NewEnergyNews: UK Offshore Wind Price To Go Incentive-Free

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

The challenge now: To make every day Earth Day.

While the OFFICE of President remains in highest regard at NewEnergyNews, the administration's position on the climate crisis makes it impossible to regard THIS president with respect. Therefore, until November 2020, the NewEnergyNews theme song:

YESTERDAY

  • Weekend Video: Greta: Face It – This Won’t Be Easy
  • Weekend Video: This Is The Climate Crisis
  • Weekend Video: Building A System
  • THE DAY BEFORE

  • FRIDAY WORLD HEADLINE-The Hottest Decade In Known History
  • FRIDAY WORLD HEADLINE-The Power Of India Goes Green
  • /

    THE DAY BEFORE THE DAY BEFORE

  • TTTA Wednesday-ORIGINAL REPORTING: Community Solar Offers An Even Better Deal
  • TTTA Wednesday-Historic New Energy Acceleration Coming
  • THE DAY BEFORE THAT

  • MONDAY’S STUDY: U.S. Emissions Dropped 2.1% in 2019
  • THE LAST DAY UP HERE

  • Weekend Video: Documented: A Whole Continent’s Climate Has Changed
  • Weekend Video: World’s Biggest Money Fund Calls Out Climate Crisis
  • Weekend Video: Welcome To The “Solar-Plus” Decade
  • --------------------------

    --------------------------

    Founding Editor Herman K. Trabish

    --------------------------

    --------------------------

    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

    -------------------

    -------------------

      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

    -------------------

    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

  • ---------------
  • MONDAY’S STUDY: The Climate Crisis Detailed

    Friday, July 05, 2019

    UK Offshore Wind Price To Go Incentive-Free

    U.K. Renewable Energy Auction Could Spell the End of Subsidies

    Mathew Carr and Jeremy Hodges (with Lisa Pham), July 4. 2019 (Bloomberg News)

    “An auction this year designed to encourage more renewable energy in Britain will probably for the first time see a winning price for offshore wind at wholesale rates…[Under Britain’s ‘contracts for difference’ (CFD)] program, generators get paid a fixed price, measured as the difference between the strike and a market reference. If the wholesale rate is at a higher level than the contract, generators pay the difference back, lowering costs for consumers…Contracts in the U.K. forward market, which sets the price of electricity many months into the future, range from about 33 pounds ($42) a megawatt-hour to about 52 pounds…The level of incentives needed is dropping after technology costs have plunged…

    The next auction, which could start as early as this month, will see CFD subsidies capped at 65 million pounds to help pay for new renewable projects for delivery in the three years through 2025. In the most recent contest in 2017, the lowest guaranteed price for offshore wind was 57.50 pounds a megawatt-hour, half the rate achieved in the previous auction in 2015. That number looks set to fall even further when contracts are awarded later this year…BloombergNEF’s global benchmark for offshore wind stands at $89/MWh, a 22% drop on the previous figure published in the second half of 2018. Denmark has the lowest offshore wind levelized cost of energy at $49/MWh…” click here for more

    0 Comments:

    Post a Comment

    << Home