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Author Topic: Offshore wind auction results  (Read 520 times)
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« Reply #15 on: September 20, 2019, 11:53:51 AM »

£40/MWh in 2012 prices will be about £50-55/MWh by delivery in 2023/24, compared to recent wholesale prices averaging circa £50MWh or a bit less, but even so subsidy implications would be minimal I think.

Total guesswork, but looking at the current price of the £57.50 deal which is £65.09, then this auction of about £40, would be (40x65)/57.5 = £45 today (Apr 2019). Let's assume 2% inflation compounded for 5yrs, then we get £50 (£49.70). But remember that the wholesale prices will rise with inflation too, and the figures BEIS use for estimation get the same post 2012 uplifts.

Incredible.

Again bit of guesswork, assumption, wishful thinking, but I'd hope PV and on-shore wind would also be around £45 today, so what a team, what a team.
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Just call me Mart.     Cardiff: 5.58kWp PV - (3.58kWp SE3500 + 2kWp SE2200 WNW)
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« Reply #16 on: September 20, 2019, 12:40:19 PM »

Article in the Guardian.

New windfarms will not cost billpayers after subsidies hit record low

Quote
The UK’s next wave of offshore windfarms will generate clean electricity at no extra cost to consumers after record low subsidy deals fell below the market price for the first time.

New offshore wind projects will power millions of British homes under “zero-subsidy” support contracts within the next four years, following a record-breaking government subsidy auction.

On Friday, the results of the auction showed offshore wind costs had tumbled by a third to about £40 per megawatt hour, which is less than the price of electricity in the wholesale energy market.

This means households will not face extra costs to support the new projects, which may even help to bring energy bills down.
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Just call me Mart.     Cardiff: 5.58kWp PV - (3.58kWp SE3500 + 2kWp SE2200 WNW)
stannn
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« Reply #17 on: September 23, 2019, 02:53:02 PM »

https://www.pv-tech.org/editors-blog/what-the-uks-record-low-offshore-wind-prices-could-mean-for-utility-scale-s
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2.45 kWp PV (Navitron supply), 40 evacuated tubes (Navitron supply), Clearview 650 log burner with back-boiler heating cottage and water, 2 off 50W border collies, 1 off 35W cat, 1 off 25W cat.
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