· 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:
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