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    Mon, 27th Jul 2020 15:39:00
    UK wind power revolution will mean customers get pay out as costs keep falling
    Development marks a new milestone in the success story of Britain’s offshore wind industry. The UK’s offshore wind power could soon be so cheap it will pay money back to consumers, in the world’s first negative subsidies for the industry, new analysis has shown. Record-breaking low prices of around £40 per megawatt hour (MWh) were agreed last year in contracts for several new wind farms off Britain’s coast. Offshore wind companies are paid the difference by the Government if wholesale electricity prices go lower than that, but have to pay back any money above it.
    Read original full article
    #Electricity
    #Wind Power
     
         



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    Energy News
    How bankruptcy helps the coal industry avoid environmental liability
    Wed, 10th May 2023 18:04:00
    German lawmakers mull creating first citizen assembly
    Wed, 10th May 2023 17:00:00
    Yousaf: Just transition away from oil and gas is a moral imperative
    Wed, 10th May 2023 14:15:00


    How bankruptcy helps the coal industry avoid environmental liability
    Wed, 10th May 2023 18:04:00
    German lawmakers mull creating first citizen assembly
    Wed, 10th May 2023 17:00:00
    Yousaf: Just transition away from oil and gas is a moral imperative
    Wed, 10th May 2023 14:15:00


     
             
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