UK spells out draft strike prices

UK Energy Secretary Ed Davey

UK Energy Secretary Ed Davey

The UK government today unveiled draft strike prices for renewables under the country’s impending Electricity Market Reform package – offering an initial £155 per MWh for offshore wind, £125/MWh for large-scale PV and £100/MWh for onshore wind in 2014-15.

The contract for difference (CfD) draft strike price for onshore wind will fall only modestly in 2018-19, to £95/MWh; for offshore wind the price will fall more sharply, to £135/MWh.

The government believes that CfD strike prices at these levels will deliver up to 16GW of offshore wind and 12GW of onshore wind by 2020.

Large-scale PV will receive £110/MWh in 2018/19, a level the government feels could deliver up to 3.2GW of capacity by the end of the decade. The government’s goal of 22GW of PV by 2020 is largely centred on Log in to read complete article.

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