By Paul Homewood
I asked DESNZ to clarify what the current indexation is on CfDS. They say it is 1.3736:
This means that the Administrative Strike Price for offshore wind, £73.00 at 2012 prices, is £100.27 at 2023 levels.
They have also published the full list of strike prices for next year’s auction:
As all of the attention was on offshore wind, I did not notice the price for onshore. £64 of course equates to £87.91/MWh at current prices.
This gives the lie to the much touted claim that onshore wind is the cheapest source of electricity. As I reported the other day, the wholesale price in the last few months has ranged from about £80 to £100, whilst the DSENZ levelised costings of CCGT power work out at about £80/MWh.
via NOT A LOT OF PEOPLE KNOW THAT
November 25, 2023 at 05:00AM
Iowa Climate Science Education 