From England· 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.
Net Zero Watch director, Andrew Montford, said:
How many times were we subjected to the chorus of ‘wind is cheap’? That refrain now rings hollow and these results show Miliband’s green utopianism to be even more costly and impractical than once feared.
LINK
Accelerate the World's Transition to Sustainable Energy - to fight Anthropogenic Climate Change, page-38087
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