<
https://www.carbonbrief.org/analysis-record-low-price-for-uk-offshore-wind-is-four-times-cheaper-than-gas/>
"A UK government auction has secured a record 11 gigawatts (GW) of new
renewable energy capacity that will generate electricity four times more
cheaply than current gas prices.
The projects are all due to start operating within the next five years up to
2026/27 and have agreed to generate electricity for an average price of £48 per
megawatt hour (MWh) in today’s money. This is four times cheaper than the
£196/MWh current cost of running gas-fired power stations.
Most of the new capacity – some 7GW – will be offshore wind. Notably, for the
first time, these projects were cheaper than the 1.5GW of onshore wind or 2.2GW
of solar.
Once the pre-approved projects are built, Carbon Brief estimates they will
generate 45 terawatt hours (TWh) of electricity per year, enough to meet around
14% of current UK demand.
Analysts said they would also save consumers an estimated £1.5bn per year in
the late 2020s and cut annual average bills by £58, with most of the projects
effectively subsidy-free.
This is the UK’s fourth biannual “contracts for difference” (CfD) auction round
(AR4). As well as seeing record-low prices, with 11GW of capacity secured, it
is also by far the largest."
Via
Future Crunch Jul 25, 2022:
https://futurecrunch.com/good-news-aids-botswana-coal-us-ocean-colombia/
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
