By Paul Homewood

OFGEM’s new Energy Price Cap is based on a wholesale price for electricity of £86.75/MWh.

This is still well below the new Administrative Strike Price for offshore wind, and also below onshore. Only solar power is slightly cheaper, but of course strike prices do not factor in all of the indirect costs associated with intermittent renewables.

Miliband’s plan to litter the country and seas with wind turbines can only increase the cost of electricity bills.

https://www.gov.uk/government/publications/contracts-for-difference-cfd-allocation-round-6-core-parameters

Via https://notalotofpeopleknowthat.wordpress.com/2024/08/23/new-offshore-wind-prices-17-higher-than-market-price/