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Wind power prices up in new offshore contracts as UK moves away from gas
Britain is "firmly on track" to meet its clean power targets for 2030, according to the government following a record offshore wind auction.
It has awarded contracts to supply 8.4 gigawatts (GW) of new offshore wind power - enough to power 12 million homes. The auction is part of efforts to ease the country away from volatile and polluting natural gas, but the strike price of £90.91 represents an increase of 11% on contracts agreed last year.
The target of a clean power grid by 2030 requires at least 43GW of operational offshore wind but the price increase will stoke political debate over the rising costs of renewables and the economic impact of high energy prices. Money latest: The problem with supermarket honey Energy Secretary Ed Miliband welcomed the results and said they would help reduce the UK's exposure to volatile fossil fuel prices, specifically gas, which triggered the energy bill shock following Russia's invasion of Ukraine.
"With these results, Britain is taking back control of our energy sovereignty.
Amir Nisi
Creative and experienced content writer with 6+ years of experience lazy to create unique content strategy for News5 to turn website visitors into customers.
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