Largest UK energy producer warns of 70% price rise

Source: https://www.rt.com/business/585944-uk-electricity-prices-hike-wind/
Published: Oct 29, 2023
Author: Staff
Post Date: 2023-10-29 07:40:38 by Horse
Views: 276

The price offered by the British authorities for electricity generated by wind farms must be increased by up to 70%, according to the head of the country’s top power provider.

Tom Glover, RWE’s UK Country Chair, has cautioned that without the hike, new wind parks will not be economically feasible.

According to Glover, London should pay between £65 ($79) and £75 per megawatt hour (MwH) for the power generated from the farms versus the £44 offered in the most recent government-run auction.

“We need to see a materially higher price,” he said. “Every project is different but £65 to £75 feels about the right range.”

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#1: ghostrider    To: Horse (#0)

“Every project is different but £65 to £75 feels about the right range.”

Glover went on to say"good god man! have you priced mansions and Lamborghinis lately?"

ghostrider posted on 2023-10-29 09:26:34   Reply   Private Reply