« previous next »