Britain to lift offshore wind auction power price guarantees by 11%

Britain to lift offshore wind auction power price guarantees by 11%

Britain will increase the guaranteed price offered for offshore wind projects in this year’s renewables auction by 11%, government documents showed, amid rising costs for projects due to inflation and supply chain bottlenecks.

Wind Power Price Soars 11% as Government's Promise to Cut Bills by £300 Fails to Materialise – The Daily Sceptic

The price of offshore wind power has soared by 11% in the latest renewables subsidy package as the Government's promise to cut energy bills by £300 fails to materialise once again.

Miliband’s ‘eye-watering’ wind power price increase to hit energy bills

Energy Secretary’s offer to developers to build in UK branded ‘lunacy’

UK Allows Offshore Wind Farms to Charge More for Their Power

The UK will allow offshore wind farm developers to charge more for their power as mounting costs make it harder for the country to meet twin objectives of slashing emissions and customer bills.

UK Raises Ceiling on Wind Power Strike Prices Ahead of Major Auction

The UK government has raised the maximum prices it is willing to guarantee developers of wind power projects in a bid to reinvigorate investment in renewable energy and keep its ambitious decarbonization targets on track. The increase, announced on July 23rd, underscores the challenges faced by clean energy developers contending with inflation, rising interest rates, and strained supply chains. New Administrative Strike Prices Under the revised …

UK raises guaranteed maximum electricity price for wind developers

Increase highlights challenge Labour faces in meeting pledge to reduce household bills